Metals & Mining industry M&A deals total $554.13m in North America in January 2021

23 February 2021 (Last Updated February 23rd, 2021 13:09)

Total metals & mining industry M&A deals worth $554.13m were announced in North America in January 2021, led by Agnico Eagle Mines’ $303.35m acquisition of TMAC Resources, according to GlobalData’s deals database.

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The value marked a decrease of 81.3% over the previous month of $2.96bn and a drop of 61.8% when compared with the last 12-month average of $1.45bn.

North America held a 19.79% share of the global metals & mining industry M&A deal value that totalled $2.8bn in January 2021. With a 16.83% share and deals worth $471.35m, Canada was the top country in North America’s M&A deal value across metals & mining industry.

In terms of M&A deal activity, North America recorded 38 deals during January 2021, marking a decrease of 46.48% over the previous month and a drop of 48.65% over the 12-month average. Canada recorded 28 deals during the month.

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

The top five metals & mining industry M&A deals accounted for 96.2% of the overall value during January 2021.

The combined value of the top five metals & mining deals stood at $532.81m, against the overall value of $554.13m 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) Qiangda Investments & Economics &’s $82m asset transaction with Asia Metals

4) The $24.01m acquisition of Lundin Gold by Nemesia

5) Silver Elephant Mining’s asset transaction with Victory Nickel for $11.67m.

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.