Total metals & mining industry M&A deals in Q1 2020 worth $1.07bn were announced in the US, according to GlobalData’s deals database.
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The value marked a decrease of 72.6% over the previous quarter and a drop of 29.8% when compared with the last four-quarter average of $1.52bn.
The US held a 14.6% share of the global metals & mining industry M&A deal value that totalled $7.32bn in Q1 2020.
In terms of deal activity, the US recorded 31 deals during Q1 2020, marking a drop of 3.1% over the previous quarter and a drop of 18.4% over the last four-quarter average.
The US metals & mining industry M&A deals in Q1 2020: Top deals
The top five metals & mining industry M&A deals accounted for 99.5% of the overall value during Q1 2020.
The combined value of the top five metals & mining M&A deals stood at $1.06bn, against the overall value of $1.07bn recorded for the month.
The top five metals & mining industry deals of Q1 2020 tracked by GlobalData were:
1) Mudrick Capital Acquisition’s $537m asset transaction with Hycroft Mining
2) The $268m asset transaction with Orion Resource Partners (USA) by Guerrero Ventures
3) Kymera International’s $250m acquisition of Reading Alloys
4) The $5.92m acquisition of VEK Associates by Ely Gold Royalties
5) Blackrock Gold’s asset transaction with Nevada Select Royalty for $3m.
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.