Metals & mining industry M&A deals in Q1 2019 total $13.94bn in Canada

30 April 2019 (Last Updated April 30th, 2019 06:54)

Metals & mining industry M&A deals in Q1 2019 total $13.94bn in Canada

Total metals & mining industry M&A deals in Q1 2019 worth $13.94bn were announced in Canada, according to GlobalData’s deals database.

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The value marked a decrease of 6013.02% over the previous quarter and a rise of 317% when compared with the last four-quarter average of $3.34bn.

Canada held a 62.8% share of the global metals & mining industry M&A deal value that totalled $22.18bn in Q1 2019.

In terms of deal activity, Canada recorded 117 deals during Q1 2019, marking of % over the previous quarter and a rise of 17% over the last four-quarter average.

Canada metals & mining industry M&A deals in Q1 2019: Top deals

The top five metals & mining industry M&A deals accounted for 98.6% of the overall value during Q1 2019.

The combined value of the top five metals & mining industry M&A deals stood at $13.74bn, against the overall value of $13.94bn recorded for the quarter. The top announced metals & mining industry M&A deal tracked by GlobalData in Q1 2019 was Newmont Mining’s $12.5bn acquisition of Goldcorp.

In second place was the $806.5m asset transaction with Imperial Metals by Newcrest Mining and in third place was SolGold’s $287.95m acquisition of Cornerstone Capital Resources.

The $83.62m acquisition of LSC Lithium by Pluspetrol Resources and Voyager IP’s acquisition of UC Resources for $60m held fourth and fifth positions, respectively.

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.