Canada’s metals & mining industry saw a drop of 17.5% in overall deal activity during September 2019, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 33 deals worth $383.35m were announced in September 2019, compared to the 12-month average of 40 deals.

M&A was the leading category in the month in terms of volume with 28 deals which accounted for 84.9% of all deals, followed by private equity with five deals which accounted for 15.1% of overall deal activity in the country’s metals & mining industry.

In terms of value of deals, M&A was the leading deal category in Canada’s metals & mining industry with total deals worth $368.39m, followed by private equity deals totalled $14.96m.

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

The top five metals & mining industry deals accounted for 94.6% of the overall value during September 2019.

The combined value of the top five metals & mining deals stood at $362.7m, against the overall value of $383.35m recorded for the month.

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

1) Osisko Gold Royalties’ $254.73m acquisition of Barkerville Gold Mines

2) The $53.08m acquisition of Core Gold by Titan Minerals

3) Pretium Exploration’s $41.3m asset transaction with Osisko Bermuda

4) The $7.55m acquisition of Legendary Ore Mining by Lakefield Marketing

5) RCF VI CAD’s private equity deal with NorZinc for $6.04m.

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.