North America’s metals & mining industry sees a rise of 68.8% in deal activity in Q3 2020

26 October 2020 (Last Updated October 26th, 2020 12:07)

North America’s metals & mining industry sees a rise of 68.8% in deal activity in Q3 2020

North America’s metals & mining industry saw a rise of 68.8% in overall deal activity during Q3 2020, when compared to the four-quarter average, according to GlobalData’s deals database.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the code below into your website to display the chart.

A total of 292 deals worth $2.41bn were announced for the region during Q3 2020, against the last four-quarter average of 173 deals.

Of all the deal types, M&A saw most activity in Q3 2020 with 280, representing a 95.9% share for the region.

In second place was private equity with ten deals, followed by venture financing deals with two transactions, respectively capturing a 3.4% and 0.7% 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 $2.35bn, while private equity and venture financing deals totalled $53.26m and $0.43m, respectively.

North America metals & mining industry deals in Q3 2020: Top deals

The top five metals & mining deals accounted for 72.6% of the overall value during Q3 2020.

The combined value of the top five metals & mining deals stood at $1.75bn, against the overall value of $2.41bn recorded for the quarter.

The top five metals & mining industry deals of Q3 2020 tracked by GlobalData were:

1) The $1.4bn asset transaction of ArcelorMittal USA by Cleveland-Cliffs

2) The $112.92m acquisition of Eastmain Resources by Auryn Resources

3) Maverix Metals’ $90m asset transaction with Newmont

4) The $75m asset transaction with Kirkland Lake Gold by Newmont

5) Kinross Gold’s asset transaction with Contango ORE and Royal Gold for $70.02m.

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.