Houston — North America’s metals & mining industry saw a rise of 34.6% in overall deal activity during Q2 2020, when compared to the four-quarter average, according to GlobalData’s deals database.
A total of 214 deals worth $3.03bn were announced for the region during Q2 2020, against the last four-quarter average of 159 deals.
Of all the deal types, M&A saw most activity in Q2 2020 with 197, representing a 92.1% share for the region.
In second place was venture financing with 13 deals, followed by private equity deals with four transactions, respectively capturing a 6.1% and 1.9% share of the overall deal activity for the quarter.
In terms of value of deals, M&A was the leading category in North America’s metals & mining industry with $2.96bn, while private equity and venture financing deals totalled $66.55m and $5.76m, respectively.
North America metals & mining industry deals in Q2 2020: Top deals
The top five metals & mining deals accounted for 84.9% of the overall value during Q2 2020.
The combined value of the top five metals & mining deals stood at $2.58bn, against the overall value of $3.03bn recorded for the quarter.
The top five metals & mining industry deals of Q2 2020 tracked by GlobalData were:
– The merger of Alacer Gold and SSR Mining for $1.78bn
– The $253.01m acquisition of TMAC Resources by Shandong Gold Mining
– Zijin Mining Group’s $238.74m acquisition of Guyana Goldfields
– The $160.94m acquisition of Guyana Goldfields by Silvercorp Metals
– BW Gold’s asset transaction with New Gold for $141.79m