North America’s metals & mining industry saw a drop of 9.88% in deal activity during March 2021, when compared with the last 12-month average, led by First Majestic Silver’s $570m acquisition of Jerritt Canyon Gold, according to GlobalData’s deals database.
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A total of 73 metals & mining industry deals worth $1.68bn were announced for the region in March 2021, against the 12-month average of 81 deals.
Of all the deal types, M&A saw most activity in March 2021 with 68 transactions, representing a 93.2% share for the region.
In second place was private equity with five deals capturing a 6.9% 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 $1.61bn, followed by private equity deals totalled $74.14m.
North America metals & mining industry deals in March 2021: Top deals
The top five metals & mining deals accounted for 89.3% of the overall value during March 2021.
The combined value of the top five metals & mining deals stood at $1.5bn, against the overall value of $1.68bn recorded for the month.
The top five metals & mining industry deals of March 2021 tracked by GlobalData were:
1) First Majestic Silver’s $570m acquisition of Jerritt Canyon Gold
2) The $311m acquisition deal with GT Gold by Newmont
3) Wheaton Precious Metals International’s $290m asset transaction with Capstone Mining
4) The $274.4m acquisition of Battle North Gold by Evolution Mining
5) Augusta Investments‘ private equity deal with Solaris Resources for $55.6m.