Metals & mining industry M&A deals in Q2 2020 total $1.83bn in US

27 July 2020 (Last Updated July 27th, 2020 13:20)

Metals & mining industry M&A deals in Q2 2020 total $1.83bn in US

Total metals & mining industry M&A deals in Q2 2020 worth $1.83bn were announced in the US, according to GlobalData’s deals database.

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The value marked an increase of 65.5% over the previous quarter and a rise of 11.9% when compared with the last four-quarter average of $1.64bn.

The US held a 20.7% share of the global metals & mining industry M&A deal value that totalled $8.86bn in Q2 2020.

In terms of deal activity, the US recorded 42 deals during Q2 2020, marking a rise of 35.5% over the previous quarter and a rise of 20% over the last four-quarter average.

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

The top five metals & mining industry M&A deals accounted for 99.4% of the overall value during Q2 2020.

The combined value of the top five metals & mining M&A deals stood at $1.82bn, against the overall value of $1.83bn 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.