A total of 85 Mergers & Acquisitions (M&A) deals (pending and completed) were announced in the Mining of Canada, in the last twelve months resulting in a total deal value of over $28,360.9 million. In the LTM period, September 2021 turned out to be the most prolific in terms of deal size, with a total deal value of $11,027.1 million, resulting in an average deal value of $1,575.3 million during that month. On the other hand, the month of June 2021 was the most prolific in terms of deal volume, recording a total of 10 deals, resulting in an average deal value of $84.8 million during that month.
Of the 85 deals, the deal secured between Gold Fields Ltd and Yamana Gold Inc, was the largest M&A deal in the Canada Mining sector, which was valued at $6,700.0 million and was completed on May 31, 2022. The second-largest deal was between Newcrest Mining Ltd and Pretium Resources Inc, while the third-largest deal was between Kinross Gold Corp and Great Bear Resources Ltd. The Newcrest Mining Ltd-Pretium Resources Inc deal and the Kinross Gold Corp-Great Bear Resources Ltd deal were valued at $2,857.4 million and $1,417.8 million, respectively. The fourth-largest deal was between Saint-Gobain Ltd-Kaycan, Ltd. valued at $928.0 million, whereas the deal between Zijin Mining Group Co Ltd-Neo Lithium Corp valued at $763.8 million was the fifth-largest deal.
Cumulatively, the top five deals amounted to $12,667.1 million and accounted for nearly 44.66% of the total deals (by value) announced during the last twelve months.
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