2016 Q2 Form 10-Q Financial Statement
#000127956916003375 Filed on May 06, 2016
Income Statement
| Concept | 2016 Q2 | 2016 Q1 | 2015 Q1 |
|---|---|---|---|
| Revenue | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Cost Of Revenue | |||
| YoY Change | |||
| Gross Profit | |||
| YoY Change | |||
| Gross Profit Margin | |||
| Selling, General & Admin | $820.0K | $870.0K | $1.150M |
| YoY Change | -18.81% | -24.35% | -31.55% |
| % of Gross Profit | |||
| Research & Development | $1.180M | $800.0K | $400.0K |
| YoY Change | 42.17% | 100.0% | -35.48% |
| % of Gross Profit | |||
| Depreciation & Amortization | $1.325K | $1.315K | $1.769K |
| YoY Change | -25.14% | -25.66% | -55.16% |
| % of Gross Profit | |||
| Operating Expenses | $2.008M | $1.670M | $1.555M |
| YoY Change | 8.47% | 7.41% | -32.68% |
| Operating Profit | |||
| YoY Change | |||
| Interest Expense | -$90.00K | -$820.0K | $920.0K |
| YoY Change | -59.09% | -189.13% | -176.67% |
| % of Operating Profit | |||
| Other Income/Expense, Net | -$61.23K | -$817.0K | $918.6K |
| YoY Change | -69.09% | -188.94% | 9975.8% |
| Pretax Income | -$2.070M | -$2.490M | -$640.0K |
| YoY Change | 0.98% | 289.06% | -81.77% |
| Income Tax | |||
| % Of Pretax Income | |||
| Net Earnings | -$2.069M | -$2.487M | -$636.5K |
| YoY Change | 0.98% | 290.81% | -81.87% |
| Net Earnings / Revenue | |||
| Basic Earnings Per Share | |||
| Diluted Earnings Per Share | -$17.80K | -$21.41K | -$5.503K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 116.3M shares | 116.3M shares | |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2016 Q2 | 2016 Q1 | 2015 Q1 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $2.900M | $5.100M | $11.30M |
| YoY Change | -69.47% | -54.87% | -0.88% |
| Cash & Equivalents | $2.888M | $5.091M | $11.29M |
| Short-Term Investments | |||
| Other Short-Term Assets | $400.0K | $200.0K | $200.0K |
| YoY Change | 0.0% | 0.0% | 0.0% |
| Inventory | |||
| Prepaid Expenses | |||
| Receivables | |||
| Other Receivables | |||
| Total Short-Term Assets | $3.260M | $5.300M | $11.50M |
| YoY Change | -67.12% | -53.91% | -1.24% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $27.44K | $55.20M | $55.20M |
| YoY Change | -18.3% | 0.0% | -0.18% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | |||
| YoY Change | |||
| Total Long-Term Assets | $55.23M | $55.20M | $55.20M |
| YoY Change | -0.01% | 0.0% | -0.12% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $3.260M | $5.300M | $11.50M |
| Total Long-Term Assets | $55.23M | $55.20M | $55.20M |
| Total Assets | $58.49M | $60.50M | $66.70M |
| YoY Change | -10.22% | -9.29% | -0.32% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $125.6K | $200.0K | $200.0K |
| YoY Change | -41.4% | 0.0% | -35.41% |
| Accrued Expenses | $335.1K | $300.0K | $300.0K |
| YoY Change | -4.06% | 0.0% | -36.66% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | |||
| YoY Change | |||
| Total Short-Term Liabilities | $15.16M | $15.10M | $500.0K |
| YoY Change | 2590.35% | 2920.0% | -36.17% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Other Long-Term Liabilities | $0.00 | $0.00 | $14.50M |
| YoY Change | -100.0% | -100.0% | -11.04% |
| Total Long-Term Liabilities | $0.00 | $0.00 | $14.50M |
| YoY Change | -100.0% | -100.0% | -11.04% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $15.16M | $15.10M | $500.0K |
| Total Long-Term Liabilities | $0.00 | $0.00 | $14.50M |
| Total Liabilities | $15.16M | $15.13M | $15.00M |
| YoY Change | -0.02% | 0.84% | -12.2% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | -$235.5M | -$233.5M | |
| YoY Change | 2.92% | ||
| Common Stock | $277.7M | $277.7M | |
| YoY Change | 0.09% | ||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $43.33M | $45.38M | $51.75M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $58.49M | $60.50M | $66.70M |
| YoY Change | -10.29% | -9.3% | -0.32% |
Cashflow Statement
| Concept | 2016 Q2 | 2016 Q1 | 2015 Q1 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$2.069M | -$2.487M | -$636.5K |
| YoY Change | 0.98% | 290.81% | -81.87% |
| Depreciation, Depletion And Amortization | $1.325K | $1.315K | $1.769K |
| YoY Change | -25.14% | -25.66% | -55.16% |
| Cash From Operating Activities | -$2.190M | -$1.710M | -$1.150M |
| YoY Change | 11.17% | 48.7% | -43.9% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | $0.00 | ||
| YoY Change | -100.0% | ||
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $0.00 | ||
| YoY Change | -100.0% | ||
| Cash From Investing Activities | $0.00 | ||
| YoY Change | |||
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | |||
| YoY Change | |||
| NET CHANGE | |||
| Cash From Operating Activities | -2.190M | -1.710M | -1.150M |
| Cash From Investing Activities | 0.000 | ||
| Cash From Financing Activities | |||
| Net Change In Cash | -2.190M | -1.710M | -1.150M |
| YoY Change | 11.17% | 48.7% | -43.9% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$2.190M | -$1.710M | -$1.150M |
| Capital Expenditures | $0.00 | ||
| Free Cash Flow | -$1.150M | ||
| YoY Change | -43.07% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2015Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
122043 | USD |
| CY2016Q1 | dei |
Trading Symbol
TradingSymbol
|
THM | |
| CY2015Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
192226 | USD |
| CY2015Q1 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
200000 | USD |
| CY2016Q2 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
116313638 | shares |
| CY2015Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
6493486 | USD |
| CY2015Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
918611 | USD |
| CY2015Q1 | thm |
Consulting Fees
ConsultingFees
|
147370 | USD |
| CY2015Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-636495 | USD |
| CY2015Q1 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
|
-8379 | USD |
| CY2015Q1 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent
|
-1027199 | USD |
| CY2015Q1 | us-gaap |
Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
|
-1035578 | USD |
| CY2015Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-1672073 | USD |
| CY2015Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.01 | |
| CY2015Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
116313638 | shares |
| CY2016Q1 | thm |
Investor Relations Expenses
InvestorRelationsExpenses
|
20958 | USD |
| CY2016Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
1315 | USD |
| CY2016Q1 | us-gaap |
Exploration Expense Mining
ExplorationExpenseMining
|
796505 | USD |
| CY2016Q1 | us-gaap |
General Insurance Expense
GeneralInsuranceExpense
|
61749 | USD |
| CY2016Q1 | us-gaap |
Other Expenses
OtherExpenses
|
4476 | USD |
| CY2016Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
7837 | USD |
| CY2016Q1 | us-gaap |
Professional Fees
ProfessionalFees
|
42834 | USD |
| CY2016Q1 | thm |
Regulatory Expenses
RegulatoryExpenses
|
36738 | USD |
| CY2016Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-817042 | USD |
| CY2016Q1 | us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
35361 | USD |
| CY2016Q1 | us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
570238 | USD |
| CY2016Q1 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
6820 | USD |
| CY2016Q1 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
-700000 | USD |
| CY2016Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
1670414 | USD |
| CY2016Q1 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-123862 | USD |
| CY2016Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-2487456 | USD |
| CY2016Q1 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
|
-473 | USD |
| CY2016Q1 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent
|
299483 | USD |
| CY2016Q1 | us-gaap |
Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
|
299010 | USD |
| CY2016Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
116313638 | shares |
| CY2015Q1 | thm |
Investor Relations Expenses
InvestorRelationsExpenses
|
32203 | USD |
| CY2015Q1 | us-gaap |
Other Expenses
OtherExpenses
|
4761 | USD |
| CY2015Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
1769 | USD |
| CY2015Q1 | us-gaap |
General Insurance Expense
GeneralInsuranceExpense
|
67377 | USD |
| CY2015Q1 | us-gaap |
Exploration Expense Mining
ExplorationExpenseMining
|
401330 | USD |
| CY2015Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
6988 | USD |
| CY2015Q1 | thm |
Regulatory Expenses
RegulatoryExpenses
|
70852 | USD |
| CY2015Q1 | us-gaap |
Professional Fees
ProfessionalFees
|
50146 | USD |
| CY2015Q1 | us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
40880 | USD |
| CY2015Q1 | us-gaap |
Travel And Entertainment Expense
TravelAndEntertainmentExpense
|
20853 | USD |
| CY2015Q1 | us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
710577 | USD |
| CY2015Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
1555106 | USD |
| CY2015Q4 | us-gaap |
Assets Current
AssetsCurrent
|
6685712 | USD |
| CY2015Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
30083 | USD |
| CY2015Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
516479 | USD |
| CY2016Q1 | us-gaap |
Liabilities
Liabilities
|
15126209 | USD |
| CY2016Q1 | us-gaap |
Common Stock Value
CommonStockValue
|
243692185 | USD |
| CY2016Q1 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
34040368 | USD |
| CY2016Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
1115445 | USD |
| CY2016Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-233472436 | USD |
| CY2016Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
45375562 | USD |
| CY2015Q4 | us-gaap |
Assets
Assets
|
61919836 | USD |
| CY2016Q1 | us-gaap |
Mineral Properties Net
MineralPropertiesNet
|
55204041 | USD |
| CY2016Q1 | us-gaap |
Assets
Assets
|
60501771 | USD |
| CY2015Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
394436 | USD |
| CY2015Q1 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
702255 | USD |
| CY2015Q1 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
16356 | USD |
| us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Writedown Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForWritedownOfSecuritiesBeforeTax
|
219402 | USD | |
| CY2015Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
269712 | USD |
| CY2015Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-54027 | USD |
| CY2015Q1 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-2227045 | USD |
| CY2014Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
13521473 | USD |
| us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent
|
-566182 | USD | |
| CY2014Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
53155530 | USD |
| CY2015Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
269712 | USD |
| CY2016Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
60651 | USD |
| CY2015Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
51753169 | USD |
| us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
270756 | USD | |
| us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
|
2541 | USD | |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
-4176329 | USD | |
| CY2016Q1 | us-gaap |
Travel And Entertainment Expense
TravelAndEntertainmentExpense
|
19213 | USD |
| CY2016Q1 | thm |
Accrued General Corporate Cost Current
AccruedGeneralCorporateCostCurrent
|
21560 | USD |
| CY2016Q1 | thm |
Accrued Project Cost Current
AccruedProjectCostCurrent
|
227895 | USD |
| CY2015 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0097 | pure |
| CY2015 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0.00 | pure |
| CY2015Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
|
0.80 | |
| CY2015Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
11294428 | USD |
| CY2015Q1 | us-gaap |
Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
|
-21626 | USD |
| CY2015Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-680834 | USD |
| CY2015Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-1150492 | USD |
| CY2015Q1 | us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
-1076553 | USD |
| CY2016Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
10326 | USD |
| CY2016Q1 | us-gaap |
Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
|
-28870 | USD |
| CY2016Q1 | us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
306390 | USD |
| CY2016Q1 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-1402914 | USD |
| CY2016Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
60651 | USD |
| CY2016Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
6477 | USD |
| CY2016Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-1709304 | USD |
| CY2016Q1 | thm |
Increase Decrease In Advance To Contractors
IncreaseDecreaseInAdvanceToContractors
|
8835 | USD |
| CY2015Q1 | thm |
Increase Decrease In Advance To Contractors
IncreaseDecreaseInAdvanceToContractors
|
-19703 | USD |
| CY2016Q1 | us-gaap |
Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
|
14600000 | USD |
| CY2015Q4 | thm |
Capitalized Costs Mineral Properties
CapitalizedCostsMineralProperties
|
55204041 | USD |
| CY2016Q1 | thm |
Capitalized Costs Mineral Properties
CapitalizedCostsMineralProperties
|
55204041 | USD |
| CY2016Q1 | us-gaap |
Shipping Handling And Transportation Costs
ShippingHandlingAndTransportationCosts
|
-82 | USD |
| CY2016Q1 | thm |
Mining Activities Field Costs
MiningActivitiesFieldCosts
|
49484 | USD |
| CY2015Q1 | thm |
Mining Activities Field Costs
MiningActivitiesFieldCosts
|
73788 | USD |
| CY2016Q1 | thm |
Geological And Geophysical Costs
GeologicalAndGeophysicalCosts
|
590829 | USD |
| CY2015Q1 | thm |
Geological And Geophysical Costs
GeologicalAndGeophysicalCosts
|
72991 | USD |
| CY2016Q1 | us-gaap |
Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
|
35760 | USD |
| CY2015Q1 | us-gaap |
Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
|
36492 | USD |
| CY2016Q1 | us-gaap |
Legal Fees
LegalFees
|
36563 | USD |
| CY2015Q1 | us-gaap |
Legal Fees
LegalFees
|
15423 | USD |
| CY2016Q1 | thm |
Assay Costs
AssayCosts
|
0 | USD |
| CY2016Q1 | thm |
Environmental Costs
EnvironmentalCosts
|
72799 | USD |
| CY2015Q1 | thm |
Environmental Costs
EnvironmentalCosts
|
179994 | USD |
| CY2015Q1 | us-gaap |
Shipping Handling And Transportation Costs
ShippingHandlingAndTransportationCosts
|
951 | USD |
| CY2016Q1 | thm |
Equipment Rental
EquipmentRental
|
11152 | USD |
| CY2015Q1 | thm |
Equipment Rental
EquipmentRental
|
11707 | USD |
| CY2015Q1 | thm |
Assay Costs
AssayCosts
|
9984 | USD |
| CY2015Q1 | us-gaap |
Costs Incurred Exploration Costs
CostsIncurredExplorationCosts
|
401330 | USD |
| CY2016Q1 | us-gaap |
Costs Incurred Exploration Costs
CostsIncurredExplorationCosts
|
796505 | USD |
| CY2016Q1 | us-gaap |
Lessor Leasing Arrangements Operating Leases Renewal Term
LessorLeasingArrangementsOperatingLeasesRenewalTerm
|
P19Y | |
| CY2015Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
127502 | USD |
| CY2015Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
247034 | USD |
| CY2015Q4 | thm |
Accrued Severance Cost Current
AccruedSeveranceCostCurrent
|
19900 | USD |
| CY2016Q1 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
249455 | USD |
| CY2016Q1 | thm |
Accrued Severance Cost Current
AccruedSeveranceCostCurrent
|
17800 | USD |
| CY2016Q1 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
40452 | USD |
| CY2015Q4 | thm |
Accrued General Corporate Cost Current
AccruedGeneralCorporateCostCurrent
|
27535 | USD |
| CY2015Q4 | thm |
Accrued Project Cost Current
AccruedProjectCostCurrent
|
219499 | USD |
| CY2011Q4 | thm |
Derivative Liability Value On Initial Recognition
DerivativeLiabilityValueOnInitialRecognition
|
23100000 | USD |
| CY2016Q1 | thm |
Forward Curve Assumption Based Estimated Average Gold Price Per Ounce Of Gold
ForwardCurveAssumptionBasedEstimatedAverageGoldPricePerOunceOfGold
|
1352 | |
| CY2015Q4 | us-gaap |
Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
|
13900000 | USD |
| CY2015Q4 | thm |
Forward Curve Assumption Based Estimated Average Gold Price Per Ounce Of Gold
ForwardCurveAssumptionBasedEstimatedAverageGoldPricePerOunceOfGold
|
1320 | |
| CY2016Q1 | us-gaap |
Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
|
14600000 | USD |
| CY2016Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
500000000 | shares |
| CY2016Q1 | thm |
Share Based Compensation Arrangement By Share Based Payment Award Percentage Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardPercentageOfSharesAuthorized
|
0.1 | pure |
| CY2014Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
5854000 | shares |
| CY2014Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
2.68 | |
| CY2015 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
0.80 | |
| CY2015 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
2135200 | shares |
| CY2015 | thm |
Share Based Compensation Arrangement By Share Based Payment Award Options Cancellation In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsCancellationInPeriod
|
1923000 | shares |
| CY2015 | thm |
Share Based Compensation Arrangements By Share Based Payment Award Options Cancellation In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsCancellationInPeriodWeightedAverageExercisePrice
|
4.01 | |
| CY2015Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
6066200 | shares |
| CY2015Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
1.60 | |
| CY2016Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
0 | shares |
| CY2016Q1 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
0 | |
| CY2016Q1 | thm |
Share Based Compensation Arrangement By Share Based Payment Award Options Cancellation In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsCancellationInPeriod
|
0 | shares |
| CY2016Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
6066200 | shares |
| CY2016Q1 | thm |
Share Based Compensation Arrangements By Share Based Payment Award Options Cancellation In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsCancellationInPeriodWeightedAverageExercisePrice
|
0 | |
| CY2016Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
1.60 | |
| CY2015Q4 | thm |
Share Based Compensation Arrangement By Share Based Payment Award Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonvestedNumber
|
2030136 | shares |
| CY2015Q4 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
|
0.34 | |
| CY2016Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
|
1347401 | shares |
| CY2016Q1 | thm |
Share Based Compensation Arrangement By Share Based Payment Award Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonvestedNumber
|
682735 | shares |
| CY2016Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
|
0.38 | |
| CY2016Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
|
0.25 | |
| CY2016Q1 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
|
81390 | CAD |
| CY2016Q1 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
|
P11M16D | |
| CY2015 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.8060 | pure |
| CY2015 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P6Y | |
| CY2016Q1 | us-gaap |
Contractual Obligation Future Minimum Payments Due Remainder Of Fiscal Year
ContractualObligationFutureMinimumPaymentsDueRemainderOfFiscalYear
|
496317 | USD |
| CY2016Q1 | us-gaap |
Contractual Obligation
ContractualObligation
|
17839085 | USD |
| CY2016Q1 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> </div> <table style="BORDER-BOTTOM: 0px solid; BORDER-LEFT: 0px solid; MARGIN-TOP: 0pt; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0pt; BORDER-TOP: 0px solid; BORDER-RIGHT: 0px solid" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"></td> <td style="WIDTH: 0.5in"><b>1.</b></td> <td style="TEXT-ALIGN: justify"><b>GENERAL INFORMATION, NATURE OF OPERATIONS AND LIQUIDITY RISK</b></td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 0pt 0.5in; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 0pt 0.5in; FONT: 10pt Times New Roman, Times, Serif"> International Tower Hill Mines Ltd. (“ITH” or the "Company") is incorporated under the laws of British Columbia, Canada. The Company’s head office address is 2300-1177 West Hastings Street, Vancouver, British Columbia, Canada.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 0pt 0.5in; FONT: 10pt Times New Roman, Times, Serif">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 0pt 0.5in; FONT: 10pt Times New Roman, Times, Serif"> International Tower Hill Mines Ltd. consists of ITH and its wholly owned subsidiaries Tower Hill Mines, Inc. (“TH Alaska”) (an Alaska corporation), Tower Hill Mines (US) LLC (“TH US”) (a Colorado limited liability company), Livengood Placers, Inc. (“LPI”) (a Nevada corporation), and 813034 Alberta Ltd. (an Alberta corporation). The Company is 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. At March 31, 2016, the Company was in the exploration stage and controls a 100% interest in its Livengood Gold Project in Alaska, U.S.A.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 0pt 0.5in; FONT: 10pt Times New Roman, Times, Serif">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 0pt 0.5in; FONT: 10pt Times New Roman, Times, Serif"> These unaudited condensed consolidated interim financial statements have been prepared on a going-concern basis, which presumes the realization of assets and discharge of liabilities in the normal course of business for the foreseeable future.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 0pt 0.5in; FONT: 10pt Times New Roman, Times, Serif">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 0pt 0.5in; FONT: 10pt Times New Roman, Times, Serif"> The Company will require significant additional financing to continue its operations in connection with advancing activities at the Livengood Gold Project, to make the Additional Payment due on January 12, 2017 (see Note 6) and for the development of any mine that may be determined to be built at the Livengood Gold Project. There is no assurance that the Company will be able to obtain the additional financing required on acceptable terms, if at all.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 0pt 0.5in; FONT: 10pt Times New Roman, Times, Serif">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 0pt 0.5in; FONT: 10pt Times New Roman, Times, Serif"> As of March 31, 2016, the Company’s estimate of the amount of the Additional Payment is $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">14,600,000</font>, which significantly exceeds the Company’s available cash resources, and therefore the Company will be required to obtain significant additional financing on or before January 12, 2017 in order to be able to make this payment.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 0pt 0.5in; FONT: 10pt Times New Roman, Times, Serif">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 0pt 0.5in; FONT: 10pt Times New Roman, Times, Serif"> Should the Company be unable to make the Additional Payment, the Company will have 30 days to remedy the event of default. Should the default not be remedied, the Company may be required to deliver the underlying claims, which are not part of the project’s gold resource but are part of the 75 square mile Livengood land package, into a trust in order for them to be sold. Should the proceeds from sale not be sufficient to satisfy the outstanding amount of the Additional Payment, the beneficiaries will have recourse against the Company for any shortfall. The Company considers it highly likely that the proceeds from any such sale, should it prove necessary, would be sufficient to satisfy the amount of the Additional Payment.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 0pt 0.5in; FONT: 10pt Times New Roman, Times, Serif">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 0pt 0.5in; FONT: 10pt Times New Roman, Times, Serif"> In addition, any significant delays in the issuance of required permits for the ongoing work at the Livengood Gold Project, or unexpected results in connection with the ongoing work, could result in the Company being required to raise additional funds to advance permitting efforts. The Company’s review of its financing options includes pursuing a strategic alliance to assist in further development, permitting and future construction costs.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 0pt 0.5in; FONT: 10pt Times New Roman, Times, Serif">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 0pt 0.5in; FONT: 10pt Times New Roman, Times, Serif"> Despite the Company’s success to date in raising significant equity financing to fund its operations, there is significant uncertainty that the Company will be able to secure any additional financing in the current or future equity markets. The amount of funds to be raised and the terms of any proposed equity financing that may be undertaken will be negotiated by management as opportunities to raise funds arise. Specific plans related to the use of proceeds will be devised once financing has been completed and management knows what funds will be available for these purposes. Due to this uncertainty, if the Company is unable to secure additional financing, it may be required to reduce all discretionary activities at the Project to preserve its working capital to fund anticipated non-discretionary expenditures beyond the 2016 fiscal year.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> | |
| CY2016Q1 | us-gaap |
Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
|
0 | USD |
| CY2015Q4 | us-gaap |
Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
|
13900000 | USD |
| CY2016Q1 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
14600000 | USD |
| CY2015Q4 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
0 | USD |
| CY2016Q1 | us-gaap |
Common Stock No Par Value
CommonStockNoParValue
|
0 | |
| CY2015Q4 | us-gaap |
Common Stock No Par Value
CommonStockNoParValue
|
0 | |
| CY2015Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
500000000 | shares |
| CY2016Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
116313638 | shares |
| CY2015Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
116313638 | shares |
| CY2016Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
116313638 | shares |
| CY2015Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
116313638 | shares |
| CY2016Q1 | us-gaap |
Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
|
541348 | USD |
| CY2016Q1 | us-gaap |
Contractual Obligation Due In Third Year
ContractualObligationDueInThirdYear
|
546477 | USD |
| CY2016Q1 | us-gaap |
Contractual Obligation Due In Fourth Year
ContractualObligationDueInFourthYear
|
556682 | USD |
| CY2016Q1 | thm |
Contractual Obligation Due In After Fourth Year
ContractualObligationDueInAfterFourthYear
|
561966 | USD |
| CY2016Q1 | us-gaap |
Acquisition Costs
AcquisitionCosts
|
0 | USD |
| CY2016Q1 | us-gaap |
Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
|
15136295 | USD |
| CY2016Q1 | thm |
Period For Which Average Gold Price Per Ounce Of Golds Considered For Calculation Of Additional Payment
PeriodForWhichAverageGoldPricePerOunceOfGoldsConsideredForCalculationOfAdditionalPayment
|
P5Y | |
| CY2016Q1 | us-gaap |
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
|
6066200 | shares |
| CY2015Q4 | us-gaap |
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
|
6066200 | shares |
| CY2016Q1 | us-gaap |
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
|
5383465 | shares |
| CY2015Q4 | us-gaap |
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
|
4036064 | shares |
| CY2016Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P4Y9M18D | |
| CY2016Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
60651 | USD |
| CY2015Q1 | thm |
Share Based Compensation Arrangement By Share Based Payment Award Options Granted In Period Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantedInPeriodFairValue
|
429359 | USD |
| CY2015Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
269712 | USD |
