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  1. Deals Analysis
April 22, 2020

North America’s metals & mining industry sees a rise of 1.8% in deal activity in Q1 2020

North America’s metals & mining industry saw a rise of 1.8% in overall deal activity during Q1 2020, when compared to the four-quarter average, according to GlobalData’s deals database.

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A total of 167 deals worth $4.73bn were announced for the region during Q1 2020, against the last four-quarter average of 164 deals.

Of all the deal types, M&A saw most activity in Q1 2020 with 152, representing a 91.02% share for the region.

In second place was private equity with nine deals, followed by venture financing deals with six transactions, respectively capturing a 5.4% and 3.6% share of the overall deal activity for the quarter.

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In terms of value of deals, M&A was the leading category in North America’s metals & mining industry with $4.36bn, while private equity and venture financing deals totalled $341.52m and $23.5m, respectively.

North America metals & mining industry deals in Q1 2020: Top deals

The top five metals & mining deals accounted for 80.4% of the overall value during Q1 2020.

The combined value of the top five metals & mining deals stood at $3.8bn, against the overall value of $4.73bn recorded for the quarter.

The top five metals & mining industry deals of Q1 2020 tracked by GlobalData were:

1) Stone Canyon Industries Holdings’ $2bn asset transaction with Kissner Group Holdings, Metalmark Capital Holdings and Silvertree-KMC II

2) The $696.27m acquisition of Semafo by Endeavour Mining

3) Mudrick Capital Acquisition’s $537m asset transaction with Hycroft Mining

4) The $300m private equity deal with New Gold by Ontario Teachers’ Pension Plan

5) Guerrero Ventures’ asset transaction with Orion Resource Partners (USA) for $268m.

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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