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International Tower Hill Mines Ltd. (TSX: ITH, NYSE American: THM) is a distinguished mining company dedicated to the acquisition, exploration, and development of mineral properties. Headquartered in Vancouver, the company’s core asset is the world-class Livengood Gold Project, located in the Tolovana mining district, 70 miles north of Fairbanks, Alaska. This project is notable for its substantial resource size, boasting 16.5 million ounces in the measured and indicated categories and an additional 4.1 million ounces in the inferred category. This makes Livengood one of the largest gold deposits discovered globally in the last two decades.
The Livengood Gold Project encompasses land leased from the Alaska Mental Health Trust, private mineral leases, state mining claims, and patented ground controlled by the company. The project is strategically positioned along the paved Elliott Highway, which facilitates easy access and logistics.
The leadership team at International Tower Hill Mines is composed of seasoned professionals with proven track records in major mining operations, hailing from esteemed organizations such as AngloGold Ashanti, Teck Resources, and Kinross. Their expertise in development, permitting, and operational success is driving the project towards becoming Alaska's next major gold mine.
Recent milestones for the company include the filing of its unaudited second quarter Financial Statements and Management Discussion and Analysis for the period ending June 30, 2023. This was followed by the unaudited third quarter reports for the three- and nine-month periods ending September 30, 2023. As of these filings, the company maintained a working capital of USD $3.1 million, underscoring its robust financial health.
Further solidifying its financial position, International Tower Hill Mines completed a non-brokered private placement in January 2024, raising approximately USD $2.5 million from existing major shareholders. This move was designed to minimize shareholder dilution and support the company's general working capital needs.
In March 2024, the company published its audited Year-End Financial Statements and approved the 2024 work program. This program focuses on community engagement and advancing critical environmental data collection to aid future permitting processes. Continuing its commitment to transparency, the company also filed its unaudited first quarter Financial Statements for the period ending March 31, 2024.
At the Annual General and Special Meeting held in May 2024, shareholders demonstrated strong support for the current management and governance structures. Key resolutions, including re-appointment of auditors and approval of executive compensation, were passed with significant majorities.
International Tower Hill Mines Ltd. is well-positioned to leverage the promising fundamentals of the Livengood Gold Project in a favorable gold market, driven by its substantial resource base and strategic land holdings.
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.
International Tower Hill Mines Ltd. (THM) filed its unaudited third quarter financial statements for the period ended September 30, 2022. The report shows the Company had working capital of US$5.2 million. Shareholders can access the financial statements and related documents on SEDAR, EDGAR, and the Company’s website. The company holds a 100% interest in the Livengood Gold Project located near Fairbanks, Alaska.
International Tower Hill Mines Ltd. (NYSE: THM) has filed its unaudited second quarter financial statements for the period ended June 30, 2022. As of this date, the company reported a working capital of US$6.1 million.
Shareholders can access the financial documents via SEDAR at www.sedar.com, and EDGAR at www.sec.gov. Additionally, copies are available on the company's website www.ithmines.com upon request.
International Tower Hill Mines Ltd. (TSX: ITH, NYSE American: THM) held its 2022 Annual General and Special Meeting on May 24, 2022, in Fairbanks, AK. Shareholders elected directors receiving majority votes, including Anton Drescher (87.02%), Karl Hanneman (99.76%), and others. The current auditors, Davidson & Company LLP, were reappointed for the fiscal year ending December 31, 2022. Additionally, shareholders approved the executive compensation on an advisory basis with an 89.18% majority. Detailed voting results are available on the Company's website.
International Tower Hill Mines Ltd. (NYSE American: THM) announced its unaudited first quarter financial results for the period ending March 31, 2022. As of the end of the quarter, the company reported a working capital of US$7.1 million. Shareholders can access the financial statements, management discussion, and Form 10-Q on SEDAR, EDGAR, and the company’s website. The company holds a 100% interest in the Livengood Gold Project located in Alaska, emphasizing its strategic assets.
International Tower Hill Mines Ltd. (NYSE American: THM) announced the filing of its audited Year-End Financial Statements for 2021. As of December 31, 2021, the Company reported working capital of US$7.3 million. The approved 2022 budget is $3.2 million, focusing on advancing baseline environmental data collection for future permitting and enhancing community engagement. Shareholders can access financial documents on SEDAR, EDGAR, and the Company’s website.
International Tower Hill Mines Ltd. has filed a National Instrument 43-101 (NI 43-101) Technical Report titled Livengood Gold Project NI 43-101 Technical Report on Pre-Feasibility Study, effective December 17, 2021. This report supports findings from a Pre-Feasibility Study on the 100% owned Livengood Gold Project in Alaska, initially presented in a news release dated November 4, 2021. The report can be accessed on SEDAR and the Company’s website.
International Tower Hill Mines Ltd. (NYSE: THM) has filed its unaudited financial results for Q3 2021, reporting a working capital of US$8.3 million as of September 30, 2021. The company provides access to its financial statements and analysis on SEDAR, EDGAR, and its official website. International Tower Hill holds a 100% interest in the Livengood Gold Project located in Alaska.
International Tower Hill Mines Ltd. (THM) announced positive results for its Livengood Gold Project following a Pre-Feasibility Study (PFS), which indicates an impressive 13.6 million ounces of gold resources, making it the largest independent gold-only resource in North America. The project is projected to produce 306,200 ounces of gold per year over a 21-year mine life, significantly de-risking the venture. The PFS estimates capital costs at US$1.93 billion and operating costs at US$1,171 per ounce, with an after-tax NPV ranging from US$400 million to US$2.3 billion based on gold prices.
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