INTERNATIONAL TOWER HILL MINES LTD Segments Disclosure
8. SEGMENT AND GEOGRAPHIC INFORMATION
The Company operates in reportable operating segment, being the exploration and development of mineral properties. This segment does not presently report any revenues from operations. The Company’s Chief Executive Officer (“CEO”) acts as the Chief Operating Decision Maker (“CODM”) and the CODM uses consolidated net income/loss as the measure of segment profit and loss to assess performance and allocate resources. The measure of segment assets is reported on the consolidated balance sheet as total consolidated assets, with a majority of these assets located in the United States.
We reported no revenues during the years ended December 31, 2024 or 2023.
The following tables present selected financial information by geographic location:
|
| Canada |
| United States |
| Total | |||
December 31, 2024 |
|
|
|
|
|
| |||
Mineral property | $ | — | $ | 55,375,124 | $ | 55,375,124 | |||
Property and equipment |
| 7,465 |
| — |
| 7,465 | |||
Current assets |
| 652,473 |
| 484,707 |
| 1,137,180 | |||
Total assets | $ | 659,938 | $ | 55,859,831 | $ | 56,519,769 | |||
|
|
| |||||||
December 31, 2023 |
|
|
| ||||||
Mineral property | $ | — | $ | 55,375,124 | $ | 55,375,124 | |||
Property and equipment |
| 7,465 |
| — |
| 7,465 | |||
Current assets |
| 1,512,431 |
| 479,985 |
| 1,992,416 | |||
Total assets | $ | 1,519,896 | $ | 55,855,109 | $ | 57,375,005 | |||
|
| Year Ended |
| Year Ended | ||
December 31, | December 31, | |||||
2024 | 2023 | |||||
| ||||||
Net loss for the year - Canada | $ | (1,138,375) | $ | (1,108,518) | ||
Net loss for the year - United States |
| (2,460,997) |
| (2,289,451) | ||
Net loss for the year | $ | (3,599,372) | $ | (3,397,969) | ||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2024 | Mar 12, 2025 | Showing above |
| 2023 | Mar 8, 2024 | |
| 2022 | Mar 8, 2023 | |
| 2021 | Mar 9, 2022 | |
| 2020 | Mar 10, 2021 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.