• Service: Tax, Mergers & Acquisitions
  • Type: Regulatory update
  • Date: 5/15/2014

Canada - Mining M&A activity, first quarter 2014 

May 15:  A KPMG report reviewing mining-related mergers and acquisition (M&A) activity for the first quarter (Q1) of 2014 focuses on certain key transactions—and highlights Canadian transactions.

Globally, deal value and deal volume shrank back to levels experienced in Q3 2013.

  • Canada, however, “bucked” the global trend by recording its third successive quarter of gains in deal value.
  • Deal volume in Canada fell to a two-year low in Q1; thus, it follows that some of these deals were major.

Gold was the commodity of interest by an overwhelming margin. Gold prices were up 7% over the quarter, and the TSX/S&P Global Gold Index was also up by a solid 16%. Copper prices slipped 10% to their lowest point in over a year.

Read a May 2014 report prepared by the KPMG member firm in Canada: Mining M&A Quarterly Newsletter - First Quarter 2014

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