Metals & mining industry M&A deals in Q4 2020 total $4.52bn in Canada

20 January 2021 (Last Updated January 20th, 2021 11:39)

Metals & mining industry M&A deals in Q4 2020 total $4.52bn in Canada

Total metals & mining industry M&A deals in Q4 2020 worth $4.52bn were announced in Canada, according to GlobalData’s deals database.

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The value marked an increase of 512% over the previous quarter and a rise of 23% when compared with the last four-quarter average of $3.67bn.

Canada held a 23.8% share of the global metals & mining industry M&A deal value that totalled $18.94bn in Q4 2020.

In terms of deal activity, Canada recorded 165 deals during Q4 2020, marking a drop of 28.3% over the previous quarter and a rise of 11.5% over the last four-quarter average.

Canada metals & mining industry M&A deals in Q4 2020: Top deals

The top five metals & mining industry M&A deals accounted for 88.5% of the overall value during Q4 2020.

The combined value of the top five metals & mining M&A deals stood at $3.99bn, against the overall value of $4.52bn recorded for the month.

The top five metals & mining industry deals of Q4 2020 tracked by GlobalData were:

1) Endeavour Mining’s $1.86bn acquisition of Teranga Gold

2) The $1.14bn acquisition of Golder Associates by WSP Global

3) Equinox Gold’s $549.45m acquisition of Premier Gold Mines

4) The $225m acquisition of Greenstone Gold Mines GP by Orion Mine Finance

5) Magris Resources’ acquisition of Imerys Talc America, Imerys Talc Canada and Imerys Talc Vermont for $223m.

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.