Canada’s metals & mining industry sees 5.4% drop in deal activity in January
The Canadian metals and mining industries saw a 5.4% decline in total business activity in January 2020 as compared to the 12-month average. This is evident from the GlobalData business database.
In January 2020, a total of 35 deals worth $ 43.61 million were announced, compared to the 12-month average of 37 deals.
M&A was the volume-leading category of the month with 32 transactions, accounting for 91.4% of all transactions, followed by private equity with three transactions, which accounted for 8.6% of total business in the country’s metal and mining industries during the month accounted for.
In terms of the value of the transactions, M&A was the leading deal category in the Canadian metal and mining industry with a total volume of USD 23.37 million, while private equity transactions amounted to USD 20.24 million.
Offers from the Canadian metal and mining industry in January 2020: Top offers
The top five businesses in the metal and mining industries accounted for 73.7% of the total in January 2020.
The top five metal and mining businesses totaled $ 32.12 million compared to $ 43.61 million for the month.
The five top deals of the metal and mining industry pursued by GlobalData in January 2020 were:
- Portal Capital’s $ 17.8 million private equity deal with North American helium
- The $ 7.12 million asset transaction with Legore Metals and Resources Jessie of Dore Copper Mining
- Palisades Goldcorp’s acquisition of Mexican Gold Mining for $ 2.61 million
- The $ 2.43 million asset transaction with First Mining Gold from Auteco Minerals
- Pacton Gold’s asset transaction with TomaGold for $ 2.16 million.
