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  1. Deals Analysis
May 5, 2021

North America’s metals & mining industry saw a drop of 10.55% in deal activity in Q1 2021

Led by $570m acquisition of Jerritt Canyon Gold, North America’s metals & mining industry saw a drop of 10.55% in deal activity during Q1 2021, when compared to the last four-quarter average, according to GlobalData’s deals database.

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A total of 212 deals worth $2.69bn were announced for the region during Q1 2021, against the last four-quarter average of 237.00 deals.

Of all the deal types, M&A saw most activity in Q1 2021 with 192 deals, representing a 90.6% share for the region.

In second place was private equity with 19 deals, followed by venture financing deals with one transactions, respectively capturing a 9% and 0.5% share of the overall deal activity for the quarter.

In terms of value of deals, M&A was the leading category in North America’s metals & mining industry with $2.59bn, while private equity and venture financing deals totalled $105.14m and $0.02m, respectively.

North America metals & mining industry deals in Q1 2021: Top deals

The top five metals & mining deals accounted for a 64.9% share of the overall value during Q1 2021.

The combined value of the top five deals stood at $1.75bn, against the overall value of $2.69bn recorded for the quarter.

The top five metals & mining industry deals of Q1 2021 tracked by GlobalData were:

1) First Majestic Silver’s $570m acquisition of Jerritt Canyon Gold

2) The $311m acquisition of GT Gold by Newmont

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

4) The $290m asset transaction deal with Capstone Mining by Wheaton Precious Metals International

5) Evolution Mining’s acquisition of Battle North Gold for $274.4m.

Related Companies

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.

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