M&A

US M&A activity picks up in Q2

Metals and mining merger and acquisition activity picked up 12% in the June quarter when compared with the past 12-month average for a total value of US$1.8 billion, analysis by GlobalData has found.

Staff Reporter
M&A activity increased in the June quarter

M&A activity increased in the June quarter

Deal values rose 65.5% over the COVID-19-hamstrung March quarter, but above the 12-month average of $1.64 billion.

The US held a 20.7% share of the global M&A deal value that totalled $8.86 billion, recording 42 deals - a rise of 35.5% over the prior quarter and up 20% over the past 12 months.

The top five deals accounted for 99.4% of the overall value during period, being the $1.78 billion merger of Alacer Gold and SSR Mining; the $23.78m merger of Evrim Resources and Renaissance Gold; Metalla Royalty and Streaming's $5.77 million acquisition of the 1$ NSR on Coeur Mining's Wharf mine and its $4 million acquisition of Idaho North Resources; and Greenpro Capital's acquisition of Millennium Sapphire for $4 million.

The latest reading of the Oreninc Index, which tracks North America-based junior finance data, also showed a marked improvement to 111.06 this week, compared with 83.82 a week earlier, as 11 brokered deals were announced amid higher precious metals price environment.

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