North America’s metals & mining industry saw a drop of 14.04% in deal activity during November 2022, when compared with the last 12-month average, led by Triple Flag Precious Metals’ $606m acquisition of Maverix Metals, according to GlobalData’s deals database.
- Embed this chart
Embed this chart into your website
Copy and paste the image source into your website to display the chart.
A total of 49 metals & mining industry deals worth $849m were announced for the region in November 2022, against the 12-month average of 57 deals.
Of all the deal types, M&A saw most activity in November 2022 with 46 transactions, representing a 93.9% share for the region.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData
In second place was private equity with two deals, followed by venture financing deals with one transactions, respectively capturing a 4.1% and 2.04% share of the overall deal activity for the month.
In terms of value of deals, M&A was the leading category in North America’s metals & mining industry with $790.66m, while private equity and venture financing deals totalled $57.94m and $0.4m, respectively.
North America metals & mining industry deals in November 2022: Top deals
The top five metals & mining deals accounted for 96.1% of the overall value during November 2022.
The combined value of the top five metals & mining deals stood at $816.01m, against the overall value of $849m recorded for the month.
The top five metals & mining industry 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) Cerberus Capital Management, Greentech Minerals Holdings and Hegemon Capital’s $50m private equity deal with Torngat Metals
4) The $30.09m asset transaction of Troilus Gold by Sayona Quebec
5) Kenadyr Mining’s $14.82m acquisition deal with Karus Gold