INTERNATIONAL TOWER HILL MINES LTD THM
ITH is a company engaged in the acquisition and development of mineral properties. The Company currently holds a 100% interest in a development stage project in Alaska referred to as the "Livengood Gold Project" or the "Project". The Company has not yet begun extraction of mineralization from the deposit or reached commercial production. As of December 31, 2025, the Livengood Gold Project has (i) proven and probable reserves of 430.1 million tonnes at an average grade of 0.65 g/tonne (9.0 million ounces) based on a gold price of $1,680 per ounce and (ii) measured and indicated mineral resources, exclusive of mineral reserves, of 274.51 million tonnes at an average grade of 0.52 g/tonne (4.62 million ounces) based on a gold price of $1,650 per ounce, in each case as reported in the TRS attached as Exhibit 96.1 to the 2022 Annual Report on Form 10-K/A filed with the SEC on October 17, 2023. A more complete description of the Livengood Gold Project, including detailed presentation of resources and reserves, is set forth in Part I, Item 2. Properties of this Annual Report on Form 10-K.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | — | — | — | — | — | — | — |
| Cost of revenue | — | — | — | — | — | — | — | $1.6M | $2.4M | — |
| SG&A | $30.0K | $27.7K | $31.9K | $28.5K | $33.3K | $27.6K | $30.5K | $33.9K | $35.3K | $38.4K |
| Total operating expenses | $4.5M | $3.8M | $3.5M | $3.4M | $5.9M | $4.4M | $3.7M | $4.9M | $6.1M | $6.1M |
| Pre-tax income | -$4.6M | -$3.6M | -$3.4M | -$3.0M | -$6.0M | -$4.5M | -$3.8M | -$4.2M | -$6.4M | -$7.2M |
| Income tax | — | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net income | $4.6M | $3.6M | $3.4M | -$3.0M | -$6.0M | -$4.5M | -$3.8M | -$4.2M | -$6.4M | -$7.2M |
| EPS, basic | -0.02 | -0.02 | -0.02 | -0.02 | -0.03 | -0.02 | — | — | — | — |
| EPS, diluted | -0.02 | -0.02 | -0.02 | -0.02 | -0.03 | -0.02 | -0.02 | -0.02 | -0.04 | -0.06 |
| Shares, diluted (wtd. avg.) | 207.9M | 199.7M | 195.6M | 195.2M | 194.9M | 189.9M | — | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.4M | $992.5K | $1.7M | $4.8M | $7.8M | $13.0M | $6.9M | $10.2M | $2.2M | $22.5M |
| Total current assets | $1.5M | $1.1M | $2.0M | $5.0M | $7.9M | $13.2M | $7.2M | $10.4M | $2.4M | $22.7M |
| Property, plant and equipment | $7.5K | $7.5K | $7.5K | $7.5K | $7.5K | $7.8K | $15.4K | $17.8K | $20.8K | $24.8K |
| Total assets | $56.9M | $56.5M | $57.4M | $60.4M | $63.3M | $68.6M | $62.6M | $65.7M | $57.6M | $77.9M |
| Accounts payable | $145.9K | $38.4K | $92.9K | $53.5K | $259.6K | $199.0K | $18.4K | $43.5K | $82.3K | $179.5K |
| Total current liabilities | — | — | — | — | — | — | — | — | — | $15.1M |
| Total liabilities | $498.0K | $177.5K | $235.0K | $288.4K | $579.9K | $493.0K | $335.8K | $548.0K | $428.8K | $15.1M |
| Retained earnings | -$277.8M | -$273.2M | -$269.6M | -$266.2M | -$263.1M | -$257.1M | -$252.6M | -$248.8M | -$244.6M | -$238.2M |
| Total equity | $56.4M | $56.3M | $57.1M | $60.1M | $62.7M | $68.1M | $62.2M | $65.2M | $57.2M | $62.8M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$3.6M | -$2.9M | -$3.2M | -$2.9M | -$5.3M | -$3.9M | -$3.7M | -$3.5M | -$5.8M | -$6.4M |
| Depreciation and amortisation | — | — | — | $0 | $367 | $7.6K | $2.3K | $3.0K | $4.0K | $5.3K |
| Stock-based compensation | — | — | — | — | — | — | — | $189.4K | $62.0K | $108.5K |
| Capital expenditure | — | — | — | — | — | — | $101.7K | $69.4K | $0 | — |
| Investing cash flow | — | — | — | — | — | $0 | -$101.7K | -$54.9K | $0 | $0 |
| Financing cash flow | $3.8M | $2.3M | $0 | $290.3K | $0 | $9.8M | $64.3K | $12.1M | -$14.7M | $21.9M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-040922.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | -$7.2M | -$6.4M | -$4.2M | -$3.8M | -$4.5M | -$6.0M | -$3.0M | $3.4M | $3.6M | $4.6M |
Recent filings and events
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Officer or director change Item 5.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Officer or director change Item 5.02
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Shareholder vote Item 5.07
- Annual report filed Form 10-K
- Material agreement signed Item 1.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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