Mining Through Uncertainty

Price of Copper Next 12 Months $4.50 $4.00 $3.50 $3.00 $2.50 $2.00 $1.50 '12 '13 '14 '15 '16 '17 '18 NEVADA Mining Association MINING THROUGH UNCERTAINTY '19 49% 40% 11% Source: London Metal Exchange; NVMA 2019 Survey 25 APPLIED ANALYSIS

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