RBC Capital Markets and BMO Capital Markets were the top mergers and acquisitions (M&A) financial advisers in the metals & mining sector during 2025 by value and volume, respectively, according to the latest financial advisers league table by GlobalData, a leading intelligence and productivity platform.

GlobalData’s Financial Deals Database has revealed that RBC Capital Markets achieved the leading position in terms of value by advising on $27.8 billion worth of deals. Meanwhile, BMO Capital Markets led in terms of volume by advising on a total of 16 deals.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “BMO Capital Markets was the top adviser by volume in 2024 and retained its leadership position by this metric in 2025 as well. It also held the fifth position by value in 2025.

“Meanwhile, RBC Capital Markets went ahead from occupying the 10^th position by value in 2024 to top the chart by this metric in 2025, as there was more than a five-fold jump in the total value of deals advised by it. Four of the eight deals advised by RBC Capital Markets during 2025 were billion-dollar deals* that also included a mega deal valued more than $10 billion, which helped it secure the top spot.”

An analysis of GlobalData’s Financial Deals Database reveals that Morgan Stanley occupied the second position in terms of value, by advising on $18.5 billion worth of deals, followed by Goldman Sachs with $17.8 billion, Centerview Partners with $17.7 billion, and BMO Capital Markets with $15.6 billion.

Meanwhile, Canaccord Genuity Group occupied the second position in terms of volume with 16 deals, followed by Evans & Evans with nine deals, RBC Capital Markets with eight deals, and CIBC Capital Markets with eight deals.

*Deals valued more than or equal to $1 billion