Metals & Mining industry M&A deals total $471.35m in Canada in January 2021

22 February 2021 (Last Updated February 22nd, 2021 18:20)

Total metals & mining industry M&A deals worth $471.35m were announced in Canada in January 2021, with Agnico Eagle Mines’ $303.35m acquisition of TMAC Resources being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked a decrease of 78.1% over the previous month of $2.15bn and a drop of 49.5% when compared with the last 12-month average of $933.94m.

Canada held a 16.83% share of the global metals & mining industry M&A deal value that totalled $2.8bn in January 2021.

In terms of M&A deal activity, the Canada recorded 28 deals during January 2021, marking a decrease of 46.15% over the previous month and a drop of 50.88% over the 12-month average.

Canada metals & mining industry M&A deals in January 2021: Top deals

The top five metals & mining industry M&A deals accounted for 97.2% of the overall value during January 2021.

The combined value of the top five metals & mining M&A deals stood at $458.07m, against the overall value of $471.35m recorded for the month.

The top five metals & mining industry M&A deals of January 2021 tracked by GlobalData were:

1) Agnico Eagle Mines’ $303.35m acquisition of TMAC Resources

2) The $111.79m acquisition of QMX Gold by Eldorado Gold

3) Nemesia’ $24.01m acquisition of Lundin Gold.

4) The $11.67m asset transaction with Victory Nickel by Silver Elephant Mining

5) Silver Mountain Mines’ acquisition of Nevgold Resource for $7.25m.

Visit our ‘Mining Deals Dashboard’ for the latest trends in M&A, PE, and VC activity, top deals and advisory league tables in the mining industry.