North America’s metals & mining industry sees a rise of 3.6% in deal activity in May 2019

20 June 2019 (Last Updated June 20th, 2019 13:01)

North America’s metals & mining industry sees a rise of 3.6% in deal activity in May 2019

North America’s metals & mining industry saw a rise of 3.6% in deal activity during May 2019, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 58 metals & mining industry deals worth $908.23m were announced for the region in May 2019, against the 12-month average of 56 deals.

Of all the deal types, M&A saw most activity in May 2019 with 49 transactions, representing an 84.5% share for the region.

In second place was private equity with seven deals, followed by venture financing deals with two transactions, respectively capturing a 12.1% and 3.5% 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 $863.48m, while private equity and venture financing deals totalled $42m and $2.76m, respectively.

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

The top five metals & mining deals accounted for 90.7% of the overall value during May 2019.

The combined value of the top five metals & mining deals stood at $823.96m, against the overall value of $908.23m recorded for the month. The top announced metals & mining deal tracked by GlobalData in May 2019 was St. Barbara’s $596.22m acquisition of Atlantic Gold.

In second place was the $156.69m stake acquisition of Quebec Iron Ore by Champion Iron and in third place was Discovery Metals’ $49.43m acquisition of Levon Resources.

The $11.29m private equity deal with Nevada Copper by Castlelake and Patagonia Gold’s acquisition of Hunt Mining for $10.33m 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.