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North America deal activity up more than a third in Q2

The number of deals done in North America’s mining sector rose by 34.6% in Q2 compared to the four-quarter average, GlobalData said on Friday.
North America deal activity up more than a third in Q2 North America deal activity up more than a third in Q2 North America deal activity up more than a third in Q2 North America deal activity up more than a third in Q2 North America deal activity up more than a third in Q2

North America saw 214 deals worth a total of US$3.03 billion announced in the June quarter

Staff reporter

The region saw 214 deals worth a total of US$3.03 billion announced in the June quarter, with M&A accounting for 197 of those transactions and the remainder a mix of venture financing and private equity.

The largest deal done in the June quarter was the merger of Alacer Gold and SSR Mining, which was valued at US$1.78 billion. Other deals of note included Shandong Gold's takeover of TMAC Resources and Zijin Mining's acquisition of Guyana Goldfields - both illustrating how Chinese companies have become more active in gold M&A.

While deal volumes have been on the rise in North America, the value of mining deals has been on the wane worldwide. GlobalData reported earlier this week that the total value of mining deals fell by 26% or US$5.3 billion in the June quarter to $20.6 billion.