Metals & mining industry M&A deals in Q3 2020 total $686.45m in Canada

18 November 2020 (Last Updated November 18th, 2020 19:24)

Metals & mining industry M&A deals in Q3 2020 total $686.45m in Canada

Total metals & mining industry M&A deals in Q3 2020 worth $686.45m were announced in Canada, according to GlobalData’s deals database.

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The value marked a decrease of 76.7% over the previous quarter and a drop of 81.2% when compared with the last four-quarter average of $3.65bn.

Canada held a 9.5% share of the global metals & mining industry M&A deal value that totalled $7.21bn in Q3 2020.

In terms of deal activity, Canada recorded 213 deals during Q3 2020, marking a rise of 37.4% over the previous quarter and a rise of 90.2% over the last four-quarter average.

Canada metals & mining industry M&A deals in Q3 2020: Top deals

The top five metals & mining industry M&A deals accounted for 50.8% of the overall value during Q3 2020.

The combined value of the top five metals & mining M&A deals stood at $348.91m, against the overall value of $686.45m recorded for the month.

The top five metals & mining industry deals of Q3 2020 tracked by GlobalData were:

1) Auryn Resources’ $112.92m acquisition of Eastmain Resources

2) The $75m asset transaction with Kirkland Lake Gold by Newmont

3) Kinross Gold’s $70.02m asset transaction with Contango ORE and Royal Gold

4) The $45.8m acquisition of Coral Gold Resources by Guerrero Ventures

5) Southern Empire Resources’ acquisition of MAS Gold for $45.17m.

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.