Canada - English

Details

  • Service: Audit, Advisory
  • Industry: Mining
  • Type: Business and industry issue
  • Date: 2/10/2014

Mining M&A Quarterly Newsletter - Fourth Quarter 

This quarterly publication presents a current snapshot of the M&A market, providing a review of select key transactions while focusing on the rationale behind those deals as trends take shape. It highlights Canadian transactions, but set in the context of global M&A deals and trends.

M&A activity in the fourth quarter seemed to break the spell of four consecutive quarters of decline in both deal value and deal volume. Canadian and global trends moved in close parallel, posting results that resembled Q2 2013 yet were significantly better than Q3. While most of the activity in Q3 focused on asset sales and strategic investments, activity in Q4 was more balanced between these objectives and some opportunistic deals that might be expected in a depressed market.

 

Coal transactions reappeared and became a strong influence in the quarter. Copper and gold prices continued to show a stabilizing trend that began mid-year, and only the TSX/S&P Global Gold Index seemed to be drawn downward as the year ended.

 

Lee A. Hodgkinson

Lee A. Hodgkinson

Partner, Audit & National Industry Leader, Mining

416-777-3414

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