North America’s metals & mining: 10.50% rise of cross-border deals in Q1

Led by $311m acquisition of GT Gold, North America’s metals & mining industry saw a rise of 10.50% in cross border deal activity during Q1 2021, when compared to the last four-quarter average, according to GlobalData’s deals database.

A total of 50 cross border deals worth $1.34bn were announced for the region during Q1 2021, against the last four-quarter average of 45.25 deals.

Of all the deal types, M&A saw most activity in Q1 2021 with 43 deals, representing an 86% share for the region.

In second place was private equity with seven deals capturing a 14% 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 $1.28bn, followed by private equity deals totalled $63.8m.

North America metals & mining industry cross border deals in Q1 2021: Top deals

The top five metals & mining cross border deals accounted for a 75.4% share of the overall value during Q1 2021.

The combined value of the top five cross border deals stood at $1.01bn, against the overall value of $1.34bn recorded for the quarter.

The top five metals & mining industry cross border deals of Q1 2021 tracked by GlobalData were:

• Newmont’s $311m acquisition of GT Gold
• The $290m asset transaction with Capstone Mining by Wheaton Precious Metals International
• Evolution Mining’s $274.4m acquisition of Battle North Gold
• The $82m acquisition deal with Asia Metals by Qiangda Investments & Economics &
• Augusta Investments’ asset transaction with Solaris Resources for $55.6m.

Source: Global Data, Photo: Fotolia