Mining Industry Issues and Opportunities

Price of Silver Next 12 Months $60 $50 $40 $30 $20 $10 $0 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16 NEVADA Mining Association MINING INDUSTRY ISSUES AND OPPORTUNITIES '17 '18 '19 45% 50% 5% Source: London Bullion Market Association; NVMA 2018 Survey APPLIED ANALYSIS

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