M&A

US M&A activity picks up in Q2

Total deal value up 12% over the four-quarter average

Staff Reporter

This article is 4 years old. Images might not display.

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.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.