Mining Through Uncertainty

Building Permits Nevada Building Permits ■Single-Unit Multi-Unit 60% 30,000 40% 25,000 20,000 20% 0% Total Permits Annual Growth h.. 15,000 -20% 10,000 -40% 5,000 0 -60% '07 '09 '11 '13 '15 '17 '19 '07 '09 '11 '13 '15 '17 '19 LTM LTM NEVADA Mining Association MINING THROUGH UNCERTAINTY Source: United States Census Bureau APPLIED 114 ANALYSIS

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