Canada’s metals & mining industry sees a flat growth in deal activity in October 2020

23 November 2020 (Last Updated November 23rd, 2020 07:42)

Canada’s metals & mining industry sees a flat growth in deal activity in October 2020

Canada’s metals & mining industry saw a flat growth in overall deal activity during October 2020, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 52 deals worth $259.07m were announced in October 2020, compared to the 12-month average of 52 deals.

M&A was the leading category in the month in terms of volume with 52 deals which accounted for 100% of all deals.

In terms of value of deals, M&A was the leading deal category in Canada’s metals & mining industry with total deals worth $259.07m.

Canada metals & mining industry deals in October 2020: Top deals

The top five metals & mining industry deals accounted for 93.6% of the overall value during October 2020.

The combined value of the top five metals & mining deals stood at $242.45m, against the overall value of $259.07m recorded for the month.

The top five metals & mining industry deals of October 2020 tracked by GlobalData were:

1) Magris Resources’ $223m acquisition of Imerys Talc America, Imerys Talc Canada and Imerys Talc Vermont

2) The $6.83m asset transaction with Teck Resources by Sun Metals

3) Alamos Gold’s $5m acquisition of Aloro Mining

4) The $4.13m asset transaction with Guardsmen Resources by Thesis Gold

5) Dakota Territory Resource’s asset transaction with Homestake Miningof California Inc for $3.5m.

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.

 

Visit our ‘Mining Deals Dashboard’ for the latest trends in M&A, PE, and VC activity, top deals and advisory league tables in the mining industry.