US metals & mining industry sees a rise of 9.5% in deal activity in Q2 2020

The US metals & mining industry saw a rise of 9.5% in overall deal activity during Q2 2020, when compared with the last four-quarter average, according to GlobalData’s deals database.

A total of 46 deals worth $1.84bn were announced in Q2 2020, compared to the last four-quarter average of 42 deals.

M&A was the leading category in the quarter with 42 deals which accounted for 91.3% of all deals.

In second place was venture financing with four deals, accounting for 8.7% 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 $1.83bn, followed by private equity deals totalled $5.19m.

The US metals & mining industry deals in Q2 2020: Top deals

The top five metals & mining deals accounted for 99.1% of the overall value during Q2 2020.

The combined value of the top five metals & mining deals stood at $1.82bn, against the overall value of $1.84bn recorded for the month.

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

1) ‘s $1.78bn merger of Alacer Gold and SSR Mining

2) The $23.78m merger of Evrim Resources and Renaissance Gold by

3) Metalla Royalty and Streaming’s $5.77m asset transaction with

4) The $4m acquisition of Idaho North Resources by Metalla Royalty and Streaming

5) Greenpro Capital’s acquisition of Millennium Sapphire for $4m.

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.