Total metals & mining industry M&A deals in Q2 2019 worth $1.05bn were announced in Canada, according to GlobalData’s deals database.

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The value marked a decrease of 92.5% over the previous quarter and a drop of 83.7% when compared with the last four-quarter average of $6.44bn.

Canada held a 16.7% share of the global metals & mining industry M&A deal value that totalled $6.28bn in Q2 2019.

In terms of deal activity, Canada recorded 89 deals during Q2 2019, marking a drop of 24.6% over the previous quarter and a drop of 12.8% over the last four-quarter average.

Canada metals & mining industry M&A deals in Q2 2019: Top deals

The top five metals & mining industry M&A deals accounted for 81.3% of the overall value during Q2 2019.

The combined value of the top five metals & mining industry M&A deals stood at $851.66m, against the overall value of $1.05bn recorded for the quarter. The top announced metals & mining industry M&A deal tracked by GlobalData in Q2 2019 was St. Barbara’s $596.22m acquisition of Atlantic Gold.

In second place was the $156.69m stake acquisition of Quebec Iron Ore by Champion Iron and in third place was Discovery Metals’ $49.43m acquisition of Levon Resources.

The $27.31m acquisition of Alexandria Minerals by Chantrell Ventures and Compania Minera Autlan SAB de CV’s acquisition of ECU Silver Mining for $22m held fourth and fifth positions, respectively.

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.