International Tower Hill Mines Files 2020 Year End Financial Results

Rhea-AI Summary

International Tower Hill Mines Ltd. (THM) has filed its audited Year-End Financial Statements for the year ended December 31, 2020, reporting working capital of US$12.7 million. The company set a 2021 budget of $5.6 million, focusing on an updated Pre-Feasibility Study for the Livengood Gold Project, scheduled for release in October 2021. Shareholders can access the documents via SEDAR and EDGAR or request hard copies directly.

Positive

• Working capital of US$12.7 million as of December 31, 2020.
• 2021 budget set at $5.6 million to support the Livengood Gold Project.

Negative

• None.

VANCOUVER, BC, March 10, 2021 /PRNewswire/ - International Tower Hill Mines Ltd.  (the "Company") - (TSX: ITH) (NYSE American: THM) today announced that it has filed its audited Year-End Financial Statements and associated Management Discussion and Analysis on Form 10-K for the year ended December 31, 2020.

As of December 31, 2020, the Company had working capital of US$12.7 million.

The Company previously announced a 2021 budget of $5.6 million, the key element of which is the completion of an updated Pre-Feasibility Study on the Livengood Gold Project that is planned for release in October 2021.

Shareholders can obtain copies of the Company's audited Year-End Financial Statements and associated Management Discussion and Analysis and Form 10-K on SEDAR at: www.sedar.com, EDGAR at www.sec.gov and on the Company's website at: www.ithmines.com. The Company will also provide hard copies of these documents, free of charge, to shareholders who request a copy directly from the Company.

About International Tower Hill Mines Ltd.

International Tower Hill Mines Ltd. has a 100% interest in its Livengood Gold Project located along the paved Elliott Highway, 70 miles north of Fairbanks, Alaska.

On behalf of
International Tower Hill Mines Ltd.

(signed) Karl L. Hanneman
Chief Executive Officer

This news release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States.

View original content:http://www.prnewswire.com/news-releases/international-tower-hill-mines-files-2020-year-end-financial-results-301244082.html

SOURCE International Tower Hill Mines Ltd.

FAQ

What are the 2020 financial results for International Tower Hill Mines (THM)?

The audited Year-End Financial Statements report working capital of US$12.7 million.

What is the budget for International Tower Hill Mines in 2021?

The 2021 budget is set at $5.6 million, primarily for the Livengood Gold Project.

When will the updated Pre-Feasibility Study for the Livengood Gold Project be released?

The updated Pre-Feasibility Study is planned for release in October 2021.

Where can shareholders find the audited financial statements for THM?

Shareholders can access the statements on SEDAR, EDGAR, and the company's website.