Here are the 10-K annual reports from International Tower Hill Mines, Ltd. (THM) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow THM and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full THM filings page.
International Tower Hill Mines Ltd. filed its annual report detailing progress and risks at its Livengood Gold Project in Alaska. As of December 31, 2025, the project has proven and probable reserves of 430.1 million tonnes at 0.65 g/tonne (9.0 million ounces of gold) and additional measured and indicated resources of 274.51 million tonnes at 0.52 g/tonne (4.62 million ounces), exclusive of reserves.
A Technical Report Summary outlines a 65,000‑ton‑per‑day open‑pit operation producing 6.4 million ounces over 21 years, with estimated initial capital of $1.93 billion, all‑in sustaining costs of $1,171 per ounce and a net present value (5%) of $400 million at $1,800 gold. The study is preliminary and the company notes the project is only marginally viable at a $1,680 gold price and 5.3% internal rate of return.
To advance feasibility and metallurgical work, the company completed a January 2026 public offering of 33,672,000 common shares at $2.22 per share for gross proceeds of about $74.8 million, plus a concurrent private placement of 19,520,000 shares to Paulson & Co. Inc. affiliates for about $43.3 million. Shares outstanding were 261,077,473 as of March 3, 2026. The report highlights ongoing permitting, environmental, community and technical risks, and confirms the company remains in the development stage with no current production.