Canada’s metals & mining industry saw a drop of 20.5% in overall deal activity during April 2019, when compared with the last 12-month average, according to GlobalData’s deals database.
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A total of 31 deals worth $38.06m were announced in April 2019, compared to the 12-month average of 39 deals.
M&A was the leading category in the month in terms of volume with 26 deals which accounted for 83.9% of all deals.
In second place was private equity with three deals, followed by venture financing with two transactions, respectively accounting for 9.7% and 6.5% of overall deal activity in the country’s metals & mining industry during the month.
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By GlobalDataIn terms of value of deals, M&A was the leading deal category in Canada’s metals & mining industry with total deals worth $32.01m, while private equity and venture financing deals totalled $6.03m and $0.02m, respectively.
Canada metals & mining industry deals in April 2019: Top deals
The top five metals & mining industry deals accounted for 90.6% of the overall value during April 2019.
The combined value of the top five metals & mining industry deals stood at $34.46m, against the overall value of $38.06m recorded for the month. The top announced Canada metals & mining industry deal tracked by GlobalData in April 2019 was ePower Metals’ $10.9m asset transaction with Minera Alamos.
In second place was the $8.6m asset transaction with Alamos Gold by Metalla Royalty and Streaming and in third place was Fortune Future’s $6.01m private equity deal with Gowest Gold.
The $6m asset transaction with American Pacific Mining by OceanaGold and Voltaic Minerals’ acquisition of 1146915 B.C. for $2.96m held fourth and fifth positions, respectively.
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.