Miners keep market in the red

A SLUMP in Regis Resources, as well as the iron ore price drop, gave miners and the broader market little to smile about today.

The iron ore spot price dropped to a new six-year low of $US59.73 per tonne overnight, weighing on producers.

Fortescue Metals Group dropped 6.1% to $2.15 and Atlas Iron lost 5.7% to 16.5c.