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NevGold pushes beyond Limo Butte resourceHeritage drills six-metre gold zone at MelbaSalazar discovers ‘high-grade’ tungsten at Pijili ProjectAguia aligned with newly approved government-backed fertiliser incentiveUS Department of Energy injects $13.9 million into critical mineralsQueensland legislation backs critical minerals explorationDevEx follows Nabarlek-style clues at KPAlurion drills towards Amargosa Prefeasibility StudyMoonlight hits broad copper zones at Peak DownsLegal battle heats up for major iron ore miner FortescueLithium Universe recovers gallium and platinum from e-wasteRokeby reports maiden tailings resource at OmeoCritical Resources links up with CSIRO for battery technologyBarkly advances 10,000m drilling at flagship projectAntilles Gold signs binding deal for Cuban sanction reliefRenegade expands loan facility to $2 millionUS Army’s Janus Program puts spotlight on uranium supplyMithril extends Copalquin silver-gold corridor to 550mFelix Gold produces antimony metal from pilot plantStrategic Energy tests two Canobie targets NevGold pushes beyond Limo Butte resourceHeritage drills six-metre gold zone at MelbaSalazar discovers ‘high-grade’ tungsten at Pijili ProjectAguia aligned with newly approved government-backed fertiliser incentiveUS Department of Energy injects $13.9 million into critical mineralsQueensland legislation backs critical minerals explorationDevEx follows Nabarlek-style clues at KPAlurion drills towards Amargosa Prefeasibility StudyMoonlight hits broad copper zones at Peak DownsLegal battle heats up for major iron ore miner FortescueLithium Universe recovers gallium and platinum from e-wasteRokeby reports maiden tailings resource at OmeoCritical Resources links up with CSIRO for battery technologyBarkly advances 10,000m drilling at flagship projectAntilles Gold signs binding deal for Cuban sanction reliefRenegade expands loan facility to $2 millionUS Army’s Janus Program puts spotlight on uranium supplyMithril extends Copalquin silver-gold corridor to 550mFelix Gold produces antimony metal from pilot plantStrategic Energy tests two Canobie targets

ASX index enters second week of decline

Uranium producer Deep Yellow (ASX:DYL) and gold developer and explorer Resolute Mining (ASX:RSG) are the bottom-performing stocks on the S&P/ASX 200 index today, which declined for the seventh day in a row by 0.62% to 8,732.1 points.

Deep Yellow’s share price decreased by 5.76% to $1.88, while Resolute was down by 4.98% to $1.335 per unit in the first hour of the Australian Securities Exchange opening for trade.

Toubani Resources (ASX:TRE) dwindled by 10% to $0.54 per share while Terrain Minerals (ASX:TMX) also reduced by 20% to $0.004 per unit.

The index decreased for the seventh day. On 17 April the index dropped by 0.29% to 8,928.7 points. On 20 April the index dwindled by 0.29% to 8,928.7 points. On 21 April the index shrank by 0.45% to 8,913.1 points. On 22 April the index fell by 0.45% to 8,913.1 points. On 23 April the index decreased by 0.44% to 8,804.4 points. On 24 April the index declined by 0.29% to 8,767.7 points.

“The index has lost 2.47% for the last five days but is virtually unchanged year to date,” the ASX markets website says.

As Mining.com.au previously reported, the index reported a third year of “positive returns” during 2025 despite “some concerns about the state of the world”.

“Big option trades using longer-dated contracts we found in January appear to be looking for continuation of this upward trend in 2026,” the ASX says.

Analysts agree that it has been a “soft week” of underperforming shares.

“One side of it is quite domestic in nature, the other side of it is obviously markets discounting potential growth risks because of the war in the Middle East,” Capital.com senior market analyst Kyle Rodda tells the Australian Associated Press.

“Overall, we are underperforming and certainly not duplicating the record highs that we have seen clocked up on Wall Street,” he adds, according to the newswire agency.

Write to Richard Szabo at Mining.com.au

Images: Australian Securities Exchange via Facebook
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Written By Richard Szabo
Senior Reporter Richard Szabo has more than 19 years' experience in award-winning journalism, social media marketing and web content management for some of Australasia's fast-growing media companies including News Limited, Business News Australia, iSentia, APRS Media and Wade Business Media. He has also worked for the Crier Media Group in Hungary and Beauty of Life in New York state.