North America’s metals & mining industry saw a drop of 45.57% in deal activity during January 2021, when compared with the last 12-month average, led by Agnico Eagle Mines‘ $303.35m acquisition of TMAC Resources, according to GlobalData’s deals database.

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A total of 43 metals & mining industry deals worth $567.31m were announced for the region in January 2021, against the 12-month average of 79 deals.

Of all the deal types, M&A saw most activity in January 2021 with 38 transactions, representing an 88.4% share for the region.

In second place was private equity with five deals capturing an 11.6% 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 $554.13m, followed by private equity deals totalled $13.18m.

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

The top five metals & mining deals accounted for 93.9% of the overall value during January 2021.

The combined value of the top five metals & mining deals stood at $532.81m, against the overall value of $567.31m recorded for the month.

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

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

2) The $111.79m acquisition deal with QMX Gold by Eldorado Gold

3) Qiangda Investments & Economics &’s $82m asset transaction with Asia Metals

4) The $24.01m acquisition of Lundin Gold by Nemesia

5) Silver Elephant Mining’s asset transaction with Victory Nickel for $11.67m.