INTERNATIONAL TOWER HILL MINES LTD

Listed Company

THMCIK 0001134115NYSENon-AcceleratedSmaller ReportingMetal MiningA1CAFY ends Dec 31

Period

FY 2024

Revenue

—

Net Income

$-3.60M

Total Assets

$56.52M

Equity

$56.34M

Shares Out

195.89M

Op. Cash Flow

$-2.89M

Business

INTERNATIONAL TOWER HILL MINES LTD is engaged in the acquisition and development of mineral properties and currently holds the development-stage Livengood Gold Project, with no commercial production to date. The company conducts mineral exploration, resource and reserve definition, technical and metallurgical studies, permitting activities, and community engagement to support project advancement. Its operations and oversight include three subsidiaries—Tower Hill Mines, Inc., Tower Hill Mines (US) LLC and Livengood Placers, Inc.—and a Technical Committee that monitors environmental, health and safety matters. All of the company’s exploration and development activities are concentrated in the State of Alaska, with administrative and project support provided through its U.S. subsidiaries and external consultants, and work conducted under applicable Alaska permitting processes.

Summary from filing dated 2025-03-12

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31
Consulting fees	752,145	562,498	551,163	612,387	472,413
Insurance	204,677	209,314	202,893	179,659	144,837
Investor relations	59,475	51,520	65,591	77,256	57,206
Mineral property	1	1	1	4	2
Office	27,682	31,899	28,529	33,292	27,590
Other	16,847	16,071	16,130	17,181	17,774
Professional fees	241,059	267,056	226,439	210,594	219,268
Regulatory	149,557	144,571	137,947	178,264	138,191
Rent	135,176	135,183	135,200	135,372	135,762
Travel	33,516	45,925	29,935	18,464	20,450
Wages and benefits	957,809	821,489	914,078	935,073	808,837
Total operating expenses	−4	−3	−3	−6	−4
Gain (loss) on foreign exchange	106,386	−30,754	348,207	−101,818	−191,071
Interest income	83,936	97,126	5,739	20,260	76,361
Other income	0	22,160	—	—	—
Total other income (expense)	190,322	88,532	404,346	−64,839	−103,889
Net loss for the year	−4	−3	−3	−6	−5
Exchange difference on translating foreign operations	−115,710	28,632	−327,925	68,893	185,217
Total other comprehensive income (loss) for the year	−115,710	28,632	−327,925	68,893	185,217
Comprehensive loss for the year	−4	−3	−3	−6	−4
Basic loss per share	−0.02	−0.02	−0.02	−0.03	−0.02
Diluted loss per share	−0.02	−0.02	−0.02	−0.03	−0.02
Weighted average number of shares outstanding - basic	200	196	195	195	190
Weighted average number of shares outstanding - diluted	200	196	195	195	190

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31
Cash and cash equivalents	992,487	2	5	8	13
Prepaid expenses and other	144,693	304,726	152,572	141,680	162,079
Total current assets	1	2	5	8	13
Property and equipment	7,465	7,465	7,465	7,465	7,832
Mineral property	55	55	55	55	55
Total assets	57	57	60	63	69
Accounts payable	38,374	92,855	53,539	259,648	199,026
Accrued liabilities	139,103	142,096	234,846	320,233	293,965
Total liabilities	177,477	234,951	288,385	579,881	492,991
Share capital, no par value; unlimited number of authorized shares; 199,693,442 and 195,885,531 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively	291	289	288	288	288
Contributed surplus	37	36	36	36	35
Accumulated other comprehensive income	1	2	2	2	2
Deficit	−273	−270	−266	−263	−257
Total shareholders' equity	56	57	60	63	68
Total liabilities and shareholders' equity	57	57	60	63	69

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31
Loss for the year	−4	−3	−3	−6	−5
Stock-based compensation-option	320,448	91,382	135,451	167,267	90,914
Stock-based compensation-DSU	293,242	323,804	313,023	367,850	—
Accounts receivable	5,165	−22,951	5,794	18,770	94,795
Prepaid expenses	134,473	−126,741	−22,076	1,555	−14,447
Accounts payable and accrued liabilities	−47,498	−55,470	−287,457	86,964	156,302
Cash used in operating activities	−3	−3	−3	−5	−4
Issuance of common shares	3	0	290,290	0	10
Share issuance costs	−224,823	0	—	0	−480,946
Cash provided by financing activities	2	0	290,290	0	10
Effect of foreign exchange on cash and cash equivalents	−105,291	28,206	−326,574	68,893	—
Decrease in cash and cash equivalents	−695,203	−3	−3	−5	6

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