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Canada’s metals & mining industry sees a drop of 5.4% in deal activity in January 2020

Canada’s metals & mining industry saw a drop of 5.4% in overall deal activity during January 2020, when compared with the last 12-month average, according to GlobalData’s deals database.

2017 04 20 114457A total of 35 deals worth $43.61m were announced in January 2020, compared to the 12-month average of 37 deals.

M&A was the leading category in the month in terms of volume with 32 deals which accounted for 91.4% of all deals, followed by private equity with three deals accounted for 8.6% of overall deal activity in the country’s metals & mining industry during the month.

In terms of value of deals, M&A was the leading deal category in Canada’s metals & mining industry with total deals worth $23.37m, while private equity deals totalled $20.24m.

Canada metals & mining industry deals in January 2020: Top deals

The top five metals & mining industry deals accounted for 73.7% of the overall value during January 2020.

The combined value of the top five metals & mining deals stood at $32.12m, against the overall value of $43.61m recorded for the month.

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

  • Portal Capital’s $17.8m private equity deal with North American Helium
  • The $7.12m asset transaction with Legault Metals and Ressources Jessie by Dore Copper Mining
  • Palisades Goldcorp’s $2.61m acquisition of Mexican Gold Mining
  • The $2.43m asset transaction with First Mining Gold by Auteco Minerals
  • Pacton Gold’s asset transaction with TomaGold for $2.16m.

This analysis considers only announced and completed deals from the GlobalData financial deals database and exclude all terminated and rumored 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. 

About GlobalData 

4,000 of the world’s largest companies, including over 70% of FTSE 100 and 60% of Fortune 100 companies, make more timely and better business decisions thanks to GlobalData’s unique data, expert analysis, and innovative solutions, all in one platform. GlobalData’s mission is to help our clients decode the future to be more successful and innovative across a range of industries, including the healthcare, consumer, retail, technology, energy, financial and professional services sectors.