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.