GBR：2025年拉美北部和加勒比地区矿业报告（英文版）

A convergence of high-commodity prices and low valuations, on the back of a structural deficit in exploration and discoveries, has set the perfect scene for increased M&A. The leverage is particularly high for acquisitions in Latam North and the Caribbean, where stocks do not command the high premiums of tier-one jurisdictions. But M&A is only a quick fix to the global resource replenishment crisis. Buoyed by bullish markets for gold, copper, and silver, explorers are venturing beyond