INTERNATIONAL TOWER HILL MINES LTD
THM · Metal Mining · 195.9M shares · +1%/yr ↑ dilution · EDGAR filings ↗
Reference price $2.56 · est. market cap ~$501M — last insider purchase, 2026-04-16 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
D50Pre-revenue, single-asset development-stage gold explorer with a history of losses and only marginal project economics.
Strengths
- Large Livengood reserve (9.0M oz) and a recently completed ~$118M equity/private placement (Jan 2026) extending funding runway
- Net loss is small in absolute terms ($4.6M) with no operating debt burden
Risks
- No revenue since inception; TRS shows only a 5.3% IRR at $1,680/oz gold — marginally viable and capital-intensive ($1.93B capex)
- Dependent on future financing and permitting; going-concern-type language and single-project concentration
Notable findings
Key metrics
Return on equity
-8.2%
Return on assets
-8.2%
Tangible book value
$56M
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-04-16 | PAULSON & CO. INC. | Buy | 4.9M | $2.56 |
| 2026-01-29 | PAULSON & CO. INC. | Buy | 1.5M | $2.22 |
| 2026-01-28 | PAULSON & CO. INC. | Buy | 9.8M | $2.22 |
| 2026-01-27 | ELECTRUM GLOBAL HOLDINGS L.P. | Buy | 3.2M | $2.22 |
| 2026-01-27 | PAULSON & CO. INC. | Buy | 18.0M | $2.22 |
| 2025-03-03 | PAULSON & CO. INC. | Buy | 6.0M | $0.48 |
| 2025-02-27 | Electrum Strategic Opportunities Fund II L.P. | Buy | 1.2M | $0.48 |
All non-derivative Form 4 activity (SEC), newest first.
Supply chain
Customers (0)
Suppliers (3)
- BBA Inc.
- Whittle Consulting
- Whittle Engineering
Named in the 10-K; linked when we track them.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-29 | Shareholder vote | filing ↗ |
| 2026-04-07 | Exec/director changeReg FDExhibits | filing ↗ |
| 2026-02-13 | Exec/director changeExhibits | filing ↗ |
| 2026-01-27 | Material agreement3.02OtherExhibits | filing ↗ |
| 2025-06-06 | Shareholder vote | filing ↗ |
| 2025-03-04 | Material agreement3.02Reg FDExhibits | filing ↗ |
| 2024-12-06 | Material agreementExhibits | filing ↗ |
| 2024-05-30 | Shareholder vote | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-29 | 2026-05-27 | 0001104659-26-068305 ↗ |
| 10-Q | 2026-05-08 | 2026-03-31 | 0001104659-26-057981 ↗ |
| 8-K | 2026-04-07 | 2026-04-01 | 0001104659-26-040385 ↗ |
| 10-K | 2026-03-11 | 2025-12-31 | 0001104659-26-026416 ↗ |
| 8-K | 2026-02-13 | 2026-02-09 | 0001104659-26-015257 ↗ |
| 8-K | 2026-01-27 | 2026-01-21 | 0001104659-26-007044 ↗ |
| 10-Q | 2025-11-07 | 2025-09-30 | 0001104659-25-108150 ↗ |
| 10-Q | 2025-08-08 | 2025-06-30 | 0001410578-25-001650 ↗ |
| 8-K | 2025-06-06 | 2025-06-04 | 0001104659-25-056960 ↗ |
| 10-Q | 2025-05-09 | 2025-03-31 | 0001410578-25-001126 ↗ |
| 10-K | 2025-03-12 | 2024-12-31 | 0001410578-25-000319 ↗ |
| 8-K | 2025-03-04 | 2025-02-26 | 0001104659-25-020295 ↗ |