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  1. Deals Analysis
July 15, 2019

North America’s metals & mining industry sees a drop of 26.3% in deal activity in June 2019

North America’s metals & mining industry saw a drop of 26.3% in deal activity during June 2019, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 42 metals & mining industry deals worth $716.22m were announced for the region in June 2019, against the 12-month average of 57 deals.

Of all the deal types, M&A saw most activity in June 2019 with 31 transactions, representing a 73.8% share for the region.

In second place was private equity with eight deals, followed by venture financing deals with three transactions, respectively capturing a 19.05% and 7.1% share of the overall deal activity for the month.

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In terms of value of deals, private equity was the leading category in North America’s metals & mining industry with $410.98m, while M&A and venture financing deals totalled $155.09m and $150.15m, respectively.

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

The top five metals & mining deals accounted for 82.6% of the overall value during June 2019.

The combined value of the top five metals & mining deals stood at $591.6m, against the overall value of $716.22m recorded for the month. The top announced metals & mining deal tracked by GlobalData in June 2019 was Pala Investments’ $373.59m private equity deal with Cobalt 27 Capital.

In second place was the $150m venture financing of DeepGreen Resources by Allseas Group and in third place was Eric Steven Sprott and Tocqueville Asset Management’s $25m private equity deal with Jaguar Mining.

The $22m acquisition of ECU Silver Mining by Compania Minera Autlan SAB de CV and Sailfish Royalty’s acquisition of Terraco Gold for $21.02m held fourth and fifth positions, respectively.

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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