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.