Total metals & mining industry M&A deals worth $1.6bn were announced in Canada in March 2021, with First Majestic Silver’s $570m acquisition of Jerritt Canyon Gold being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked an increase of 378.6% over the previous month of $334.28m and a rise of 96.4% when compared with the last 12-month average of $814.56m.
Canada held a 79.60% share of the global metals & mining industry M&A deal value that totalled $2.01bn in March 2021.
In terms of M&A deal activity, the Canada recorded 62 deals during March 2021, marking an increase of 6.90% over the previous month and a rise of 6.90% over the 12-month average.
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By GlobalDataCanada metals & mining industry M&A deals in March 2021: Top deals
The top five metals & mining industry M&A deals accounted for 92.6% of the overall value during March 2021.
The combined value of the top five metals & mining M&A deals stood at $1.49bn, against the overall value of $1.6bn recorded for the month.
The top five metals & mining industry M&A deals of March 2021 tracked by GlobalData were:
1) First Majestic Silver’s $570m acquisition of Jerritt Canyon Gold
2) The $311m acquisition of GT Gold by Newmont
3) Wheaton Precious Metals International’ $290m asset transaction with Capstone Mining.
4) The $274.4m acquisition of Battle North Gold by Evolution Mining
5) Equinox Gold’s asset transaction with Orion Mine Finance and Premier Gold Mines for $40.03m.