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  1. Deals Analysis
May 25, 2021

Canada’s metals & mining industry sees a drop of 30.16% in deal activity in April 2021

Canada’s metals & mining industry saw a drop of 30.16% in overall deal activity during April 2021, when compared with the last 12-month average, led by Fortuna Silver Mines’ $881.5m acquisition of Roxgold, according to GlobalData’s deals database.

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A total of 44 deals worth $980m were announced in April 2021, compared with the 12-month average of 63 deals.

M&A was the leading category in the month in terms of volume with 42 deals, which accounted for 95.5% of all deals.

In second place was private equity with one deals, followed by venture financing with one transactions, respectively accounting for 2.3% and 2.3% of overall deal activity in the Canada’s technology industry during the month.

In terms of value of deals, M&A was the leading deal category in Canada’s metals & mining industry with total deals worth $972.36m, while private equity and venture financing deals totalled $7.6m and $0.01m respectively.

Canada metals & mining industry deals in April 2021: Top deals

The top five metals & mining industry deals accounted for 98.3% of the overall value during April 2021.

The combined value of the top five metals & mining deals stood at $963.72m, against the overall value of $980m recorded for the month.

The top five metals & mining industry deals of April 2021 tracked by GlobalData were:

1) Fortuna Silver Mines’ $881.5m acquisition of Roxgold

2) The $50m asset transaction for Getchell Project by i-80 Gold

3) Stratabound Minerals’ $14.67m acquisition of California Gold Mining

4) The $9.95m acquisition deal with JCU (Canada) ExplorationLtd. by UEX

5) Aldebaran Resources-Management Team, Route One Investment Company and Sibanye Stillwater’s private equity with Aldebaran Resources for $7.6m.

Related Companies

Verdict deals analysis methodology

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.

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