Total metals & mining industry M&A deals worth $774m were announced in Canada in November 2022, with Triple Flag Precious Metals’ $606m acquisition of Maverix Metals being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked an increase of 288.9% over the previous month of $198.99m and a drop of 54.5% when compared with the last 12-month average of $1.7bn.

Canada held a 45.00% share of the global metals & mining industry M&A deal value that totalled $1.72bn in November 2022.

In terms of M&A deal activity, the Canada recorded 38 deals during November 2022, marking an increase of 5.56% over the previous month and a drop of 5.00% over the 12-month average.

Canada metals & mining industry M&A deals in November 2022: Top deals

The top five metals & mining industry M&A deals accounted for 99.3% of the overall value during November 2022.

The combined value of the top five metals & mining M&A deals stood at $768.24m, against the overall value of $774m recorded for the month.

The top five metals & mining industry M&A deals of November 2022 tracked by GlobalData were:

1) Triple Flag Precious Metals’s $606m acquisition deal with Maverix Metals

2) The $115.1m acquisition of 1361516 B.C. by Li-FT Power

3) Sayona Quebec’s $30.09m asset transaction deal with Troilus Gold

4) The $14.82m acquisition of Karus Gold by Kenadyr Mining

5) Atlas One Capital’s $2.22m acquisition deal with Zodiac Gold