US metals & mining industry sees a flat growth in deal activity in Q2 2019

The US metals & mining industry saw a flat growth in overall deal activity during Q2 2019, when compared with the last four-quarter average, according to GlobalData’s deals database.

A total of 46 deals worth $1.28bn were announced in Q2 2019, compared to the last four-quarter average of 46 deals.

M&A was the leading category in the quarter with 34 deals which accounted for 73.9% of all deals.

In second place was private equity with six deals, followed by venture financing with six transactions, respectively accounting for 13.04% and 13.04% of overall deal activity in the country’s metals & mining industry during the quarter.

In terms of value of deals, M&A was the leading deal category in the US metals & mining industry with total deals worth $1.23bn, while private equity and venture financing deals totalled $36.21m and $18.75m, respectively.

The US metals & mining industry deals in Q2 2019: Top deals

The top five metals & mining deals accounted for 94.2% of the overall value during Q2 2019.

The combined value of the top five metals & mining industry deals stood at $1.21bn, against the overall value of $1.28bn recorded for the quarter. The top announced US metals & mining industry deal tracked by GlobalData in Q2 2019 was Wieland-Werke’s $1.14bn acquisition of Global Brass and Copper.

In second place was the $25m asset transaction with Americas Silver by Sandstorm Gold and in third place was SSR Mining’s $16.73m asset transaction with Fairmile Goldtech and Newmont Goldcorp.

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.

 

Visit our ‘Mining Deals Dashboard’ for the latest trends in M&A, PE, and VC activity, top deals and advisory league tables in the mining industry.