Mining Through Uncertainty

Comparative Analysis of Periods of Expansion and Real GDP Growth Recent expansion has been the second longest period of economic growth in history NEVADA Mining Association Trough Peak Duration (Qtrs.) Real GDP Compound Annual Growth Rate Q1 1991 Q1 2001 41 3.6% Q2 2009 To Date 40 2.3% Q1 1961 Q4 1969 36 4.9% Q4 1982 Q3 1990 32 4.3% Q4 2001 Q4 2007 25 2.9% Q1 1975 Q1 1980 21 4.3% Q4 1949 Q2 1953 15 7.6% Q2 1954 Q3 1957 14 4.0% Q4 1970 Q4 1973 13 5.1% Q2 1958 Q2 1960 9 5.5% Q3 1980 Q3 1981 5 4.3% AVERAGE 22 4.4% MINING THROUGH UNCERTAINTY Source: United States Bureau of Economic Analysis; Applied Analysis 126 APPLIED ANALYSIS

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