Gold managed to shake off yet another overnight price takedown when Asia closed and London opened. Kirkland Lake announced it has acquired 2 million units of Bonterra Resources by way of a private placement financing. Silvercrest Metals says it has received approval from the Secretaria de la Defensa Nacional for the operational storage and use of explosives at the Las Chispas project in Sonora, Mexico. QMX Gold reported assay results from reconnaissance drilling on the New Louvre target on the company’s land package in Val d’Or, Quebec. The Mining Stock Journal wanted to comment on the massive exportation of gold from Switzerland to the London gold market.

Gold and Silver consolidation seemed to pause yesterday as the precious metals showed more signs of upward movement. We have a round of exploration drilling results to share with you, including updates from Great Bear Resources, Gatling Exploration and Bluestone Resources. Treasury Metals announced that Canadian Government has granted environmental approval of the Company's Goliath Gold Project in northwestern Ontario, thereby authorizing the Company to proceed with the construction of a mining operation.

The gold price was whacked for $15 on Monday and silver was ripped down below $17. K92 Mining provided a shareholder update in response to the recent market activity on the company’s shares. The share consolidation of Equinox Gold is complete with a ratio of five-to-one. Barkerville Gold released a Preliminary Economic Assessment for its Cariboo gold project in British Columbia. Fireweed Zinc shared drill results from five drill holes in the Tom North open pit target and step out hole at Tom West, all on the Macmillan Pass project in Yukon. McEwen Mining shared an update on exploration activity from the company’s Gold Bar Mine property. Corvus Gold announced it has completed a private placement financing with AngloGold Ashanti.

The Mining Stock Journal said that it expects a possible long overdue price correction going into the the last two weeks before Labor Day weekend. Drill underway at Minera Alamos Santana project. Ivanhoe Mines says drilling at the company’s Kamoa North Bonanaza Zone on the Kamoa-Kakla project in the Democratic Republic of Congo has hit the highest-grade intersection ever drilled for the project.

After enduring Tuesday's price attack which took the gold price as low as $1489 on a December futures basis, the gold price has rallied as high as $1532 as of Wednesday evening. K92 mining Released their Q2 2019 financials and has increased 2019 production guidance. Contact Gold reported results from three drill holes of the 2019 drill program at the Bowl zone on the Pony Creek gold property. Southern Silver Exploration has closed the first tranche of a non-brokered private placement. Wallbridge mining says it plans to increase the number of drills on the Fenelon Gold Property to a total of 6.

December contract gold futures traded in an expanded $57 dollar price range yesterday as many of the miners saw sell-offs and profit taking throughout the markets. Endeavor Silver shared results from its ongoing 2019 exploration program on the Parral project in Chihuahua, Mexico. Xanadu Mines shared the results of its first batch of assay from its oxide gold drilling program at its flagship Kharmagtai project in southern Mongolia. Regulus Resources says it has mobilized an additional two drill rigs, for a total of four, at its AntaKori copper-gold project located in Cajamarca, Peru.

The price of gold moved up another $5 on Monday, continuing its inexorable climb in price fueled by deteriorating economic and financial conditions globally as well soaring geopolitical risk. Pacific Empire Minerals says that based on continued weak copper performance and improved gold price, the Company will focus its ongoing 2019 exploration efforts advancing its 100% owned Pinnacle Porphyry Project. Sun Metals reported the initial results from step-out drilling in the 421 zone at its 100% owned Stardust project in north central British Columbia. Premier Gold shared an update from its drilling program at the company’s Mercedes Mine in Sonora, Mexico. Vista Gold announced final leach test results for its Mt Todd project in Australia.

The price of gold - front month futures basis - withstood several attempts to drive the price back below $1500 last week. Late last week, New Gold announced that it had raised $150 million through the issuance of 93.7 million common shares on a bought deal basis. Lumina Gold shared additional drill results from the Cangrejos and Gran Bestia resource in-fill, step-out and exploration program. PowerOre announced its latest results from its spring 2019 drill program oat the Opemiska Copper Mine complex in Quebec.

Silver outperformed gold on Wednesday by a ratio of 2:1. Minera Alamos announced this morning it has received the Environmental Impact Statement permit approval from the Mexican federal agency of Natural Resources. Integra Resources has increased its non-brokered offering to $12-million. Marathon Gold shares final infill drilling numbers from the Leprechaun Deposit. White Gold provided an update from diamond drilling on its Vertigo discovery.

Gold inching closer to $1500 spot. Pure Gold has closed a 90 million dollar project financing package with Sprott Resource Lending to fully fund the costs to develop an underground mine at the company’s Madsen Gold project. Wallbridge Mining shared new exploration results this morning from the Fenelon Gold Property in Quebec. Bonterra Resources announced it has entered into an agreement with Sprott Capital Partners to increase its private placement to approximately $32 million dollars. A special note to the mining and exploration community in Yukon after a tragic loss.

Gold hit record highs in multiple currencies yesterday as trade and currency wars begin to escalate. Klondike Gold shared high-grade exploration numbers. Gold Standard Ventures updates shareholders on its 2019 exploration plans. Ur-Energy take cost-reducing steps.

Today we chat briefly about today's surge in precious metals off of the news that trade and currency wars with China - US are heating up. We also go through the numbers from morning trading from the overall markets, along with movers from the producers and royalty companies.

Gold’s recent resiliency fades after Fed Chair Jerome Powell signaled the central bank is in no hurry to cut interest rates. Integra Resources shared an update on the metallurgical test work for both Florida Mountain and DeLamar deposits. Hudbay to appeal yesterday's court ruling on Rosemont. Aurion Resources announced that it completed its private placement financing. Rugby Mining announced that it has entered into an option agreement to earn up to 100% of the El Zanjon Gold and Silver Project in Santa Cruz Province, Argentina.