North America’s metals & mining industry sees a rise of 34.6% in deal activity in Q2 2020

28 July 2020 (Last Updated July 28th, 2020 13:59)

North America’s metals & mining industry sees a rise of 34.6% in deal activity in Q2 2020

North America’s metals & mining industry saw a rise of 34.6% in overall deal activity during Q2 2020, when compared to the four-quarter average, according to GlobalData’s deals database.

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A total of 214 deals worth $3.03bn were announced for the region during Q2 2020, against the last four-quarter average of 159 deals.

Of all the deal types, M&A saw most activity in Q2 2020 with 197, representing a 92.1% share for the region.

In second place was venture financing with 13 deals, followed by private equity deals with four transactions, respectively capturing a 6.1% and 1.9% share of the overall deal activity for the quarter.

In terms of value of deals, M&A was the leading category in North America’s metals & mining industry with $2.96bn, while private equity and venture financing deals totalled $66.55m and $5.76m, respectively.

North America metals & mining industry deals in Q2 2020: Top deals

The top five metals & mining deals accounted for 84.9% of the overall value during Q2 2020.

The combined value of the top five metals & mining deals stood at $2.58bn, against the overall value of $3.03bn recorded for the quarter.

The top five metals & mining industry deals of Q2 2020 tracked by GlobalData were:

1) The merger of Alacer Gold and SSR Mining for $1.78bn

2) The $253.01m acquisition of TMAC Resources by Shandong Gold Mining

3) Zijin Mining Group’s $238.74m acquisition of Guyana Goldfields

4) The $160.94m acquisition of Guyana Goldfields by Silvercorp Metals

5) BW Gold’s asset transaction with New Gold for $141.79m

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.