North America’s metals & mining industry saw a drop of 6.98% in cross border deal activity  

Photo: Vangold Mining

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.