Canada’s metals & mining industry sees a rise of 15.4% in deal activity in May 2019

19 June 2019 (Last Updated June 19th, 2019 07:03)

Canada’s metals & mining industry sees a rise of 15.4% in deal activity in May 2019

Canada’s metals & mining industry saw a rise of 15.4% in overall deal activity during May 2019, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 45 deals worth $864.16m were announced in May 2019, compared to the 12-month average of 39 deals.

M&A was the leading category in the month in terms of volume with 38 deals which accounted for 84.4% of all deals.

In second place was private equity with five deals, followed by venture financing with two transactions, respectively accounting for 11.1% and 4.4% of overall deal activity in the country’s metals & mining industry during the month.

In terms of value of deals, M&A was the leading deal category in Canada’s metals & mining industry with total deals worth $831.25m, while private equity and venture financing deals totalled $30.15m and $2.76m, respectively.

Canada metals & mining industry deals in May 2019: Top deals

The top five metals & mining industry deals accounted for 95.1% of the overall value during May 2019.

The combined value of the top five metals & mining industry deals stood at $822.07m, against the overall value of $864.16m recorded for the month. The top announced Canada metals & mining industry deal tracked by GlobalData in May 2019 was St. Barbara’s $596.22m acquisition of Atlantic Gold.

In second place was the $156.69m stake acquisition of Quebec Iron Ore by Champion Iron and in third place was Discovery Metals’ $49.43m acquisition of Levon Resources.

The $10m private equity deal with Harte Gold by Appian Natural Resources Fund and Lepidico’s acquisition of Desert Lion Energy for $9.72m held fourth and fifth positions, respectively.

Verdict deals analysis methodology

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.