North America cross border mining deals total $2.4bn in Q4 – report

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’s average, according to the latest analysis from GlobalData.

A total of 40 cross border deals worth $2.4 billion 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 the most activity in Q4 2020 with 38, representing a 95% share for the region, led by Endeavour Mining’s $1.86 billion acquisition of Teranga Gold.

The remaining deals comprised one private equity deal and a venture financing deal, each capturing a 2.5% share of the overall cross border deal activity for the quarter.

In terms of the value of cross border deals, M&A was the leading category in Canada’s metals & mining industry with $2.39 billion, followed by venture financing deals totalling $1.96 million.

The top five metals & mining cross border deals accounted for a 97.6% share of the overall value during Q4 2020, with a combined value of $2.34 billion.

The top five cross border deals of Q4 2020 tracked by GlobalData were:

• Endeavour Mining’s $1.86 billion acquisition of Teranga Gold;
• The $225 million acquisition of Greenstone Gold Mines GP by Orion Mine Finance;
• Magris Resources’ $223 million acquisition of Imerys Talc America, Imerys Talc Canada and Imerys Talc Vermont;
• The $18 million asset transaction deal with Endeavour Silver by Vangold Mining;
• Champion Iron’s asset transaction with Deloitte Restructuring for $15 million.