Led by $311m acquisition of GT Gold, North America’s metals & mining industry saw a rise of 10.50% in cross border deal activity during Q1 2021, when compared to the last four-quarter average, according to GlobalData’s deals database.
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A total of 50 cross border deals worth $1.34bn were announced for the region during Q1 2021, against the last four-quarter average of 45.25 deals.
Of all the deal types, M&A saw most activity in Q1 2021 with 43 deals, representing an 86% share for the region.
In second place was private equity with seven deals capturing a 14% share of the overall cross border deal activity for the quarter.
In terms of value of cross border deals, M&A was the leading category in North America’s metals & mining industry with $1.28bn, followed by private equity deals totalled $63.8m.
North America metals & mining industry cross border deals in Q1 2021: Top deals
The top five metals & mining cross border deals accounted for a 75.4% share of the overall value during Q1 2021.
The combined value of the top five cross border deals stood at $1.01bn, against the overall value of $1.34bn recorded for the quarter.
The top five metals & mining industry cross border deals of Q1 2021 tracked by GlobalData were:
1) Newmont’s $311m acquisition of GT Gold
2) The $290m asset transaction with Capstone Mining by Wheaton Precious Metals International
3) Evolution Mining’s $274.4m acquisition of Battle North Gold
4) The $82m acquisition deal with Asia Metals by Qiangda Investments & Economics &
5) Augusta Investments’ asset transaction with Solaris Resources for $55.6m.
Verdict deals analysis methodology
This analysis considers only announced and completed cross border 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.