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  1. Deals Analysis
May 6, 2021

Canada’s metals & mining sees a drop of 6.67% in deal activity in Q1 2021

Led by $570m acquisition of Jerritt Canyon Gold, Canada’s metals & mining industry saw a drop of 6.67% in overall deal activity during Q1 2021, when compared with the last four-quarter average, according to GlobalData’s deals database.

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A total of 168 deals worth $2.54bn were announced in Q1 2021, compared with the last four-quarter average of 180 deals.

M&A was the leading category in the quarter with 156 deals which accounted for 92.9% of all deals.

In second place was private equity with 11 deals, followed by venture financing with one transactions, respectively accounting for 6.6% and 0.6% of overall deal activity in the Canada’s metals & mining industry during the quarter.

In terms of value of deals, M&A was the leading deal category in Canada’s metals & mining industry with total deals worth $2.45bn, while private equity and venture financing deals totalled $84.34m and $0.02m, respectively.

Canada metals & mining industry deals in Q1 2021: Top deals

The top five metals & mining industry deals accounted for 69% of the overall value during Q1 2021.

The combined value of the top five metals & mining deals stood at $1.75bn, against the overall value of $2.54bn recorded for the quarter.

The top five metals & mining industry deals of Q1 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) Agnico Eagle Mines’ $303.35m acquisition of TMAC Resources

4) The $290m asset transaction deal with Capstone Mining by Wheaton Precious Metals International

5) Evolution Mining’s acquisition of Battle North Gold for $274.4m.

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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