Total metals & mining industry M&A deals worth $972.4m were announced in Canada in April 2021, with Fortuna Silver Mines’ $881.5m acquisition of Roxgold being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked a decrease of 39.2% over the previous month of $1.6bn and a rise of 12% when compared with the last 12-month average of $868.25m.
Canada held a 30.01% share of the global metals & mining industry M&A deal value that totalled $3.24bn in April 2021.
In terms of M&A deal activity, the Canada recorded 42 deals during April 2021, marking a decrease of 32.26% over the previous month and a drop of 30.00% over the 12-month average.
Canada metals & mining industry M&A deals in April 2021: Top deals
The top five metals & mining industry M&A deals accounted for 99% of the overall value during April 2021.
The combined value of the top five metals & mining M&A deals stood at $962.62m, against the overall value of $972.4m recorded for the month.
The top five metals & mining industry M&A deals of April 2021 tracked by GlobalData were:
1) Fortuna Silver Mines’ $881.5m acquisition of Roxgold
2) The $50m asset transaction for Getchell Project by i-80 Gold
3) Stratabound Minerals’ $14.67m acquisition of California Gold Mining.
4) The $9.95m acquisition of JCU (Canada) ExplorationLtd. by UEX
5) Scottie Resources’ acquisition of AUX Resources for $6.5m.
Verdict deals analysis methodology
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.
GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.
More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.