MDF Global MDF Global
Apple’s iPhone boom highlights critical minerals powering smartphones•Presenting a united front for Queensland’s copper sector•Thailand seeks Myanmar mine access amid arsenic pollution•Egypt to set up state-backed company to license artisanal gold miners, free detainees•Brixton closes $7.4 million raise for Thorn, Langis projects•Heliostar banks record $78.7 million for Ana Paula push•Mining giants bet billions on 2030 supply crunch•Gunnison Copper reports Q3 output, revenue surge•Triumph Gold targets $15.46 million for Yukon push•African Rainbow Minerals faces a jobs dispute at Nkomati mine•Angola seeks 10% stake in De Beers under Anglo’s proposed exit•Gold price rebounds but heads for biggest weekly loss since June•Teck copper strike reaches BC port as operator sues union•Copper benchmark rocked by miner-smelter tug-of-war•Zimbabwe mining bill targets community, environmental safeguards•Mount Isa critical minerals hub secures Feasibility Study funding•Eramet initiates $814.5 million capital raise to reduce debt•Richemont backs natural gemstones, declines De Beers comment•‘Tis the season for administration as Comlek falls a second time•OceanaGold Philippines trials wireless blasting at Didipio mine Apple’s iPhone boom highlights critical minerals powering smartphones•Presenting a united front for Queensland’s copper sector•Thailand seeks Myanmar mine access amid arsenic pollution•Egypt to set up state-backed company to license artisanal gold miners, free detainees•Brixton closes $7.4 million raise for Thorn, Langis projects•Heliostar banks record $78.7 million for Ana Paula push•Mining giants bet billions on 2030 supply crunch•Gunnison Copper reports Q3 output, revenue surge•Triumph Gold targets $15.46 million for Yukon push•African Rainbow Minerals faces a jobs dispute at Nkomati mine•Angola seeks 10% stake in De Beers under Anglo’s proposed exit•Gold price rebounds but heads for biggest weekly loss since June•Teck copper strike reaches BC port as operator sues union•Copper benchmark rocked by miner-smelter tug-of-war•Zimbabwe mining bill targets community, environmental safeguards•Mount Isa critical minerals hub secures Feasibility Study funding•Eramet initiates $814.5 million capital raise to reduce debt•Richemont backs natural gemstones, declines De Beers comment•‘Tis the season for administration as Comlek falls a second time•OceanaGold Philippines trials wireless blasting at Didipio mine

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
Add to Watch List:
Author Image
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.