Metals & mining industry M&A deals in Q2 2019 total $1.23bn in US

16 July 2019 (Last Updated August 26th, 2019 08:53)

Metals & mining industry M&A deals in Q2 2019 total $1.23bn in US

Total metals & mining industry M&A deals in Q2 2019 worth $1.23bn were announced in the US, according to GlobalData’s deals database.

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The value marked an increase of 88% over the previous quarter and a drop of 53.6% when compared with the last four-quarter average of $2.64bn.

The US held a 19.5% share of the global metals & mining industry M&A deal value that totalled $6.28bn in Q2 2019.

In terms of deal activity, the US recorded 34 deals during Q2 2019, marking a drop of 12.8% over the previous quarter and a drop of 15% over the last four-quarter average.

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

The top five metals & mining industry M&A deals accounted for 98.4% of the overall value during Q2 2019.

The combined value of the top five metals & mining industry M&A deals stood at $1.21bn, against the overall value of $1.23bn recorded for the quarter. The top announced metals & mining industry M&A 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 $10.33m acquisition of Hunt Mining by Patagonia Gold and Centaurus Diamond Technologies’ asset transaction with Apache Mill Tailings USA for $10.08m 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.