The combined value of mining M&A and capital raising deals increased by 19.1% to $86.8bn in 2019. Major drivers behind the global upswing was a significant increase in capital raised through the private placement of debt and equity, coupled with strong acquisition rates.

Deal values in Canada were the highest globally with $28bn worth of investments; more than double compared with $12bn in 2018. This was mainly due to the Newmont takeover of Goldcorp and the Barrick and Randgold merger, worth a combined $16bn. Meanwhile, mining deals in the US and China declined from $9bn and $14bn to $8bn and $6bn respectively.

Other countries amongst the top five were US, Switzerland, Australia and Chile, where a combined $27.9bn worth of deals were completed during 2019. Globally, private placements of debt and equity and 100% acquisitions collectively accounted for over 52% of the total value of completed deals – significantly higher compared with 28% in 2018.

Katanga Mining raised $5.8bn during the fourth quarter of 2019, which was the third-largest deal globally. The largest announced deal was Kirkland Lake Gold’s plan to acquire all of the issued and outstanding securities of Detour Gold Corp. for $3.8bn. On January 28, 2020, Kirkland shareholders had approved the acquisition.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.