Shares in gold producers Theta Gold Mines (ASX:TGM) and Resolute Mining (ASX:RSG) dropped on the S&P/ASX 200 index today, which decreased by 0.45% to 8,913.1 points.
Theta’s stock price decreased by 6.8% to $0.015, while Resolute was down by 4.15% to $0.06 per unit in the first hour of the Australian Securities Exchange opening for trade.
Westgold Resources (ASX:WGX) dwindled by 3.27% to $6.22 per share while Auric Mining (ASX:AWJ) also reduced by 3.18% to $0.01 per unit.
The index declined for the fourth day after three days of gains. On April 14 the index rose by 0.34% to 8,930 points. On April 15 the index rose by 0.15% to 8,984.5 points. On April 16 the index rose by 0.15% to 8,984.5 points. On April 17 the index dropped by 0.29% to 8,928.7 points. On April 20 the index dwindled by 0.29% to 8,928.7 points. On April 21 the index shrank by 0.45% to 8,913.1 points.
“The index has lost 1% for the last five days but sits 3.41% below its 52-week high,” 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 expect share markets to have a positive outlook despite short-term pain.
“Markets, at least the equity market, seem [to be] pretty optimistic that the [Iran] ceasefire is going to hold, maybe it will be extended in that there might eventually be a peace deal,” Capital.com Senior Market Analyst Kyle Rodda tells the Australian Associated Press.
“It could certainly be a sign of complacency again in the market potentially mispricing the risk [but] that is the side of things that the traders are on,” he adds, according to the newswire agency.
Write to Richard Szabo at Mining.com.au
Images: Australian Securities Exchange via Facebook
