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  1. Deals Analysis
August 4, 2022

Metals & Mining industry M&A deals total $7.8bn in Canada in Q2 2022

By Carmen

Total metals & mining industry M&A deals worth $7.8bn were announced in the Canada in Q2 2022, led by Gold Fields’ $6.7bn acquisition of Yamana Gold, according to GlobalData’s deals database.

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The value marked an increase of 3315.9% over the previous quarter and a rise of 211.2% when compared with the last four-quarter average of $2.5bn.

Canada held a 37.66% share of the global metals & mining industry M&A deal value that totalled $20.66bn in Q2 2022.

In terms of deal activity, the Canada recorded 30 M&A deals during Q2 2022, marking an increase of 42.86% over the previous quarter and a drop of 6.25% over the last four-quarter average.

Canada metals & mining industry M&A deals in Q2 2022: Top deals

The top five metals & mining industry M&A deals accounted for 99.4% of the overall value during Q2 2022.

The combined value of the top five metals & mining M&A deals stood at $7.73bn, against the overall value of $7.8bn recorded for the quarter.

The top five metals & mining industry M&A deals of Q2 2022 tracked by GlobalData were:

1) Gold Fields $6.7bn acquisition deal with Yamana Gold

2) The $646.37m acquisition of Nomad RoyaltyLtd by Sandstorm Gold

3) Orla Mining $189.23m acquisition deal with Gold Standard Ventures

4) The $161.59m acquisition of UEX by Uranium Energy

5) 1363013 B.C. $33.67m acquisition of 25.2% stake in Entree Resources

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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.

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