ASX Mining Stocks Tumble: Why BHP, Rio Tinto and Gold Miners Are Falling Today

Highlights

• Gold and copper prices fell overnight.

• BHP Group Limited was about 1.3% lower at AU$59.08 in intraday trade on 11 November 2026.

• The S&P/ASX All Ordinaries Gold Index was about 2.8% lower at 18,738.1 on 11 November 2026.

Introduction

Gold and copper were weaker overnight into 11 November 2026. On the Australian market the same day, diversified miners, gold producers and uranium names were softer in intraday trade.

BHP was at AU$59.08, about 1.3% lower. Rio Tinto Limited (ASX: RIO) was at AU$149.90, about 1.9% lower. South32 Limited (ASX: S32) was at AU$4.565, about 1.8% lower.

Overnight Moves in Gold and Copper

Gold fell overnight. Copper also fell overnight. A softer night in bullion and copper can coincide with weaker mining shares, but the two markets do not move in lockstep.

BHP, Rio Tinto and South32 in Intraday Trade

BHP and Rio Tinto are two of the largest resources companies on the ASX, with exposures that include iron ore, copper and other commodities. South32 is a smaller, still diversified producer. ASX company data places all three in the Materials sector. Share prices for diversified miners depend on more than a single metal, including iron ore and operating costs.

Bellevue Gold, Westgold and the Gold Index

Bellevue Gold Limited (ASX: BGL) and Westgold Resources Limited (ASX: WGX) are gold-focused producers. ASX company data also places both in the Materials sector. On 11 November 2026, Bellevue Gold was about 4.6% lower at AU$1.4125 and Westgold was about 4.3% lower at AU$5.78.

On 11 November 2026, the S&P/ASX All Ordinaries Gold Index was at 18,738.1, about 2.8% lower. That index groups listed gold shares and is not the same as the bullion price. An index move reflects the combined change across its members, so one company can rise while the index falls. Mine plans, costs, reserve replacement and hedging also shape producer returns.

Deep Yellow and Paladin Energy

Deep Yellow Limited (ASX: DYL) and Paladin Energy Ltd (ASX: PDN) are uranium-related names, not gold producers. ASX company data places both in the Energy sector. On 11 November 2026, Deep Yellow was about 5.1% lower at AU$0.83 and Paladin Energy was about 3.7% lower at AU$8.36. Uranium equities can move with contract prices, project timelines and financing. Closing prices may differ from these intraday levels.

Checks for the Remainder of the Session

• Closing prices for BHP, Rio Tinto, South32, Bellevue Gold, Westgold, Deep Yellow and Paladin Energy on 11 November 2026.

• The closing level of the S&P/ASX All Ordinaries Gold Index for the same session.

• Overnight gold and copper prices after 11 November 2026.

Conclusion

Gold and copper fell overnight. On 11 November 2026, BHP was about 1.3% lower at AU$59.08, Rio Tinto about 1.9% lower at AU$149.90, and South32 about 1.8% lower at AU$4.565. Bellevue Gold was about 4.6% lower at AU$1.4125, Westgold about 4.3% lower at AU$5.78, Deep Yellow about 5.1% lower at AU$0.83, and Paladin Energy about 3.7% lower at AU$8.36. The S&P/ASX All Ordinaries Gold Index was about 2.8% lower at 18,738.1.

Note- All data presented is based on information available at the time of writing.

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