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Vulcan
Vulcan
November 05, 2019

Canada's metals & mining industry sees a drop of 17.5% in deal activity in September 2019

Canada's metals & mining industry saw a drop of 17.5% in overall deal activity during September 2019, when compared with the last 12-month average, according to GlobalData’s deals database.

Canada's metals & mining industry sees a drop of 17.5% in deal activity in September 2019

4th November 2019 - Canada’s metals & mining industry saw a drop of 17.5% in overall deal activity during September 2019, when compared with the last 12-month average, according to GlobalData’s deals database.

A total of 33 deals worth $383.35m were announced in September 2019, compared to the 12-month average of 40 deals.

M&A was the leading category in the month in terms of volume with 28 deals which accounted for 84.9% of all deals, followed by private equity with five deals which accounted for 15.1% of overall deal activity in the country’s metals & mining industry.

In terms of value of deals, M&A was the leading deal category in Canada’s metals & mining industry with total deals worth $368.39m, followed by private equity deals totalled $14.96m.

Canada metals & mining industry deals in September 2019: Top deals

The top five metals & mining industry deals accounted for 94.6% of the overall value during September 2019.

The combined value of the top five metals & mining deals stood at $362.7m, against the overall value of $383.35m recorded for the month.

The top five metals & mining industry deals of September 2019 tracked by GlobalData were:

  1. Osisko Gold Royalties’ $254.73m acquisition of Barkerville Gold Mines
  2. The $53.08m acquisition of Core Gold by Titan Minerals
  3. Pretium Exploration’s $41.3m asset transaction with Osisko Bermuda
  4. The $7.55m acquisition of Legendary Ore Mining by Lakefield Marketing
  5. RCF VI CAD’s private equity deal with NorZinc for $6.04m.