2017 Q3 Form 10-Q Financial Statement
#000127956917002099 Filed on November 06, 2017
Income Statement
| Concept | 2017 Q3 | 2016 Q4 | 2016 Q3 |
|---|---|---|---|
| Revenue | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Cost Of Revenue | $867.9K | ||
| YoY Change | |||
| Gross Profit | -$867.9K | ||
| YoY Change | |||
| Gross Profit Margin | |||
| Selling, General & Admin | $740.0K | $850.0K | $900.0K |
| YoY Change | -17.78% | -1.16% | -11.76% |
| % of Gross Profit | |||
| Research & Development | $870.0K | $140.0K | $530.0K |
| YoY Change | 64.15% | -66.67% | -27.4% |
| % of Gross Profit | |||
| Depreciation & Amortization | $1.006K | $10.00K | $0.00 |
| YoY Change | -100.0% | ||
| % of Gross Profit | |||
| Operating Expenses | $1.617M | $1.000M | $1.430M |
| YoY Change | 13.09% | -22.48% | -18.25% |
| Operating Profit | -$2.485M | ||
| YoY Change | |||
| Interest Expense | -$130.0K | -$110.0K | -$100.0K |
| YoY Change | 30.0% | -128.21% | -113.51% |
| % of Operating Profit | |||
| Other Income/Expense, Net | -$128.3K | $0.00 | -$91.39K |
| YoY Change | 40.4% | -112.32% | |
| Pretax Income | -$1.750M | -$1.110M | -$1.520M |
| YoY Change | 15.13% | -0.89% | 50.5% |
| Income Tax | |||
| % Of Pretax Income | |||
| Net Earnings | -$1.746M | -$1.110M | -$1.525M |
| YoY Change | 14.49% | -0.91% | 51.33% |
| Net Earnings / Revenue | |||
| Basic Earnings Per Share | |||
| Diluted Earnings Per Share | -$10.78K | -$9.418K | -$13.06K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 116.4M shares | 116.3M shares | |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2017 Q3 | 2016 Q4 | 2016 Q3 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $3.400M | $22.50M | $1.800M |
| YoY Change | 88.89% | 246.15% | -77.22% |
| Cash & Equivalents | $3.435M | $22.47M | $1.759M |
| Short-Term Investments | |||
| Other Short-Term Assets | $200.0K | $200.0K | $200.0K |
| YoY Change | 0.0% | 0.0% | 0.0% |
| Inventory | |||
| Prepaid Expenses | |||
| Receivables | |||
| Other Receivables | |||
| Total Short-Term Assets | $3.700M | $22.70M | $2.000M |
| YoY Change | 85.0% | 239.53% | -75.38% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $55.20M | $55.20M | $55.20M |
| YoY Change | 0.0% | 183392.34% | 173294.06% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | |||
| YoY Change | |||
| Total Long-Term Assets | $55.20M | $55.20M | $55.20M |
| YoY Change | 0.0% | -0.06% | -0.06% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $3.700M | $22.70M | $2.000M |
| Total Long-Term Assets | $55.20M | $55.20M | $55.20M |
| Total Assets | $58.90M | $77.90M | $57.20M |
| YoY Change | 2.97% | 25.81% | -9.72% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $100.0K | $200.0K | $200.0K |
| YoY Change | -50.0% | 63.88% | 12.04% |
| Accrued Expenses | $577.8K | $210.2K | $400.0K |
| YoY Change | 44.44% | -46.71% | -18.73% |
| 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 | $700.0K | $15.10M | $15.30M |
| YoY Change | -95.42% | 2823.64% | 2181.29% |
| 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 | $700.0K | $15.10M | $15.30M |
| Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| Total Liabilities | $700.0K | $15.08M | $15.30M |
| YoY Change | -95.42% | 4.63% | 2.89% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | -$243.2M | -$238.2M | |
| YoY Change | 3.11% | ||
| Common Stock | $299.6M | ||
| YoY Change | 7.91% | ||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $58.24M | $62.82M | $41.86M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $58.90M | $77.90M | $57.20M |
| YoY Change | 2.97% | 25.81% | -9.72% |
Cashflow Statement
| Concept | 2017 Q3 | 2016 Q4 | 2016 Q3 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$1.746M | -$1.110M | -$1.525M |
| YoY Change | 14.49% | -0.91% | 51.33% |
| Depreciation, Depletion And Amortization | $1.006K | $10.00K | $0.00 |
| YoY Change | -100.0% | ||
| Cash From Operating Activities | -$1.590M | -$1.320M | -$1.140M |
| YoY Change | 39.47% | 9.09% | 12.87% |
| 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 | 20.00K |
| YoY Change | -100.0% | ||
| NET CHANGE | |||
| Cash From Operating Activities | -1.590M | -1.320M | -1.140M |
| Cash From Investing Activities | 0.000 | ||
| Cash From Financing Activities | 0.000 | 21.85M | 20.00K |
| Net Change In Cash | -1.590M | 20.53M | -1.120M |
| YoY Change | 41.96% | -1796.69% | 10.89% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$1.590M | -$1.320M | -$1.140M |
| 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 |
Mineral Properties Net
MineralPropertiesNet
|
55204041 | USD |
| CY2017Q3 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
0 | USD |
| CY2016Q4 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
14694169 | USD |
| CY2017Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-243226744 | USD |
| CY2016Q3 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-91386 | USD |
| CY2017Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
58235357 | USD |
| CY2016Q4 | us-gaap |
Assets
Assets
|
77901555 | USD |
| CY2017Q3 | us-gaap |
Mineral Properties Net
MineralPropertiesNet
|
55204041 | USD |
| CY2017Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
6338 | USD |
| CY2017Q3 | thm |
Regulatory Expenses
RegulatoryExpenses
|
55963 | USD |
| CY2016Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
210182 | USD |
| CY2017Q3 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
577779 | USD |
| CY2016Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1524589 | USD |
| CY2017Q3 | thm |
Investor Relations Expenses
InvestorRelationsExpenses
|
9504 | USD |
| CY2016Q3 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
|
-13210 | USD |
| CY2016Q3 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent
|
38852 | USD |
| CY2016Q3 | us-gaap |
Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
|
25642 | USD |
| CY2016Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-1498947 | USD |
| CY2016Q3 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.01 | |
| CY2017Q3 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
162363884 | shares |
| CY2017Q3 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
1006 | USD |
| CY2017Q3 | us-gaap |
Exploration Expense Mining
ExplorationExpenseMining
|
867900 | USD |
| CY2017Q3 | us-gaap |
General Insurance Expense
GeneralInsuranceExpense
|
74134 | USD |
| CY2017Q3 | us-gaap |
Other Expenses
OtherExpenses
|
4577 | USD |
| CY2017Q3 | us-gaap |
Professional Fees
ProfessionalFees
|
58227 | USD |
| us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
1630035 | USD | |
| us-gaap |
Professional Fees
ProfessionalFees
|
155007 | USD | |
| thm |
Regulatory Expenses
RegulatoryExpenses
|
108281 | USD | |
| us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
106109 | USD | |
| us-gaap |
Travel And Entertainment Expense
TravelAndEntertainmentExpense
|
81350 | USD | |
| us-gaap |
Operating Expenses
OperatingExpenses
|
5111240 | USD | |
| us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
23485 | USD | |
| us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
0 | USD | |
| us-gaap |
Operating Expenses
OperatingExpenses
|
4718881 | USD | |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
-5051136 | USD | |
| us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent
|
407285 | USD | |
| CY2016Q3 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
3534 | USD |
| CY2016Q3 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
-100000 | USD |
| CY2017Q3 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
0 | USD |
| CY2017Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1745513 | USD |
| CY2017Q3 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
|
-1587 | USD |
| CY2017Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-1596133 | USD |
| CY2017Q3 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.01 | |
| thm |
Consulting Fees
ConsultingFees
|
200660 | USD | |
| thm |
Consulting Fees
ConsultingFees
|
217389 | USD | |
| us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
3963 | USD | |
| us-gaap |
General Insurance Expense
GeneralInsuranceExpense
|
200532 | USD | |
| thm |
Investor Relations Expenses
InvestorRelationsExpenses
|
76506 | USD | |
| us-gaap |
Exploration Expense Mining
ExplorationExpenseMining
|
2504284 | USD | |
| us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
30005 | USD | |
| us-gaap |
Other Expenses
OtherExpenses
|
14508 | USD | |
| us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
15689 | USD | |
| us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
-900000 | USD | |
| us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-969655 | USD | |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
-6080895 | USD | |
| us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
|
-2459 | USD | |
| us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent
|
335110 | USD | |
| us-gaap |
Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
|
332651 | USD | |
| us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-5748244 | USD | |
| us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
162246591 | shares | |
| us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
116325463 | shares | |
| thm |
Investor Relations Expenses
InvestorRelationsExpenses
|
72752 | USD | |
| us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
3003 | USD | |
| us-gaap |
Exploration Expense Mining
ExplorationExpenseMining
|
2247405 | USD | |
| us-gaap |
General Insurance Expense
GeneralInsuranceExpense
|
208867 | USD | |
| us-gaap |
Other Expenses
OtherExpenses
|
14525 | USD | |
| us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
27487 | USD | |
| us-gaap |
Professional Fees
ProfessionalFees
|
173345 | USD | |
| thm |
Regulatory Expenses
RegulatoryExpenses
|
130659 | USD | |
| us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-332255 | USD | |
| us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
105779 | USD | |
| us-gaap |
Travel And Entertainment Expense
TravelAndEntertainmentExpense
|
75291 | USD | |
| us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
1442379 | USD | |
| us-gaap |
Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
|
401313 | USD | |
| us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-4649823 | USD | |
| us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.03 | ||
| CY2017Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
0 | USD |
| CY2017Q3 | us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
34985 | USD |
| CY2017Q3 | us-gaap |
Travel And Entertainment Expense
TravelAndEntertainmentExpense
|
27560 | USD |
| CY2017Q3 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-128310 | USD |
| CY2017Q3 | us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
406395 | USD |
| CY2017Q3 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
5505 | USD |
| CY2017Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
1617203 | USD |
| us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.05 | ||
| us-gaap |
Share Based Compensation
ShareBasedCompensation
|
92587 | USD | |
| CY2016Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1759123 | USD |
| CY2016Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
8100 | USD |
| us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
22200 | USD | |
| us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
39440 | USD | |
| us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-4734363 | USD | |
| CY2015Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
6493486 | USD |
| us-gaap |
Legal Fees
LegalFees
|
27845 | USD | |
| thm |
Assay Costs
AssayCosts
|
412811 | USD | |
| thm |
Environmental Costs
EnvironmentalCosts
|
203344 | USD | |
| thm |
Environmental Costs
EnvironmentalCosts
|
233398 | USD | |
| thm |
Transportation And Traveling Cost
TransportationAndTravelingCost
|
7091 | USD | |
| thm |
Equipment Rental
EquipmentRental
|
35542 | USD | |
| thm |
Equipment Rental
EquipmentRental
|
33375 | USD | |
| thm |
Assay Costs
AssayCosts
|
0 | USD | |
| us-gaap |
Costs Incurred Exploration Costs
CostsIncurredExplorationCosts
|
2504284 | USD | |
| us-gaap |
Costs Incurred Exploration Costs
CostsIncurredExplorationCosts
|
2247405 | USD | |
| thm |
Aircraft Services Costs
AircraftServicesCosts
|
6220 | USD | |
| thm |
Aircraft Services Costs
AircraftServicesCosts
|
6511 | USD | |
| us-gaap |
Lessor Leasing Arrangements Operating Leases Renewal Term
LessorLeasingArrangementsOperatingLeasesRenewalTerm
|
P19Y | ||
| us-gaap |
Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
|
-18951 | USD | |
| us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
24284 | USD | |
| us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-5041110 | USD | |
| us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
291343 | USD | |
| us-gaap |
Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
|
372217 | USD | |
| us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
761171 | USD | |
| us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-19031206 | USD | |
| us-gaap |
Share Based Compensation
ShareBasedCompensation
|
13127 | USD | |
| us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
254670 | USD | |
| us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-5053061 | USD | |
| us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-14739316 | USD | |
| us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
15404 | USD | |
| us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
45147 | 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 |
| us-gaap |
Acquisition Costs
AcquisitionCosts
|
0 | USD | |
| thm |
Transportation And Traveling Cost
TransportationAndTravelingCost
|
11121 | USD | |
| thm |
Mining Activities Field Costs
MiningActivitiesFieldCosts
|
91569 | USD | |
| thm |
Mining Activities Field Costs
MiningActivitiesFieldCosts
|
87754 | USD | |
| thm |
Geological And Geophysical Costs
GeologicalAndGeophysicalCosts
|
932642 | USD | |
| thm |
Geological And Geophysical Costs
GeologicalAndGeophysicalCosts
|
1613994 | USD | |
| us-gaap |
Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
|
496910 | USD | |
| us-gaap |
Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
|
494316 | USD | |
| us-gaap |
Legal Fees
LegalFees
|
57246 | USD | |
| CY2016Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
168500 | USD |
| CY2016Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
41682 | USD |
| CY2017Q3 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
520355 | USD |
| CY2017Q3 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
57424 | USD |
| CY2016Q4 | thm |
Accrued General Corporate Cost Current
AccruedGeneralCorporateCostCurrent
|
13406 | USD |
| CY2016Q4 | thm |
Accrued Project Cost Current
AccruedProjectCostCurrent
|
28276 | USD |
| CY2017Q3 | thm |
Accrued General Corporate Cost Current
AccruedGeneralCorporateCostCurrent
|
33803 | USD |
| CY2017Q3 | thm |
Accrued Project Cost Current
AccruedProjectCostCurrent
|
486552 | USD |
| CY2011Q4 | thm |
Derivative Liability Value On Initial Recognition
DerivativeLiabilityValueOnInitialRecognition
|
23100000 | USD |
| CY2016Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
500000000 | shares |
| 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 | ||
| CY2017Q3 | thm |
Share Based Compensation Arrangement By Share Based Payment Award Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonvestedNumber
|
0 | shares |
| CY2017Q3 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
|
0 | |
| us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
99492 | USD | |
| us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
0 | USD | |
| us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
0 | USD | |
| us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
15404 | 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: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> </div> <table style="BORDER-BOTTOM: 0px solid; BORDER-LEFT: 0px solid; MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px; BORDER-TOP: 0px solid; BORDER-RIGHT: 0px solid" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"></td> <td style="TEXT-ALIGN: left; WIDTH: 0.5in"><b>1.</b></td> <td style="TEXT-ALIGN: justify"><b>GENERAL INFORMATION AND NATURE OF OPERATIONS</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" align="justify">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" 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" align="justify">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 September 30, 2017, 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" 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" align="justify">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" 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" align="justify">As at September 30, 2017, the Company had cash and cash equivalents of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">3,435,287</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.</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" 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" align="justify">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’s review of its financing options includes pursuing a future 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" align="justify">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 2017 fiscal year.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> | ||
| 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
|
0.806 | pure |
| CY2015 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | pure |
| CY2015 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P6Y | |
| CY2015Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
|
0.8 | |
| CY2017Q3 | us-gaap |
Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
|
76950 | USD |
| CY2017Q3 | us-gaap |
Contractual Obligation Due In Fourth Year
ContractualObligationDueInFourthYear
|
549708 | USD |
| CY2017Q3 | us-gaap |
Contractual Obligation Due In Fifth Year
ContractualObligationDueInFifthYear
|
554880 | USD |
| CY2017Q3 | us-gaap |
Contractual Obligation Due After Fifth Year
ContractualObligationDueAfterFifthYear
|
560129 | USD |
| CY2017Q3 | us-gaap |
Contractual Obligation
ContractualObligation
|
2825873 | USD |
| CY2017Q3 | us-gaap |
Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
|
539593 | USD |
| CY2017Q3 | us-gaap |
Contractual Obligation Due In Third Year
ContractualObligationDueInThirdYear
|
544613 | USD |
| CY2016Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
162186972 | shares |
| CY2017Q2 | thm |
Stock To Be Issued During Periodshares
StockToBeIssuedDuringPeriodshares
|
206024 | shares |
| CY2017Q2 | thm |
Stock To Be Issued During Periodvalue
StockToBeIssuedDuringPeriodvalue
|
99492 | USD |
| CY2017Q3 | us-gaap |
Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
|
7479 | USD |
| CY2016Q4 | us-gaap |
Common Stock No Par Value
CommonStockNoParValue
|
0 | |
| CY2017Q3 | us-gaap |
Common Stock No Par Value
CommonStockNoParValue
|
0 | |
| CY2017Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
500000000 | shares |
| CY2016Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
162186972 | shares |
| CY2017Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
162392996 | shares |
| CY2017Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
162392996 | shares |
| CY2017Q3 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-133815 | USD |
| CY2016Q3 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-3020 | USD |
| us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-377940 | USD | |
| us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-124784 | USD | |
| CY2017Q3 | us-gaap |
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
|
4290000 | shares |
| CY2016Q4 | us-gaap |
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
|
6026200 | shares |
| CY2017Q3 | us-gaap |
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
|
4290000 | shares |
| CY2016Q4 | us-gaap |
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
|
5353465 | shares |
| CY2017Q3 | thm |
Share Based Compensation Arrangement By Share Based Payment Award Percentage Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardPercentageOfSharesAuthorized
|
0.1 | pure |
| CY2017Q2 | thm |
Stock To Be Issued During Periodvalue
StockToBeIssuedDuringPeriodvalue
|
133916 | CAD |
| CY2016Q4 | thm |
Average Gold Price
AverageGoldPrice
|
1354.79 | |
| CY2017Q3 | thm |
Capitalized Costs Mineral Properties
CapitalizedCostsMineralProperties
|
55204041 | USD |
| CY2015Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
47503357 | USD |
| CY2016Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
41863104 | USD |
| us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
92587 | USD | |
| us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
15404 | USD | |
| thm |
Reallocation From Contributed Surplus
ReallocationFromContributedSurplus
|
0 | USD | |
| CY2016Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1109733 | USD |
| CY2016Q4 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent
|
203468 | USD |
| CY2016Q4 | thm |
Stock Issued During Period Value Private Placement
StockIssuedDuringPeriodValuePrivatePlacement
|
22000000 | USD |
| CY2016Q4 | us-gaap |
Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
|
146735 | USD |
| us-gaap |
Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
|
45147 | USD | |
| CY2016Q4 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
15939 | USD |
| us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
13127 | USD | |
| CY2016Q4 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
|
-8335 | USD |
| us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
99492 | USD | |
| CY2017Q3 | thm |
Accrued Liabilities Related Parties Current
AccruedLiabilitiesRelatedPartiesCurrent
|
4605 | USD |
