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    Home » N/America’s metals & mining industry records 6.98% drop in cross border deal activity

    N/America’s metals & mining industry records 6.98% drop in cross border deal activity

    February 22, 2021
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    Teranga Gold mine

     Lagos — Led by Endeavour Mining’s $1.86bn acquisition of Teranga Gold, North America’s metals & mining industry saw a drop of 6.98% in cross border deal activity during Q4 2020, when compared to the last four-quarter average, according to GlobalData’s deals database.

    A total of 40 cross border deals worth $2.4bn were announced for the region during Q4 2020, against the last four-quarter average of 43 deals.

    Of all the deal types, M&A saw most activity in Q4 2020 with 38, representing a 95% share for the region.

    In second place was private equity with one deals, followed by venture financing deals with one transactions, respectively capturing a 2.5% and 2.5% share of the overall cross border deal activity for the quarter.

    In terms of value of cross border deals, M&A was the leading category in Canada’s metals & mining industry with $2.39bn, followed by venture financing deals totalled $1.96m.

    North America metals & mining industry cross border deals in Q4 2020: Top deals

    The top five metals & mining cross border deals accounted for a 97.6% share of the overall value during Q4 2020.

    The combined value of the top five cross border deals stood at $2.34bn, against the overall value of $2.4bn recorded for the quarter.

    The top five metals & mining industry cross border deals of Q4 2020 tracked by GlobalData were:
    – Endeavour Mining’s $1.86bn acquisition of Teranga Gold
    – The $225m acquisition of Greenstone Gold Mines GP by Orion Mine Finance
    – Magris Resources’ $223m acquisition of Imerys Talc America, Imerys Talc Canada and Imerys Talc Vermont
    – The $18m asset transaction deal with Endeavour Silver by Vangold Mining
    – Champion Iron’s asset transaction with Deloitte Restructuring for $15m.

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