Canada’s metals & mining industry saw a rise of 8.20% in overall deal activity during March 2021, when compared with the last 12-month average, led by First Majestic Silver’s $570m acquisition of Jerritt Canyon Gold, according to GlobalData’s deals database.
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A total of 66 deals worth $1.68bn were announced in March 2021, compared with the 12-month average of 61 deals.
M&A was the leading category in the month in terms of volume with 62 deals, which accounted for 93.9% of all deals.
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In second place was private equity with four deals accounting for 6.1% 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 $1.6bn, followed by private equity deals totalled $74.14m.
Canada metals & mining industry deals in March 2021: Top deals
The top five metals & mining industry deals accounted for 89.5% of the overall value during March 2021.
The combined value of the top five metals & mining deals stood at $1.5bn, against the overall value of $1.68bn recorded for the month.
The top five metals & mining industry deals of March 2021 tracked by GlobalData were:
1) First Majestic Silver’s $570m acquisition of Jerritt Canyon Gold
2) The $311m acquisition of GT Gold by Newmont
3) Wheaton Precious Metals International’s $290m asset transaction with Capstone Mining
4) The $274.4m acquisition deal with Battle North Gold by Evolution Mining
5) Augusta Investments’ private equity with Solaris Resources for $55.6m.