Led by $6.7bn acquisition of Yamana Gold, North America’s metals & mining industry saw a drop of 0.42% in deal activity during Q2 2022, when compared to the last four-quarter average, according to GlobalData’s deals database.
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A total of 59 deals worth $8.3bn were announced for the region during Q2 2022, against the last four-quarter average of 59.25 deals.
Of all the deal types, M&A saw most activity in Q2 2022 with 48 deals, representing an 81.4% share for the region.
In second place was venture financing with eight deals, followed by private equity deals with three transactions, respectively capturing a 13.6% and 5.1% share of the overall deal activity for the quarter.
In terms of value of deals, M&A was the leading category in North America’s metals & mining industry with $7.86bn, while venture financing and private equity deals totalled $419.24m and $5.05m, respectively.
North America metals & mining industry deals in Q2 2022: Top deals
The top five metals & mining deals accounted for a 93.3% share of the overall value during Q2 2022.
The combined value of the top five deals stood at $7.74bn, against the overall value of $8.3bn recorded for the quarter.
1) Gold Fields $6.7bn acquisition deal with Yamana Gold
2) The $646.37m acquisition of Nomad RoyaltyLtd by Sandstorm Gold
3) Orla Mining $189.23m acquisition deal with Gold Standard Ventures
4) The $161.59m acquisition of UEX by Uranium Energy
5) QNB Metals $38.62m acquisition deal with Minagoldchoix
