International Tower Hill Mines Ltd
THM—
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International Tower Hill Mines Ltd AI Insights
Informational only. Not investment advice.Snapshot
- Zero revenue pre-production explorer burning 3.4M FCF TTM with only 2.3M cash - under 8 months runway without financing[Free Cash Flow TTM]
- P/B of 6.8x on 57.6M tangible book (96% in PP&E) implies market pricing 335M in speculative mine value[P/B Ratio]
- Zero debt with 57.6M equity but ROE of -7.5% TTM - capital preservation mode while developing Livengood project[Debt to Equity]
Watch Triggers
- Cash and Equivalents: Falls below 1.5M or financing announced — Signals imminent dilution timing and terms - critical for entry/exit decisions
- Issuance of Capital Stock: Any non-zero value in next quarter — Confirms dilution thesis; pricing reveals market's project valuation
- PP&E: Material increase from 55.4M baseline — Indicates project advancement and capital deployment toward production
Bull Case
57.6M tangible book (55.4M PP&E) at 6.8x P/B suggests market sees substantial optionality in Livengood gold deposit development
Tangible Book ValuePP&EP/B Ratio
Zero debt balance sheet provides clean slate for project financing without existing creditor claims on assets
Debt to EquityTotal Liabilities
Bear Case
Critical liquidity crisis: 2.3M cash with -3.4M FCF TTM means dilutive financing required within months at potentially distressed terms
Cash and EquivalentsFree Cash Flow TTM
6.8x P/B on zero-revenue explorer with -7.5% ROE prices in execution success before any production milestones achieved
P/B RatioROE TTMTotal Revenue TTM
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
25%
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Forward Thesis
Equity dilution inevitable within 12 months given cash burn rate and zero revenue generation
3-12mhigh
- 2.3M cash vs 3.4M annual burn = <8 month runway
- No debt capacity to bridge gap
- Pre-production status precludes operating cash flow
Cash 2.3M, FCF -3.4M TTMDebt/Equity 0%, no borrowing historyRevenue 0, Operating loss -4.2M TTM
Valuation Context
Caveats
THM Fundamentals
Mining, Quarrying, and Oil and Gas Extraction → Mining (except Oil and Gas)
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$648.86M | — | ||
$584.17M | — | ||
0.00 | — | ||
$0 | — | ||
$-0.01 | — | ||
0% | — | ||
0% | — | ||
$-1.16M | — | ||
-1.47% | +4.8% | — | |
Beta 5Y (Monthly) | unknown | — |
THM Dividend History
No dividends
THM Stock Splits
No stock splits
THM SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
05/08/26 | 03/31/26 | 10-Q | |
03/11/26 | 12/31/25 | 10-K | |
11/07/25 | 09/30/25 | 10-Q | |
08/08/25 | 06/30/25 | 10-Q | |
05/09/25 | 03/31/25 | 10-Q | |
03/12/25 | 12/31/24 | Unknown | |
11/07/24 | 09/30/24 | 10-Q | |
08/09/24 | 06/30/24 | 10-Q | |
05/10/24 | 03/31/24 | 10-Q | |
03/08/24 | 12/31/23 | 10-K | |
11/08/23 | 09/30/23 | 10-Q | |
08/07/23 | 06/30/23 | 10-Q | |
05/05/23 | 03/31/23 | 10-Q | |
03/08/23 | 12/31/22 | 10-K | |
11/10/22 | 09/30/22 | 10-Q | |
08/05/22 | 06/30/22 | 10-Q | |
05/12/22 | 03/31/22 | 10-Q | |
03/09/22 | 12/31/21 | 10-K | |
11/12/21 | 09/30/21 | 10-Q | |
08/06/21 | 06/30/21 | 10-Q | |
05/07/21 | 03/31/21 | 10-Q | |
03/10/21 | 12/31/20 | 10-K | |
11/06/20 | 09/30/20 | 10-Q | |
08/10/20 | 06/30/20 | 10-Q | |
05/08/20 | 03/31/20 | 10-Q | |
03/10/20 | 12/31/19 | 10-K | |
11/07/19 | 09/30/19 | 10-Q | |
08/09/19 | 06/30/19 | 10-Q | |
05/08/19 | 03/31/19 | 10-Q | |
03/15/19 | 12/31/18 | 10-K | |
11/02/18 | 09/30/18 | 10-Q | |
08/10/18 | 06/30/18 | 10-Q | |
05/04/18 | 03/31/18 | 10-Q | |
03/16/18 | 12/31/17 | 10-K | |
11/06/17 | 09/30/17 | 10-Q | |
08/11/17 | 06/30/17 | 10-Q | |
05/05/17 | 03/31/17 | 10-Q | |
03/15/17 | 12/31/16 | 10-K | |
11/14/16 | 09/30/16 | 10-Q | |
08/05/16 | 06/30/16 | 10-Q | |
05/06/16 | 03/31/16 | 10-Q | |
03/16/16 | 12/31/15 | 10-K | |
10/30/15 | 09/30/15 | 10-Q | |
08/06/15 | 06/30/15 | 10-Q | |
05/06/15 | 03/31/15 | 10-Q | |
03/11/15 | 12/31/14 | 10-K | |
11/05/14 | 09/30/14 | 10-Q | |
08/07/14 | 06/30/14 | 10-Q | |
05/07/14 | 03/31/14 | 10-Q | |
03/12/14 | 12/31/13 | 10-K | |
11/06/13 | 09/30/13 | 10-Q | |
07/31/13 | 06/30/13 | 10-Q | |
05/08/13 | 03/31/13 | 10-Q | |
03/13/13 | 12/31/12 | 10-K | |
11/14/12 | 09/30/12 | 6-K | |
08/14/12 | 06/30/12 | 6-K | |
05/11/12 | 03/31/12 | 6-K | |
11/15/11 | 08/31/11 | 6-K | |
03/26/12 | 05/31/11 | 40-F | |
08/30/11 | 05/31/11 | 40-F | |
04/18/11 | 02/28/11 | 6-K | |
01/20/11 | 11/30/10 | 6-K | |
10/22/10 | 08/31/10 | 6-KP | |
08/30/10 | 05/31/10 | 40-F | |
04/16/10 | 02/28/10 | 6-K | |
01/20/10 | 11/30/09 | 6-K | |
11/06/09 | 08/31/09 | 6-K | |
08/31/09 | 05/31/09 | 40-F | |
09/11/09 | 02/28/09 | MS10-Q | |
11/30/08 | 11/30/08 | Unknown | -- |
08/31/08 | 08/30/08 | Unknown | -- |
05/31/08 | 05/30/08 | Unknown | -- |
02/29/08 | 02/29/08 | Unknown | -- |
12/03/07 | 11/30/07 | 20-F | |
08/31/07 | 08/30/07 | Unknown | -- |
05/31/07 | 05/30/07 | Unknown | -- |
02/28/07 | 02/28/07 | Unknown | -- |
11/30/06 | 11/30/06 | Unknown | -- |
08/31/06 | 08/30/06 | Unknown | -- |
05/31/06 | 05/30/06 | Unknown | -- |
02/28/06 | 02/28/06 | 6-K | |
11/30/05 | 11/30/05 | Unknown | -- |
08/31/05 | 08/30/05 | Unknown | -- |
05/31/05 | 05/30/05 | Unknown | -- |
02/28/05 | 02/28/05 | Unknown | -- |
11/30/04 | 11/30/04 | Unknown | -- |
08/31/04 | 08/30/04 | Unknown | -- |
11/18/04 | 05/30/04 | Unknown | -- |
02/29/04 | 02/29/04 | 6-K | |
11/30/03 | 11/30/03 | Unknown | -- |
08/31/03 | 08/30/03 | Unknown | -- |
10/27/03 | 05/30/03 | Unknown | -- |
02/28/03 | 02/28/03 | Unknown | -- |
11/30/02 | 11/30/02 | Unknown | -- |
08/31/02 | 08/30/02 | Unknown | -- |