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  1. Deals Analysis
February 18, 2021

North America’s metals & mining industry saw a drop of 45.57% in deal activity during January 2021

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.

Related Companies

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.

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