Canada’s metals & mining industry M&A deals total $686.45m in Q3 2020

Photo: Kirkland Lake Gold

Total metals & mining industry M&A deals in Q3 2020 worth $686.45m were announced in Canada, according to GlobalData’s deals database.

 

The value marked a decrease of 76.7% over the previous quarter and a drop of 81.2% when compared with the last four-quarter average of $3.65bn.

 

Canada held a 9.5% share of the global metals & mining industry M&A deal value that totalled $7.21bn in Q3 2020.

 

In terms of deal activity, Canada recorded 213 deals during Q3 2020, marking a rise of 37.4% over the previous quarter and a rise of 90.2% over the last four-quarter average.

 

Canada metals & mining industry M&A deals in Q3 2020: Top deals

The top five metals & mining industry M&A deals accounted for 50.8% of the overall value during Q3 2020.

 

The combined value of the top five metals & mining M&A deals stood at $348.91m, against the overall value of $686.45m recorded for the month.