Led by $22.5m asset transaction with Alumisource, the US metals & mining industry saw a drop of 1.12% in overall cross border deal activity during Q1 2021, when compared with the last four-quarter average, according to GlobalData’s deals database.
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A total of 22 cross border deals worth $43.31m were announced in Q1 2021, compared with the last four-quarter average of 22.25 deals.
M&A was the leading category in the quarter with 21 cross border deals which accounted for 95.5% of all deals.
In second place was private equity with one deal accounting for 4.6% of overall cross border deal activity in the US metals & mining industry during the quarter.
In terms of value of cross border deals, M&A was the leading deal category in the US metals & mining industry with total deals worth $43.31m.
US metals & mining industry cross border deals in Q1 2021: Top deals
The top five metals & mining industry cross border deals accounted for 94.9% of the overall value during Q1 2021.
The combined value of the top five metals & mining cross border deals stood at $41.09m, against the overall value of $43.31m recorded for the quarter.
The top five metals & mining industry cross border deals of Q1 2021 tracked by GlobalData were:
1) Sims’ $22.5m asset transaction with Alumisource
2) The $15.21m asset transaction with Globex Mining Enterprises by Electric Royalties
3) OrganiMax Nutrient’s $1.3m asset transaction with Blackhawk Exploration
4) The $1.18m asset transaction deal with Montana Reclaim by Bond Resources and Winston Gold
5) Evergold’s asset transaction with Enigma Resources for $0.9m.