Canada’s metals & mining industry saw a drop of 50.00% in overall deal activity during January 2021, when compared with the last 12-month average, led by Agnico Eagle Mines ‘ $303.35m acquisition of TMAC Resources , according to GlobalData’s deals database.
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A total of 30 deals worth $473.74m were announced in January 2021, compared with the 12-month average of 60 deals.
M&A was the leading category in the month in terms of volume with 28 deals, which accounted for 93.3% of all deals.
In second place was private equity with two deals accounting for 6.7% 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 $471.35m, followed by private equity deals totalled $2.38m.
Canada metals & mining industry deals in January 2021: Top deals
The top five metals & mining industry deals accounted for 96.7% of the overall value during January 2021.
The combined value of the top five metals & mining deals stood at $458.07m, against the overall value of $473.74m recorded for the month.
The top five metals & mining industry deals of January 2021 tracked by GlobalData were:
1) Agnico Eagle Mines’ $303.35m acquisition of TMAC Resources
5) Silver Mountain Mines’ acquisition of NevGold Resource for $7.25m.