Total metals & mining industry M&A deals worth $2.01bn were announced globally in March 2021, led by First Majestic Silver’s $570m acquisition of Jerritt Canyon Gold, according to GlobalData’s deals database.
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The value marked a decrease of 32.6% over the previous month of $2.98bn and a drop of 56.5% when compared with the last 12-month average, which stood at $4.62bn.
Comparing M&A deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $1.61bn. At the country level, the Canada topped the list in terms of deal value at $1.6bn.
In terms of volumes, North America emerged as the top region for metals & mining industry M&A deals globally, followed by Asia-Pacific and then Europe.
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The top country in terms of M&A deals activity in March 2021 was Canada with 62 deals, followed by the Australia with 21 and the UK with five.
In 2021, as of March, metals & mining M&A deals worth $8.94bn were announced globally, marking an increase of 29.2% year on year.
metals & mining industry M&A deals in March 2021: Top deals
The top five M&A deals accounted for 77.9% of the overall value during March 2021.
The combined value of the top five metals & mining M&A deals stood at $1.56bn, against the overall value of $2.01bn recorded for the month.
The top five metals & mining industry M&A 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 of Battle North Gold by Evolution Mining
5) JSW Steel’s asset transaction with Welspun for $115.65m.