Led by $6.7bn acquisition of Yamana Gold, North America’s metals & mining industry saw a rise of 44.26% in cross border 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 22 cross border deals worth $7bn were announced for the region during Q2 2022, against the last four-quarter average of 15.25 deals.
Of all the deal types, M&A saw most activity in Q2 2022 with 16 deals, representing a 72.7% share for the region.
In second place was private equity with three deals, followed by venture financing deals with three transactions, respectively capturing a 13.6% and 13.6% 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 $6.94bn, while venture financing and private equity deals totalled $21.37m and $5.05m, respectively.
North America metals & mining industry cross border deals in Q2 2022: Top deals
The top five metals & mining cross border deals accounted for a 99.4% share of the overall value during Q2 2022.
The combined value of the top five cross border deals stood at $6.93bn, against the overall value of $7bn recorded for the quarter.
1) Gold Fields $6.7bn acquisition deal with Yamana Gold
2) The $161.59m acquisition of UEX by Uranium Energy
3) QNB Metals $38.62m acquisition deal with Minagoldchoix
4) The $14.7m acquisition of S.A. de and Minera Mexicana el Rosario by Guanajuato SilverLtd.
5) Aera VC,Earthrise Capital Partners,Initialized Capital,Liquid 2 Ventures,Seven Seven Six venture fund and Soma Capital $13m venture financing deal with AstroForge
