US metals & mining industry sees a rise of 9.5% in deal activity in Q2 2020

Photo: Evrim Resources

The US metals & mining industry saw a rise of 9.5% in overall deal activity during Q2 2020, when compared with the last four-quarter average, according to GlobalData’s deals database.

A total of 46 deals worth $1.84bn were announced in Q2 2020, compared to the last four-quarter average of 42 deals.

M&A was the leading category in the quarter with 42 deals which accounted for 91.3% of all deals.

In second place was venture financing with four deals, accounting for 8.7% of overall deal activity in the country’s metals & mining industry during the quarter.

In terms of value of deals, M&A was the leading deal category in the US metals & mining industry with total deals worth $1.83bn, followed by private equity deals totalled $5.19m.

The US metals & mining industry deals in Q2 2020: Top deals

The top five metals & mining deals accounted for 99.1% of the overall value during Q2 2020.

The combined value of the top five metals & mining deals stood at $1.82bn, against the overall value of $1.84bn recorded for the month.

The top five metals & mining industry deals of Q2 2020 tracked by GlobalData were:

- ‘s $1.78bn merger of Alacer Gold and SSR Mining

- The $23.78m merger of Evrim Resources and Renaissance Gold by

- Metalla Royalty and Streaming’s $5.77m asset transaction with

- The $4m acquisition of Idaho North Resources by Metalla Royalty and Streaming

- Greenpro Capital’s acquisition of Millennium Sapphire for $4m.