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Canada’s metals and mining industry deal activity drops 17.5% in September 2019

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Global Mining Review,

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 US$383.35 million 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 and mining industry.

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

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

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

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

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

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

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