Canada’s metals & mining industry saw a drop of 2.38% in overall deal activity during November 2022, when compared with the last 12-month average, led by Triple Flag Precious Metals’ $606m acquisition of Maverix Metals, according to GlobalData’s deals database.
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A total of 41 deals worth $832.3m were announced in November 2022, compared with the 12-month average of 42 deals.
M&A was the leading category in the month in terms of volume with 38 deals, which accounted for 92.7% of all deals.
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In second place was private equity with two deals, followed by venture financing with one transactions, respectively accounting for 4.9% and 2.4% of overall deal activity in the Canada’s technology industry during the month.
In terms of value of deals, M&A was the leading deal category in Canada’s metals & mining industry with total deals worth $773.95m, while private equity and venture financing deals totalled $57.94m and $0.4m respectively.
Canada metals & mining industry deals in November 2022: Top deals
The top five metals & mining industry deals accounted for 98.05% of the overall value during November 2022.
The combined value of the top five metals & mining deals stood at $816.01m, against the overall value of $832.3m recorded for the month.
The top five metals & mining industry deals of November 2022 tracked by GlobalData were:
1) Triple Flag Precious Metals’s $606m acquisition deal with Maverix Metals
2) The $115.1m acquisition of 1361516 B.C. by Li-FT Power
3) Cerberus Capital Management, Greentech Minerals Holdings and Hegemon Capital’s $50m private equity deal with Torngat Metals
4) The $30.09m asset transaction of Troilus Gold by Sayona Quebec
5) Kenadyr Mining’s $14.82m acquisition deal with Karus Gold