Total metals & mining industry M&A deals in Q1 2020 worth $3.29bn were announced in Canada, according to GlobalData’s deals database.
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The value marked a decrease of 56.7% over the previous quarter and a drop of 43.3% when compared with the last four-quarter average of $5.8bn.
Canada held a 45% share of the global metals & mining industry M&A deal value that totalled $7.32bn in Q1 2020.
In terms of deal activity, Canada recorded 117 deals during Q1 2020, marking a rise of 44.4% over the previous quarter and a rise of 21.9% over the last four-quarter average.
Canada metals & mining industry M&A deals in Q1 2020: Top deals
The top five metals & mining industry M&A deals accounted for 91% of the overall value during Q1 2020.
The combined value of the top five metals & mining M&A deals stood at $2.99bn, against the overall value of $3.29bn recorded for the month.
The top five metals & mining industry deals of Q1 2020 tracked by GlobalData were:
1) Stone Canyon Industries Holdings’ $2bn asset transaction with Kissner Group Holdings, Metalmark Capital Holdings and Silvertree-KMC II
2) The $696.27m acquisition of Semafo by Endeavour Mining
3) Kyoei Steel’s $141.3m asset transaction with Moly-Cop AltaSteel
4) The $82.07m acquisition of Balmoral Resources by Wallbridge MiningLtd
5) Sixth Wave Innovations’ acquisition of Geolithic for $75m.
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.