Ecuador court gives green light for Silvercorp, Salazar’s El Domo project
The ruling removes the last major obstacle for the $250 million project, located 150 km northeast of Guayaquil.
Canada’s metals and mining industry saw a drop of 17.5% in overall deal activity during September 2019, when compared with the last 12-month average, a new report reveals.
The document, prepared by market intelligence firm GlobalData, presents a review of all deals the industry registered in September.
A total of 33 deals worth C$383.35 million were announced during the ninth month of the year. This result is seven deals below the 12-month average of 40 deals per month.
“M&A was the leading category in the month in terms of volume with 28 deals which accounted for 84.9% of all deals, followed by private equity with five deals which accounted for 15.1% of overall deal activity in the country’s metals & mining industry,” the report states.
According to GlobalData, in terms of the value of deals, M&A was the leading deal category with total deals worth $368.39 million, followed by private equity deals, which totalled $14.96 million.
The analysis also shows that the top five deals accounted for 94.6% of the overall value during September 2019, which adds up to $362.7 million. These five deals were Osisko Gold Royalties’ $254.73-million acquisition of Barkerville Gold Mines; the $53.08-million acquisition of Core Gold by Titan Minerals; Pretium Exploration’s $41.3-million asset transaction with Osisko Bermuda; the $7.55-million acquisition of Legendary Ore Mining by Lakefield Marketing; and RCF VI CAD’s private equity deal with NorZinc for $6.04 million.
