Canada’s metals & mining industry saw a rise of 36.7% in overall deal activity during September 2020, when compared with the last 12-month average, according to GlobalData’s deals database.
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A total of 67 deals worth $164.98m were announced in September 2020, compared to the 12-month average of 49 deals.
M&A was the leading category in the month in terms of volume with 67 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 $164.98m.
Canada metals & mining industry deals in September 2020: Top deals
The top five metals & mining industry deals accounted for 72.4% of the overall value during September 2020.
The combined value of the top five metals & mining deals stood at $119.47m, against the overall value of $164.98m recorded for the month.
The top five metals & mining industry deals of September 2020 tracked by GlobalData were:
1) Kinross Gold’s $70.02m asset transaction with Contango ORE and Royal Gold
2) The $30m acquisition of Aurea Mining, Minera Aurea andde C V by 1252201 B.C.
3) Metalla Royalty and Streaming’s $6.5m asset transaction with Karora Resources
4) The $6.5m acquisition of Neo Lithium by Contemporary Amperex Technology
5) Iamgold’s asset transaction with TomaGold for $6.45m.
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.