International Tower Hill Mines Files 2022 Year End Financial Results

Rhea-AI Summary

International Tower Hill Mines Ltd. (NYSE American: THM) announced the filing of its audited Year-End Financial Statements for the year ending December 31, 2022. As of that date, the Company reported a working capital of US$4.7 million. The approved 2023 work program aims to further baseline environmental data collection, crucial for future permitting and community engagement initiatives. Shareholders can access the financial documents via SEDAR and EDGAR, as well as the Company’s website.

Positive

• Filing of audited Year-End Financial Statements demonstrates compliance and transparency.
• Working capital of US$4.7 million provides financial stability for ongoing projects.
• Approved 2023 work program focused on crucial environmental data collection for future permitting.

Negative

• None.

VANCOUVER, BC, March 8, 2023 /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, 2022.

As of December 31, 2022, the Company had working capital of US$4.7 million.

The Company also announced the approval of the 2023 work program that will advance the baseline environmental data collection in critical areas of hydrology and waste rock geochemical characterization needed to support future permitting, as well as advance community engagement.

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:https://www.prnewswire.com/news-releases/international-tower-hill-mines-files-2022-year-end-financial-results-301765562.html

SOURCE International Tower Hill Mines Ltd.

FAQ

What were the financial results of International Tower Hill Mines for 2022?

International Tower Hill Mines filed its audited Year-End Financial Statements for the year ended December 31, 2022, reporting a working capital of US$4.7 million.

What is the work program announced by International Tower Hill Mines for 2023?

The 2023 work program approved by International Tower Hill Mines focuses on advancing baseline environmental data collection necessary for future permitting and enhancing community engagement.

Where can shareholders access the Year-End Financial Statements of International Tower Hill Mines?

Shareholders can access the Year-End Financial Statements on SEDAR at www.sedar.com, EDGAR at www.sec.gov, and the Company's website at www.ithmines.com.