Mining Through Uncertainty

Price of Silver USD per Troy Ounce $60 $50 $40 $30 $20 Peak to Present: -$31.78 (-65.2%) $10 $0 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16 '17 NEVADA Mining Association MINING THROUGH UNCERTAINTY '18 '19 $16.93 Source: London Bullion Market Association 22 APPLIED ANALYSIS

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