Total metals & mining industry M&A deals worth $790.7m were announced in North America in November 2022, led by Triple Flag Precious Metals’ $606m acquisition of Maverix Metals, according to GlobalData’s deals database.
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The value marked an increase of 281.5% over the previous month of $207.28m and a drop of 63.05% when compared with the last 12-month average of $2.14bn.
North America held a 45.97% share of the global metals & mining industry M&A deal value that totalled $1.72bn in November 2022. With a 45.00% share and deals worth $773.95m, 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 46 deals during November 2022, marking a decrease of 2.13% over the previous month and a drop of 13.21% over the 12-month average. Canada recorded 38 deals during the month.
North America metals & mining industry M&A deals in November 2022: Top deals
The top five metals & mining industry M&A deals accounted for 98.2% of the overall value during November 2022.
The combined value of the top five metals & mining deals stood at $776.01m, against the overall value of $790.7m 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) Gold 50’s $10m asset transaction deal with White Caps Gold Mining