Canada’s metals & mining industry sees a drop of 50.00% in deal activity in January 2021

22 February 2021 (Last Updated February 22nd, 2021 18:16)

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

2) The $111.79m acquisition of QMX Gold by Eldorado Gold

3) Nemesia’s $24.01m acquisition of Lundin Gold

4) The $11.67m asset transaction deal with Victory Nickel by Silver Elephant Mining

5) Silver Mountain Mines’ acquisition of Nevgold Resource for $7.25m.

Visit our ‘Mining Deals Dashboard’ for the latest trends in M&A, PE, and VC activity, top deals and advisory league tables in the mining industry.