North America’s metals & mining industry sees a drop of 1.8% in deal activity in April 2019

24 May 2019 (Last Updated May 24th, 2019 17:49)

North America’s metals & mining industry sees a drop of 1.8% in deal activity in April 2019

North America’s metals & mining industry saw a drop of 1.8% in deal activity during April 2019, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 54 metals & mining industry deals worth $1.23bn were announced for the region in April 2019, against the 12-month average of 55 deals.

Of all the deal types, M&A saw most activity in April 2019 with 44 transactions, representing an 81.5% share for the region.

In second place was private equity with five deals, followed by venture financing deals with five transactions, respectively capturing a 9.3% and 9.3% share of the overall deal activity for the month.

In terms of value of deals, M&A was the leading category in North America’s metals & mining industry with $1.22bn, while private equity and venture financing deals totalled $11.03m and $1.54m, respectively.

North America metals & mining industry deals in April 2019: Top deals

The top five metals & mining deals accounted for 97.2% of the overall value during April 2019.

The combined value of the top five metals & mining deals stood at $1.2bn, against the overall value of $1.23bn recorded for the month. The top announced metals & mining deal tracked by GlobalData in April 2019 was Wieland-Werke’s $1.14bn acquisition of Global Brass and Copper.

In second place was the $25m asset transaction with Americas Silver by Sandstorm Gold and in third place was ePower Metals’ $10.9m asset transaction with Minera Alamos.

The $8.9m asset transaction with Hochschild Mining and Americas Silver by Premier Gold Mines and Metalla Royalty and Streaming’s asset transaction with Alamos Gold for $8.6m held fourth and fifth positions, respectively.

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.