Total metals & mining industry M&A deals in Q2 2020 worth $2.92bn were announced in Canada, according to GlobalData’s deals database.
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The value marked a decrease of 14% over the previous quarter and a drop of 8% when compared with the last four-quarter average of $3.17bn.
Canada held a 33% share of the global metals & mining industry M&A deal value that totalled $8.86bn in Q2 2020.
In terms of deal activity, Canada recorded 151 deals during Q2 2020, marking a rise of 25.8% over the previous quarter and a rise of 57.3% over the last four-quarter average.
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By GlobalDataCanada metals & mining industry M&A deals in Q2 2020: Top deals
The top five metals & mining industry M&A deals accounted for 88.2% of the overall value during Q2 2020.
The combined value of the top five metals & mining M&A deals stood at $2.58bn, against the overall value of $2.92bn recorded for the month.
The top five metals & mining industry deals of Q2 2020 tracked by GlobalData were:
1) The merger of Alacer Gold and SSR Mining for $1.78bn
2) The $253.01m acquisition of TMAC Resources by Shandong Gold Mining
3) Zijin Mining Group‘s $238.74m acquisition of Guyana Goldfields
4) The $160.94m acquisition of Guyana Goldfields by Silvercorp Metals
5) BW Gold’s asset transaction with New Gold for $141.79m.
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.