Mining Through Uncertainty

Business Profitability Past 12 Months NEVADA Mining Association Increased 36.7% Remained About the Same 28.6% Decreased 20.4% Refused/NA 14.3% ■Increased ■Remained About the Same ■Decreased ■Refused/NA MINING THROUGH UNCERTAINTY 16 Source: NVMA 2019 Survey APPLIED ANALYSIS

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