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.