Total metals & mining industry cross border M&A deals worth $1.28bn were announced in North America in Q1 2021, led by Newmont’s $311m acquisition of GT Gold, according to GlobalData’s deals database.
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The value marked a decrease of 46.7% over the previous quarter and a drop of 37.6% when compared with the last four-quarter average of $2.05bn.
North America held a 44.60% share of the global metals & mining industry cross border M&A deal value that totalled $2.87bn in Q1 2021. With a 40.77% share and deals worth $1.17bn, Canada was the top country in North America’s cross border M&A deal value across metals & mining industry.
In terms of deal activity, North America recorded 43 cross border deals during Q1 2021, marking an increase of 13.16% over the previous quarter and a flat growth over the last four-quarter average. The US recorded 21 deals during the quarter.
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By GlobalDataNorth America metals & mining industry cross border M&A deals in Q1 2021: Top deals
The top five metals & mining industry cross border M&A deals accounted for 76.7% of the overall value during Q1 2021.
The combined value of the top five cross border M&A deals stood at $981.41m, against the overall value of $1.28bn 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 85.1% stake in 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 of Asia Metals by Qiangda Investments & Economics &
5) Nemesia’s asset transaction with Lundin Gold for $24.01m.