North America’s metals & mining industry saw a drop of 38.55% in deal activity during April 2021, when compared with the last 12-month average, led by Fortuna Silver Mines’ $881.5m acquisition of Roxgold, according to GlobalData’s deals database.
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A total of 51 metals & mining industry deals worth $1bn were announced for the region in April 2021, against the 12-month average of 83 deals.
Of all the deal types, M&A saw most activity in April 2021 with 49 transactions, representing a 96.1% share for the region.
In second place was private equity with one deals, followed by venture financing deals with one transactions, respectively capturing a 2% and 2% 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 $1bn, while private equity and venture financing deals totalled $7.6m and $0.01m, respectively.
North America metals & mining industry deals in April 2021: Top deals
The top five metals & mining deals accounted for 97.4% of the overall value during April 2021.
The combined value of the top five metals & mining deals stood at $982.12m, against the overall value of $1bn recorded for the month.
The top five metals & mining industry deals of April 2021 tracked by GlobalData were:
1) Fortuna Silver Mines’ $881.5m acquisition of Roxgold
2) The $50m asset transaction deal for Getchell Project with i-80 Gold
3) Osisko Gold Royalties’ $26m asset transaction for Spring Valley Royalty Portfolio
4) The $14.67m acquisition of California Gold Mining by Stratabound Minerals
5) UEX’s acquisition of JCU (Canada) ExplorationLtd. for $9.95m.
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.