International Tower Hill Mines Stock Price, News & Analysis

International Tower Hill Mines Ltd. (THM) held its Annual General and Special Meeting on May 25, 2021, in Fairbanks, Alaska. Shareholders elected directors, including Anton Drescher and Karl Hanneman, with significant support (99.78% for Hanneman). They re-appointed Davidson & Company LLP as auditors for 2021 and approved amendments to the Company's Articles. Additionally, shareholders endorsed executive compensation with 91.52% approval. The detailed voting results will be available on SEDAR and the Company’s website.

International Tower Hill Mines Ltd. (THM) announced its unaudited financial results for the first quarter of 2021, ending March 31. The company reported a working capital of US$11.7 million. Shareholders can access the financial statements and management discussion 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. (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.

International Tower Hill Mines Ltd. (THM) announced its 2021 budget of US$5.6 million to advance the Livengood Gold Project. The focus is on completing the Pre-Feasibility Study (PFS) by October 2021, initiated in July 2020, with consultancy from BBA, Inc. and specialized support from various firms. Following a US$10.3 million financing from an At-The-Market offering, the company holds a working capital of US$13.1 million as of September 30, 2020. CEO Karl Hanneman emphasized the strong motivation to leverage the 11.5 million-ounce gold resource as the market remains robust.

International Tower Hill Mines Ltd. (THM) has successfully raised US $10.3 million through its At-The-Market offering with B. Riley Securities. The company issued 7,334,513 common shares at an average price of $1.40 each. Proceeds will be allocated towards working capital, the completion of the Pre-Feasibility Study for the Livengood Gold Project, and environmental studies. The successful financing secures sufficient funding to advance the project optimally. Following the offering, the total shares outstanding are 194,908,184.

International Tower Hill Mines Ltd. (THM) announced a webinar on September 9, 2020, to discuss significant shareholder participation in an At-The-Market (ATM) financing of $10.3 million. Major shareholders contributed $7.9 million at a share price of $1.40. CEO Karl Hanneman emphasized that this funding secures capital for the Pre-Feasibility Study (PFS) of the Livengood Gold Project in Alaska, enhancing market exposure by partnering with B. Riley while minimizing shareholder dilution.

International Tower Hill Mines Ltd. announced a successful US $10.3 million At-The-Market offering, issuing 5,670,997 common shares at $1.40 each, garnering US $7.9 million in proceeds. Major shareholders, including Paulson & Co. and Sprott Asset Management, participated in the offering. Following this transaction, Paulson will hold 31.8% of shares, Sprott 15.1%, and Electrum 14.2%. The company plans to raise an additional US $2.4 million to support its Livengood Gold Project.

International Tower Hill Mines Ltd. has filed its unaudited second quarter Financial Statements for the period ending June 30, 2020. As of this date, the company reported a working capital of $5.4 million. These documents, including the Management Discussion and Analysis and Form 10-Q, are available on SEDAR, EDGAR, and the company’s website. Shareholders may request free hard copies directly from the company.

International Tower Hill Mines Ltd. (THM) has finalized contracts for its Pre-Feasibility Study (PFS) on the Livengood Gold Project, with results expected in October 2021. The study aims to optimize project configuration and mitigate risks, supported by consultants including BBA, Inc., renowned for similar projects. The Livengood Gold Project currently holds a measured and indicated resource of 11.5 million gold ounces. The company anticipates favorable gold prices due to global monetary stimulus, enhancing project viability.