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

05 May 2021 (Last Updated May 5th, 2021 17:57)

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.

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.