Metals & mining industry M&A deals in Q3 2019 total $591.52m in Canada

26 November 2019 (Last Updated November 26th, 2019 10:29)

Metals & mining industry M&A deals in Q3 2019 total $591.52m in Canada

Total metals & mining industry M&A deals in Q3 2019 worth $591.52m were announced in Canada, according to GlobalData’s deals database.

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The value marked a decrease of 43.7% over the previous quarter and a drop of 89.9% when compared with the last four-quarter average of $5.83bn.

Canada held an 8.5% share of the global metals & mining industry M&A deal value that totalled $6.98bn in Q3 2019.

In terms of deal activity, Canada recorded 82 deals during Q3 2019, marking a drop of 14.6% over the previous quarter and a drop of 20.4% over the last four-quarter average.

Canada metals & mining industry M&A deals in Q3 2019: Top deals

The top five metals & mining industry M&A deals accounted for 77.5% of the overall value during Q3 2019.

The combined value of the top five metals & mining M&A deals stood at $458.41m, against the overall value of $591.52m recorded for the month.

The top five metals & mining industry deals of Q3 2019 tracked by GlobalData were:

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

2) The $69.3m acquisition of Karmin Exploration by Nexa Resources

3) Titan Minerals’ $53.08m acquisition of Core Gold

4) The $41.3m asset transaction with Osisko Bermuda by Pretium Exploration

5) Maverix Metals’ asset transaction with TMAC Resources for $40m.

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.