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West Africa
The current bull market in precious metals is different. For example, during a typical bull cycle in gold the African mining companies outperform the broad market. However, this time the West Africa index has been lagging behind its peers represented by GDX (the panel on the right):
Source: Simple Digressions
Note: Wet Africa index is comprised of the following mining companies operating in the region: Hummingbird Resources, Teranga, Perseus, Roxgold, Endeavour Mining, Semafo and