$THM
INTERNATIONAL TOWER HILL MINES LTD

2017 Q2 Form 10-Q Financial Statement

#000127956917001659 Filed on August 11, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2016 Q4 2016 Q2
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue $668.4K
YoY Change
Gross Profit -$668.4K
YoY Change
Gross Profit Margin
Selling, General & Admin $900.0K $850.0K $820.0K
YoY Change 9.76% -1.16% -18.81%
% of Gross Profit
Research & Development $670.0K $140.0K $1.180M
YoY Change -43.22% -66.67% 42.17%
% of Gross Profit
Depreciation & Amortization $998.00 $10.00K $1.325K
YoY Change -24.68% -25.14%
% of Gross Profit
Operating Expenses $1.579M $1.000M $2.008M
YoY Change -21.35% -22.48% 8.47%
Operating Profit -$2.247M
YoY Change
Interest Expense -$70.00K -$110.0K -$90.00K
YoY Change -22.22% -128.21% -59.09%
% of Operating Profit
Other Income/Expense, Net -$48.68K $0.00 -$61.23K
YoY Change -20.49% -69.09%
Pretax Income -$1.630M -$1.110M -$2.070M
YoY Change -21.26% -0.89% 0.98%
Income Tax
% Of Pretax Income
Net Earnings -$1.628M -$1.110M -$2.069M
YoY Change -21.33% -0.91% 0.98%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$10.05K -$9.418K -$17.80K
COMMON SHARES
Basic Shares Outstanding 162.2M shares 116.4M shares 116.3M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2017 Q2 2016 Q4 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.500M $22.50M $2.900M
YoY Change 55.17% 246.15% -69.47%
Cash & Equivalents $4.522M $22.47M $2.888M
Short-Term Investments
Other Short-Term Assets $400.0K $200.0K $400.0K
YoY Change 0.0% 0.0% 0.0%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $4.872M $22.70M $3.260M
YoY Change 49.47% 239.53% -67.12%
LONG-TERM ASSETS
Property, Plant & Equipment $22.80K $55.20M $27.44K
YoY Change -16.91% 183392.34% -18.3%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $55.23M $55.20M $55.23M
YoY Change -0.01% -0.06% -0.01%
TOTAL ASSETS
Total Short-Term Assets $4.872M $22.70M $3.260M
Total Long-Term Assets $55.23M $55.20M $55.23M
Total Assets $60.10M $77.90M $58.49M
YoY Change 2.75% 25.81% -10.22%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $22.95K $200.0K $125.6K
YoY Change -81.72% 63.88% -41.4%
Accrued Expenses $200.0K $210.2K $335.1K
YoY Change -40.31% -46.71% -4.06%
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 $300.0K $15.10M $15.16M
YoY Change -98.02% 2823.64% 2590.35%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $0.00 $0.00
YoY Change -100.0% -100.0%
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $300.0K $15.10M $15.16M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $267.3K $15.08M $15.16M
YoY Change -98.24% 4.63% -0.02%
SHAREHOLDERS EQUITY
Retained Earnings -$238.2M -$235.5M
YoY Change 3.11% 2.92%
Common Stock $299.6M $299.6M $277.7M
YoY Change 7.87% 7.91% 0.09%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $59.83M $62.82M $43.33M
YoY Change
Total Liabilities & Shareholders Equity $60.10M $77.90M $58.49M
YoY Change 2.75% 25.81% -10.29%

Cashflow Statement

Concept 2017 Q2 2016 Q4 2016 Q2
OPERATING ACTIVITIES
Net Income -$1.628M -$1.110M -$2.069M
YoY Change -21.33% -0.91% 0.98%
Depreciation, Depletion And Amortization $998.00 $10.00K $1.325K
YoY Change -24.68% -25.14%
Cash From Operating Activities -$2.080M -$1.320M -$2.190M
YoY Change -5.02% 9.09% 11.17%
INVESTING ACTIVITIES
Capital Expenditures $0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
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 0.000 21.85M
YoY Change
NET CHANGE
Cash From Operating Activities -2.080M -1.320M -2.190M
Cash From Investing Activities 0.000
Cash From Financing Activities 0.000 21.85M
Net Change In Cash -2.080M 20.53M -2.190M
YoY Change -5.02% -1796.69% 11.17%
FREE CASH FLOW
Cash From Operating Activities -$2.080M -$1.320M -$2.190M
Capital Expenditures $0.00
Free Cash Flow -$1.320M
YoY Change 9.09%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2016Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
1344219 USD
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-238175608 USD
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
62817708 USD
thm Consulting Fees
ConsultingFees
136687 USD
thm Consulting Fees
ConsultingFees
146775 USD
CY2017Q2 us-gaap Liabilities
Liabilities
267258 USD
CY2017Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
350079 USD
CY2017Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
1596152 USD
CY2017Q2 us-gaap Assets Current
AssetsCurrent
4872051 USD
CY2017Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
34092428 USD
CY2017Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
60098895 USD
CY2017Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
22803 USD
CY2017Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
22950 USD
CY2017Q2 us-gaap Common Stock Value
CommonStockValue
265524796 USD
us-gaap Other Expenses
OtherExpenses
9948 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
21149 USD
us-gaap Professional Fees
ProfessionalFees
115118 USD
thm Regulatory Expenses
RegulatoryExpenses
74696 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-203945 USD
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
70794 USD
us-gaap Travel And Entertainment Expense
TravelAndEntertainmentExpense
47731 USD
us-gaap Labor And Related Expense
LaborAndRelatedExpense
1035984 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
17980 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2640 USD
us-gaap General Insurance Expense
GeneralInsuranceExpense
131206 USD
thm Investor Relations Expenses
InvestorRelationsExpenses
49387 USD
us-gaap Exploration Expense Mining
ExplorationExpenseMining
1976167 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
20459 USD
us-gaap Other Expenses
OtherExpenses
10021 USD
us-gaap Professional Fees
ProfessionalFees
91950 USD
thm Regulatory Expenses
RegulatoryExpenses
57974 USD
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
70735 USD
us-gaap Travel And Entertainment Expense
TravelAndEntertainmentExpense
38648 USD
us-gaap Operating Expenses
OperatingExpenses
3678037 USD
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-121764 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
12155 USD
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-800000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-878269 USD
us-gaap Net Income Loss
NetIncomeLoss
-4556306 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent
296258 USD
us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
307009 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-4249297 USD
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.04
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
162186972 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
116313618 shares
thm Investor Relations Expenses
InvestorRelationsExpenses
63248 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1997 USD
us-gaap Exploration Expense Mining
ExplorationExpenseMining
1379505 USD
us-gaap General Insurance Expense
GeneralInsuranceExpense
134733 USD
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
0 USD
us-gaap Operating Expenses
OperatingExpenses
3101678 USD
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-244125 USD
us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
251933 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-3053690 USD
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.02
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
23117 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-3605015 USD
CY2016Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2888471 USD
us-gaap Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
157513 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-60995 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-3895879 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
290864 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
17304 USD
us-gaap Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
148207 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
258762 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-17944521 USD
us-gaap Share Based Compensation
ShareBasedCompensation
13127 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-124900 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-3464114 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-14739169 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
0 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
45000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0 USD
us-gaap Payments For Derivative Instrument Financing Activities
PaymentsForDerivativeInstrumentFinancingActivities
14694169 USD
us-gaap Payments For Derivative Instrument Financing Activities
PaymentsForDerivativeInstrumentFinancingActivities
0 USD
CY2017Q1 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
14694169 USD
CY2016Q4 thm Capitalized Costs Mineral Properties
CapitalizedCostsMineralProperties
55204041 USD
CY2017Q2 thm Capitalized Costs Mineral Properties
CapitalizedCostsMineralProperties
55204041 USD
us-gaap Acquisition Costs
AcquisitionCosts
0 USD
thm Transportation And Traveling Cost
TransportationAndTravelingCost
4136 USD
thm Mining Activities Field Costs
MiningActivitiesFieldCosts
68128 USD
thm Mining Activities Field Costs
MiningActivitiesFieldCosts
70357 USD
thm Geological And Geophysical Costs
GeologicalAndGeophysicalCosts
307023 USD
thm Geological And Geophysical Costs
GeologicalAndGeophysicalCosts
1293989 USD
us-gaap Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
415305 USD
us-gaap Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
412716 USD
us-gaap Legal Fees
LegalFees
37272 USD
us-gaap Legal Fees
LegalFees
28845 USD
thm Assay Costs
AssayCosts
412811 USD
thm Environmental Costs
EnvironmentalCosts
106905 USD
thm Environmental Costs
EnvironmentalCosts
142499 USD
thm Transportation And Traveling Cost
TransportationAndTravelingCost
2125 USD
thm Equipment Rental
EquipmentRental
23875 USD
thm Equipment Rental
EquipmentRental
21586 USD
thm Assay Costs
AssayCosts
0 USD
us-gaap Costs Incurred Exploration Costs
CostsIncurredExplorationCosts
1976167 USD
us-gaap Costs Incurred Exploration Costs
CostsIncurredExplorationCosts
1379505 USD
us-gaap Lessor Leasing Arrangements Operating Leases Renewal Term
LessorLeasingArrangementsOperatingLeasesRenewalTerm
P19Y
CY2016Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
168500 USD
CY2016Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
41682 USD
CY2017Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
170149 USD
CY2017Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
74159 USD
CY2016Q4 thm Accrued General Corporate Cost Current
AccruedGeneralCorporateCostCurrent
13406 USD
CY2016Q4 thm Accrued Project Cost Current
AccruedProjectCostCurrent
28276 USD
CY2017Q2 thm Accrued General Corporate Cost Current
AccruedGeneralCorporateCostCurrent
29506 USD
CY2017Q2 thm Accrued Project Cost Current
AccruedProjectCostCurrent
140643 USD
CY2011Q4 thm Derivative Liability Value On Initial Recognition
DerivativeLiabilityValueOnInitialRecognition
23100000 USD
CY2016Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
162186972 shares
CY2017Q2 thm Share Based Compensation Arrangement By Share Based Payment Award Percentage Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardPercentageOfSharesAuthorized
0.1 pure
CY2016Q4 thm Share Based Compensation Arrangement By Share Based Payment Award Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonvestedNumber
672735 shares
CY2016Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
0.25
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
672735 shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
0.25
CY2017Q2 thm Share Based Compensation Arrangement By Share Based Payment Award Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonvestedNumber
0 shares
CY2017Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
0
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 Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.8060 pure
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.00 pure
CY2015 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y
CY2017Q2 us-gaap Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
114925 USD
CY2017Q2 us-gaap Contractual Obligation Due In Fourth Year
ContractualObligationDueInFourthYear
549708 USD
CY2017Q2 us-gaap Contractual Obligation Due In Fifth Year
ContractualObligationDueInFifthYear
554880 USD
CY2017Q2 us-gaap Contractual Obligation Due After Fifth Year
ContractualObligationDueAfterFifthYear
560129 USD
CY2017Q2 us-gaap Contractual Obligation
ContractualObligation
2863848 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-21545 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent
242320 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
15404 USD
thm Reallocation From Contributed Surplus
ReallocationFromContributedSurplus
0 USD
us-gaap Net Income Loss
NetIncomeLoss
-2634322 USD
us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
45000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
13127 USD
CY2017Q2 us-gaap Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
539593 USD
CY2017Q2 us-gaap Contractual Obligation Due In Third Year
ContractualObligationDueInThirdYear
544613 USD
CY2017Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
162186972 shares
CY2017Q2 us-gaap Common Stock No Par Value
CommonStockNoParValue
0
CY2016Q4 us-gaap Common Stock No Par Value
CommonStockNoParValue
0
CY2017Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2016Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2017Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
162186972 shares
CY2016Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
162186972 shares
CY2017Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
22200 USD
CY2016Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
31340 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
22200 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
31340 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
47503357 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
76295 USD
CY2016Q2 us-gaap Stockholders Equity
StockholdersEquity
43330355 USD
thm Stock Issued During Period Value Private Placement
StockIssuedDuringPeriodValuePrivatePlacement
22000000 USD
us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
146735 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
32231 USD
CY2017Q2 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
5940000 shares
CY2016Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
6026200 shares
CY2017Q2 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
5940000 shares
CY2016Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
5353465 shares
thm Aircraft Services Costs
AircraftServicesCosts
4050 USD
thm Aircraft Services Costs
AircraftServicesCosts
4050 USD
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
0.80
CY2016Q2 thm Stock To Be Issued During Periodshares
StockToBeIssuedDuringPeriodshares
206024 shares
CY2016Q2 thm Stock To Be Issued During Periodvalue
StockToBeIssuedDuringPeriodvalue
99492 USD
CY2017Q2 thm Stock To Be Issued During Periodshares
StockToBeIssuedDuringPeriodshares
206024 shares
CY2017Q2 thm Stock To Be Issued During Periodvalue
StockToBeIssuedDuringPeriodvalue
99492 USD
CY2017Q2 thm Stock To Be Issued During Periodvalue
StockToBeIssuedDuringPeriodvalue
133916 CAD
CY2016Q4 thm Average Gold Price
AverageGoldPrice
1354.79
CY2017Q2 us-gaap Common Stock Shares Subscriptions
CommonStockSharesSubscriptions
99492 USD
CY2016Q4 us-gaap Common Stock Shares Subscriptions
CommonStockSharesSubscriptions
0 USD
thm Stock To Be Issued During Periodvalue
StockToBeIssuedDuringPeriodvalue
99492 USD
thm Obligation To Issue Shares
ObligationToIssueShares
99492 USD
thm Obligation To Issue Shares
ObligationToIssueShares
0 USD
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: 0in 0in 0pt"> </div> <table style="BORDER-BOTTOM: 0px solid; BORDER-LEFT: 0px solid; LINE-HEIGHT: 115%; WIDTH: 100%; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt; BORDER-TOP: 0px solid; BORDER-RIGHT: 0px solid" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 0.25in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top" width="24"> <div><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font></div> </td> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 0.25in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top" width="24"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt"> <b><font style="FONT-SIZE: 10pt">1.</font></b></div> </td> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt" align="justify"><b><font style="FONT-SIZE: 10pt">GENERAL INFORMATION AND NATURE OF OPERATIONS</font></b></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 0.5in" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 0.5in" align="justify"><font style="FONT-SIZE: 10pt">International Tower Hill Mines Ltd. (&#8220;ITH&#8221; or the "Company") is incorporated under the laws of British Columbia, Canada. The Company&#8217;s head office address is 2300-1177 West Hastings Street, Vancouver, British Columbia, Canada.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 0.5in" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <font style="FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 0.5in" align="justify"><font style="FONT-SIZE: 10pt">International Tower Hill Mines Ltd. consists of ITH and its wholly owned subsidiaries Tower Hill Mines, Inc. (&#8220;TH Alaska&#8221;) (an Alaska corporation), Tower Hill Mines (US) LLC (&#8220;TH US&#8221;) (a Colorado limited liability company), Livengood Placers, Inc. (&#8220;LPI&#8221;) (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 June 30, 2017, the Company was in the exploration stage and controls a <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 100</font>% interest in its Livengood Gold Project in Alaska, U.S.A.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 0.5in" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 0.5in" align="justify"><font style="FONT-SIZE: 10pt">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.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 0.5in" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <font style="FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 0.5in" align="justify"><font style="FONT-SIZE: 10pt">As at June 30, 2017, the Company had cash and cash equivalents of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">4,521,972</font> compared to $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">22,466,493</font> at December 31, 2016. The Company has no revenue generating operations from which it can internally generate funds. On January 12, 2017, the Company paid $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">14,694,169</font> for the timely and full satisfaction of the final derivative payment due with respect to the acquisition of certain mining claims and related rights in the vicinity of the Livengood Gold Project.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 0.5in" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 0.5in" align="justify"><font style="FONT-SIZE: 10pt">The Company will require significant additional financing to continue its operations in connection with advancing activities at the Livengood Gold Project and for the development of any mine that may be determined to be built at the Livengood Gold Project. 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&#8217;s review of its financing options includes pursuing a future strategic alliance to assist in further development, permitting and future construction costs.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 0.5in"> <font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 0.5in" align="justify"><font style="FONT-SIZE: 10pt">Despite the Company&#8217;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 2017 fiscal year<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font>.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2017Q2 us-gaap Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
8250 USD
CY2017Q2 us-gaap Due To Affiliate Current
DueToAffiliateCurrent
6229 USD

Files In Submission

Name View Source Status
0001279569-17-001659-index-headers.html Edgar Link pending
0001279569-17-001659-index.html Edgar Link pending
0001279569-17-001659.txt Edgar Link pending
0001279569-17-001659-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
image_001.jpg Edgar Link pending
image_002.jpg Edgar Link pending
pg1img1_10q.jpg Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
thm-20170630.xml Edgar Link completed
thm-20170630.xsd Edgar Link pending
thm-20170630_cal.xml Edgar Link unprocessable
thm-20170630_def.xml Edgar Link unprocessable
thm-20170630_lab.xml Edgar Link unprocessable
thm-20170630_pre.xml Edgar Link unprocessable
v471706_10q.htm Edgar Link pending
v471706_ex10-1.htm Edgar Link pending
v471706_ex10-2.htm Edgar Link pending
v471706_ex31-1.htm Edgar Link pending
v471706_ex31-2.htm Edgar Link pending
v471706_ex32-1.htm Edgar Link pending
v471706_ex32-2.htm Edgar Link pending