Canada’s metals & mining industry sees a drop of 10.5% in deal activity in November 2019

20 December 2019 (Last Updated December 20th, 2019 13:16)

Canada’s metals & mining industry sees a drop of 10.5% in deal activity in November 2019

Canada’s metals & mining industry saw a drop of 10.5% in overall deal activity during November 2019, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 34 deals worth $4.47bn were announced in November 2019, compared to the 12-month average of 38 deals.

M&A was the leading category in the month in terms of volume with 32 deals which accounted for 94.1% of all deals.

In second place was private equity and venture financing with one transaction, respectively, each accounting for 2.9% 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 $4.31bn, while private equity and venture financing deals totalled $150m and $2.98m, respectively.

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

The top five metals & mining industry deals accounted for 99.4% of the overall value during November 2019.

The combined value of the top five metals & mining deals stood at $4.44bn, against the overall value of $4.47bn recorded for the month.

The top five metals & mining industry deals of November 2019 tracked by GlobalData were:

1) Kirkland Lake Gold’s $3.8bn acquisition of Detour Gold

2) The $475m asset transaction with Newmont Goldcorp by Evolution Mining (Canada Holdings)

3) GEM Global YieldSCS’s $150m private equity deal with Western Magnesium

4) The $9.04m acquisition of Bralorne Gold Mines by Talisker Resources

5) Galena International Resources’ asset transaction with Sprott Private Resource Lending (Collector) and Sprott Resource Lending for $8m.

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.