International Tower Hill Mines Ltd. (T:ITH)
Business Focus: Gold Mining
| Sector: Basic Materials | Industry: Gold |
| Company Contact | |
| Address: | 200 Burrard Street, Suite 1570 VANCOUVER BC V6C 3L6 |
| Tel: | N/A |
| Website: | https://www.ithmines.com |
| IR: | See website |
| Key People | ||
| Karl L. Hanneman Chief Executive Officer, Director | David Allen Cross Chief Financial Officer | |
| Business Overview |
| International Tower Hill Mines Ltd. is a Canada-based mineral exploration company. The Company is engaged in the business of acquiring, exploring and evaluating mineral properties, and either joint venturing or developing these properties further or disposing of them when the evaluation is completed. It is in the exploration stage and controls a 100% interest in its Livengood Gold Project in Alaska, United States. The Livengood property is located in the Tintina gold belt approximately 113 kilometers (70 miles) northwest of Fairbanks, Alaska, in the Tolovana Mining District within the Tintina Gold Belt. The property consists of land leased from the Alaska Mental Health Trust, a number of smaller private mineral leases, Alaska state mining claims purchased or located by it and patented ground held by the Company. The Livengood Gold Project covers approximately 19,546 hectares (48,300 acres), all of which are controlled by it through its wholly owned subsidiary, Tower Hill Mines, Inc. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, International Tower Hill Mines Ltd revenues was not reported. Net loss increased 12% to $3.4M. Higher net loss reflects Gain (loss) on foreign exchange decrease from $348K (income) to $31K (expense), Mineral property increase of 6% to $1.2M (expense), Professional fees increase of 18% to $267K (expense). Basic Earnings per Share excluding Extraordinary Items remained flat at -$0.02. |
| Employees: | 3 as of Dec 31, 2022 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $173.60M as of Dec 31, 2023 |
| Annual revenue (TTM): | $0.00M as of Dec 31, 2023 |
| EBITDA (TTM): | -$4.77M as of Dec 31, 2023 |
| Net annual income (TTM): | -$4.64M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$4.36M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 199,693,442 as of Feb 29, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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