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  1. Deals Analysis
May 12, 2021

Metals & Mining industry cross border M&A deals total $1.28bn in North America in Q1 2021

Total metals & mining industry cross border M&A deals worth $1.28bn were announced in North America in Q1 2021, led by Newmont’s $311m acquisition of GT Gold, according to GlobalData’s deals database.

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The value marked a decrease of 46.7% over the previous quarter and a drop of 37.6% when compared with the last four-quarter average of $2.05bn.

North America held a 44.60% share of the global metals & mining industry cross border M&A deal value that totalled $2.87bn in Q1 2021. With a 40.77% share and deals worth $1.17bn, Canada was the top country in North America’s cross border M&A deal value across metals & mining industry.

In terms of deal activity, North America recorded 43 cross border deals during Q1 2021, marking an increase of 13.16% over the previous quarter and a flat growth over the last four-quarter average. The US recorded 21 deals during the quarter.

North America metals & mining industry cross border M&A deals in Q1 2021: Top deals

The top five metals & mining industry cross border M&A deals accounted for 76.7% of the overall value during Q1 2021.

The combined value of the top five cross border M&A deals stood at $981.41m, against the overall value of $1.28bn recorded for the quarter.

The top five metals & mining industry cross border deals of Q1 2021 tracked by GlobalData were:

1) Newmont’s $311m acquisition of 85.1% stake in GT Gold

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

3) Evolution Mining’s $274.4m acquisition of Battle North Gold

4) The $82m acquisition of Asia Metals by Qiangda Investments & Economics &

5) Nemesia’s asset transaction with Lundin Gold for $24.01m.

Related Companies

Verdict deals analysis methodology

This analysis considers only announced and completed cross border 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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