5 Top Weekly TSX Performers: Signal Gold Up on Production Results, New Drill Targets

Verde Agritech is developing its Brazil-based Cerrado Verde project. The property is the source of a potassium-rich deposit from which the company intends to produce solutions for crop nutrition, crop protection, soil improvement and increased sustainability.

Last week, the company's share price increased 34.52 percent to reach C$7.95 by the end of the period.

Avalon Advanced Materials has five projects across Canada focused on critical metals, including lithium, rare earths, cesium, tantalum, feldspars, tin and indium. Avalon is currently focusing on its Separation Rapids lithium project near Kenora, Ontario, and its Lilypad cesium-tantalum project near Fort Hope, Ontario.

The company did not release any news last week, but its share price jumped 30 percent to end at C$0.13.

Gold-mining company Signal Gold, formerly Anaconda Mining, is focused on Newfoundland and Nova Scotia. The company is advancing the Goldboro gold project in Nova Scotia.

It was a busy week for Signal Gold. On Tuesday (July 19), the company released second quarter production results from its Point Rousse mine, showing a 70 percent increase compared to Q2 2021 and a 93 percent increase over Q1 2022. On Thursday (July 21), Signal Gold released drill results and identified new drill targets at its Tilt Cove gold project in Newfoundland. Shares were up 27.4 percent to trade at C$0.46 by the end of the week.

Forsys Metals is focused on developing uranium projects on the African continent. Currently, the explorer owns the Norasa project, which includes the fully permitted Valencia uranium project, and it is also developing the Namibplaas uranium project. Both properties are situated in Namibia.

There was no news from Forsys Metals last week, but the company saw its share price increase 27.08 percent to hit C$0.61 by the end of the trading week.

Canadian gold explorer Belo Sun Mining is currently focused on developing its Volta Grande gold project in Brazil. A complete feasibility study for project was completed in 2015.

Last Wednesday (July 20), Belo Sun reported that the Supreme Court of Pará State has overturned a suspension order issued by the agrarian court of Altamira related to its construction license and environmental license. As a result of the news, Belo Sun’s share price jumped 26.92 percent to end the week at C$0.33.