$THM
INTERNATIONAL TOWER HILL MINES LTD

2022 Q4 Form 10-Q Financial Statement

#000141057822003083 Filed on November 10, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3
Revenue $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $521.6K $518.3K
YoY Change 6.83% -1.18%
% of Gross Profit
Research & Development $277.6K $95.51K
YoY Change -41.4% -93.07%
% of Gross Profit
Depreciation & Amortization $0.00 $0.00
YoY Change
% of Gross Profit
Operating Expenses $793.3K $617.3K
YoY Change -17.99% -67.63%
Operating Profit
YoY Change
Interest Expense -$61.37K $316.8K
YoY Change 23.75% 25.32%
% of Operating Profit
Other Income/Expense, Net $22.46K $322.1K
YoY Change 1470.63% 24.8%
Pretax Income -$832.2K -$295.3K
YoY Change -18.05% -82.09%
Income Tax
% Of Pretax Income
Net Earnings -$832.2K -$295.3K
YoY Change -18.05% -82.09%
Net Earnings / Revenue
Basic Earnings Per Share $0.00
Diluted Earnings Per Share $0.00 $0.00
COMMON SHARES
Basic Shares Outstanding 195.3M 195.3M
Diluted Shares Outstanding 195.3M

Balance Sheet

Concept 2022 Q4 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.847M $5.473M
YoY Change -37.7% -40.95%
Cash & Equivalents $4.847M $5.473M
Short-Term Investments
Other Short-Term Assets $152.6K $167.0K
YoY Change 7.69% 4.04%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $5.000M $5.640M
YoY Change -36.89% -40.19%
LONG-TERM ASSETS
Property, Plant & Equipment $7.465K $7.465K
YoY Change 0.0% 0.03%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $55.38M $55.38M
YoY Change 0.0% 0.0%
TOTAL ASSETS
Total Short-Term Assets $5.000M $5.640M
Total Long-Term Assets $55.38M $55.38M
Total Assets $60.38M $61.02M
YoY Change -4.62% -5.85%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $53.54K $22.46K
YoY Change -79.38% -96.45%
Accrued Expenses $234.8K $157.1K
YoY Change -26.66% -67.57%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $288.4K $179.6K
YoY Change -50.27% -83.93%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $288.4K $179.6K
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $288.4K $179.6K
YoY Change -50.27% -83.93%
SHAREHOLDERS EQUITY
Retained Earnings -$266.2M -$265.3M
YoY Change 1.16% 1.23%
Common Stock $324.8M $324.7M
YoY Change 0.23% 0.23%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $60.09M $60.84M
YoY Change
Total Liabilities & Shareholders Equity $60.38M $61.02M
YoY Change -4.62% -5.85%

Cashflow Statement

Concept 2022 Q4 2022 Q3
OPERATING ACTIVITIES
Net Income -$832.2K -$295.3K
YoY Change -18.05% -82.09%
Depreciation, Depletion And Amortization $0.00 $0.00
YoY Change
Cash From Operating Activities -$688.1K -$166.2K
YoY Change -54.26% -84.85%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
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 0.000
YoY Change
NET CHANGE
Cash From Operating Activities -688.1K -166.2K
Cash From Investing Activities
Cash From Financing Activities 0.000 0.000
Net Change In Cash -688.1K -166.2K
YoY Change -54.26% -84.85%
FREE CASH FLOW
Cash From Operating Activities -$688.1K -$166.2K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.00
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.01
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.01
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.03
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
195313184
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
194908184
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
195129206
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
194908184
dei Entity Central Index Key
EntityCentralIndexKey
0001134115
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Amendment Flag
AmendmentFlag
false
CY2022Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
195313184
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
194908184
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
194908184
us-gaap Common Stock Shares Authorized Unlimited
CommonStockSharesAuthorizedUnlimited
Unlimited
CY2021 us-gaap Common Stock Shares Authorized Unlimited
CommonStockSharesAuthorizedUnlimited
Unlimited
CY2022Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
195313184
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2022-09-30
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
001-33638
dei Entity Registrant Name
EntityRegistrantName
INTERNATIONAL TOWER HILL MINES LTD.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
A1
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
98-0668474
dei Entity Address Address Line1
EntityAddressAddressLine1
2710 - 200 Granville Street
dei Entity Address City Or Town
EntityAddressCityOrTown
Vancouver
dei Entity Address State Or Province
EntityAddressStateOrProvince
BC
dei Entity Address Country
EntityAddressCountry
CA
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
V6C 1S4
dei City Area Code
CityAreaCode
604
dei Local Phone Number
LocalPhoneNumber
683-6332
dei Security12b Title
Security12bTitle
Common Shares, no par value
dei Trading Symbol
TradingSymbol
THM
dei Security Exchange Name
SecurityExchangeName
NYSEAMER
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2022Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
195313184
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
5472704
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
7780671
CY2022Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
166953
CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
141680
CY2022Q3 us-gaap Assets Current
AssetsCurrent
5639657
CY2021Q4 us-gaap Assets Current
AssetsCurrent
7922351
CY2022Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
7465
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
7465
CY2022Q3 us-gaap Mineral Properties Net
MineralPropertiesNet
55375124
CY2021Q4 us-gaap Mineral Properties Net
MineralPropertiesNet
55375124
CY2022Q3 us-gaap Assets
Assets
61022246
CY2021Q4 us-gaap Assets
Assets
63304940
CY2022Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
22461
CY2021Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
259648
CY2022Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
157096
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
320233
CY2022Q3 us-gaap Liabilities
Liabilities
179557
CY2021Q4 us-gaap Liabilities
Liabilities
579881
CY2022Q3 us-gaap Common Stock No Par Value
CommonStockNoParValue
0
CY2021Q4 us-gaap Common Stock No Par Value
CommonStockNoParValue
0
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
194908184
CY2022Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
195313184
CY2022Q3 us-gaap Common Stock Value
CommonStockValue
288484901
CY2021Q4 us-gaap Common Stock Value
CommonStockValue
288032132
CY2022Q3 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
36255277
CY2021Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
35989922
CY2022Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
1437139
CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
1828121
CY2022Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-265334628
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-263125116
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
60842689
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
62725059
CY2022Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
61022246
CY2021Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
63304940
CY2022Q3 thm Consulting Fees
ConsultingFees
57691
CY2021Q3 thm Consulting Fees
ConsultingFees
71205
thm Consulting Fees
ConsultingFees
490456
thm Consulting Fees
ConsultingFees
552870
CY2022Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
0
CY2021Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
0
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
0
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
369
CY2022Q3 us-gaap General Insurance Expense
GeneralInsuranceExpense
51505
CY2021Q3 us-gaap General Insurance Expense
GeneralInsuranceExpense
46695
us-gaap General Insurance Expense
GeneralInsuranceExpense
152441
us-gaap General Insurance Expense
GeneralInsuranceExpense
134632
CY2022Q3 thm Investor Relations Expenses
InvestorRelationsExpenses
7929
CY2021Q3 thm Investor Relations Expenses
InvestorRelationsExpenses
11481
thm Investor Relations Expenses
InvestorRelationsExpenses
57502
thm Investor Relations Expenses
InvestorRelationsExpenses
65374
CY2022Q3 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
95511
CY2021Q3 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
1378786
us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
860549
us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
3043856
CY2022Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
5560
CY2021Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
10963
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
15996
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
24368
CY2022Q3 us-gaap Other Expenses
OtherExpenses
3555
CY2021Q3 us-gaap Other Expenses
OtherExpenses
3712
us-gaap Other Expenses
OtherExpenses
11357
us-gaap Other Expenses
OtherExpenses
11796
CY2022Q3 us-gaap Professional Fees
ProfessionalFees
72236
CY2021Q3 us-gaap Professional Fees
ProfessionalFees
71662
us-gaap Professional Fees
ProfessionalFees
181729
us-gaap Professional Fees
ProfessionalFees
168322
CY2022Q3 thm Regulatory Expenses
RegulatoryExpenses
49946
CY2021Q3 thm Regulatory Expenses
RegulatoryExpenses
52229
thm Regulatory Expenses
RegulatoryExpenses
148631
thm Regulatory Expenses
RegulatoryExpenses
185235
CY2022Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
33917
CY2021Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
33684
us-gaap Operating Lease Expense
OperatingLeaseExpense
101522
us-gaap Operating Lease Expense
OperatingLeaseExpense
101328
CY2022Q3 us-gaap Travel And Entertainment Expense
TravelAndEntertainmentExpense
16070
CY2021Q3 us-gaap Travel And Entertainment Expense
TravelAndEntertainmentExpense
11385
us-gaap Travel And Entertainment Expense
TravelAndEntertainmentExpense
24227
us-gaap Travel And Entertainment Expense
TravelAndEntertainmentExpense
18373
CY2022Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
223427
CY2021Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
215190
us-gaap Labor And Related Expense
LaborAndRelatedExpense
608360
us-gaap Labor And Related Expense
LaborAndRelatedExpense
641602
CY2022Q3 us-gaap Operating Expenses
OperatingExpenses
617347
CY2021Q3 us-gaap Operating Expenses
OperatingExpenses
1906992
us-gaap Operating Expenses
OperatingExpenses
2652770
us-gaap Operating Expenses
OperatingExpenses
4948125
CY2022Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
315283
CY2021Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
249160
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
410693
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-49356
CY2022Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
1512
CY2021Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
3627
us-gaap Investment Income Interest
InvestmentIncomeInterest
4621
us-gaap Investment Income Interest
InvestmentIncomeInterest
17390
CY2022Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
5292
CY2021Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
5292
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
27944
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
15292
CY2022Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
322087
CY2021Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
258079
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
443258
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-16674
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-295260
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-1648913
us-gaap Net Income Loss
NetIncomeLoss
-2209512
us-gaap Net Income Loss
NetIncomeLoss
-4964799
CY2022Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent
-327012
CY2021Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent
-252457
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent
-390982
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent
51980
CY2022Q3 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
-327012
CY2021Q3 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
-252457
us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
-390982
us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
51980
CY2022Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-622272
CY2021Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-1901370
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-2600494
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-4912819
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.00
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.01
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.01
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.03
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
195313184
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
194908184
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
195129206
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
194908184
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
62725059
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
114811
thm Adjustments To Additional Paid In Capital Share Based Compensation Deferred Share Unit Plan
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationDeferredShareUnitPlan
313023
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent
-390982
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
290290
thm Reallocation From Contributed Surplus
ReallocationFromContributedSurplus
0
us-gaap Net Income Loss
NetIncomeLoss
-2209512
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
60842689
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
61443492
CY2022Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
21469
CY2022Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent
-327012
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-295260
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
60842689
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
68101337
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
137251
thm Adjustments To Additional Paid In Capital Share Based Compensation Deferred Share Unit Plan
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationDeferredShareUnitPlan
367850
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent
51980
us-gaap Net Income Loss
NetIncomeLoss
-4964799
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
63693619
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
65564968
CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
30021
CY2021Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent
-252457
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-1648913
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
63693619
us-gaap Profit Loss
ProfitLoss
-2209512
us-gaap Profit Loss
ProfitLoss
-4964799
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
0
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
369
us-gaap Stock Option Plan Expense
StockOptionPlanExpense
114811
us-gaap Stock Option Plan Expense
StockOptionPlanExpense
137251
thm Deferred Stock Or Unit Expense
DeferredStockOrUnitExpense
313023
thm Deferred Stock Or Unit Expense
DeferredStockOrUnitExpense
367850
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-2717
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-20206
us-gaap Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
34387
us-gaap Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
18664
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-395529
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
624714
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2208877
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-3833073
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
290290
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
290290
CY2022Q3 thm Accrued General Corporate Cost Current
AccruedGeneralCorporateCostCurrent
64973
CY2022Q3 thm Accrued Project Cost Current
AccruedProjectCostCurrent
53523
CY2021Q4 thm Accrued General Corporate Cost Current
AccruedGeneralCorporateCostCurrent
34912
CY2021Q4 thm Accrued Project Cost Current
AccruedProjectCostCurrent
168070
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
194908184
CY2022Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
195313184
us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
0
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
0
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-389380
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
51980
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-2307967
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-3781093
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
7780671
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
13049293
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5472704
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9268200
us-gaap Nature Of Operations
NatureOfOperations
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 10pt 0pt;"><b style="font-weight:bold;">1.    GENERAL INFORMATION AND NATURE OF OPERATIONS</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 10pt 18pt;">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 2710 - 200 Granville Street, Vancouver, British Columbia, Canada.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 10pt 18pt;">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), and Livengood Placers, Inc. (“LPI”) (a Nevada 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 <span style="background:#ffffff;">September 30</span>, 2022, the Company has a 100% interest in its Livengood Gold Project, an exploration-stage project in Alaska, U.S.A (the “Livengood Gold Project”).</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 10pt 18pt;">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.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 10pt 18pt;">As at <span style="background:#ffffff;">September 30</span>, 2022, the Company had cash and cash equivalents of $5,472,704 compared to $7,780,671 at December 31, 2021. The Company has no revenue generating operations from which it can internally generate funds.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 10pt 18pt;">The Company will require significant additional financing to continue its operations (including general and administrative expenses) in connection with advancing activities at the Livengood Gold Project and 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 make a decision to build a mine at the Livengood Gold Project and, if so, that it will be able to obtain the additional financing required on acceptable terms, if at all. 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 considering a future strategic alliance to assist in further development, permitting and future construction costs, although there can be no assurance that any such strategic alliance will, in fact, be pursued or realized.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 10pt 18pt;">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.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 10pt 18pt;"><i style="font-style:italic;">COVID-19 Pandemic</i></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 0pt 18pt;">In March 2020, the World Health Organization declared the novel coronavirus 2019 (“COVID-19”) a global pandemic. This contagious disease outbreak, which has continued to spread, and any related adverse public health developments, has adversely affected workforces, economies, and financial markets globally, potentially leading to an economic downturn. While it is not possible for the Company to predict the duration or magnitude of the adverse results of the outbreak, including as a result of the emergence of variant strains of the virus and ongoing vaccination efforts, and its ultimate effects on the Company’s business, results of operations or ability to raise funds at this time, as of the date of this Quarterly Report on Form 10-Q, the COVID-19 pandemic has not had any material adverse effects on the Company.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 0pt 18pt;"><span style="font-size:1pt;margin-left:0pt;visibility:hidden;">​</span></p>
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
5472704
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
7780671
CY2022Q3 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
0
CY2021Q4 thm Capitalized Costs Mineral Properties
CapitalizedCostsMineralProperties
55375124
us-gaap Acquisition Costs
AcquisitionCosts
0
CY2022Q3 thm Capitalized Costs Mineral Properties
CapitalizedCostsMineralProperties
55375124
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P2Y4M24D
CY2022Q3 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
2287049
CY2022Q3 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
2047049
CY2021Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
2947049
CY2021Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
2702049
CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
245000
CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
0.91
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
240000
thm Aircraft Services Costs
AircraftServicesCosts
9000
thm Aircraft Services Costs
AircraftServicesCosts
8400
thm Environmental Costs
EnvironmentalCosts
156412
thm Environmental Costs
EnvironmentalCosts
153963
thm Equipment Rental
EquipmentRental
51365
thm Equipment Rental
EquipmentRental
46063
thm Mining Activities Field Costs
MiningActivitiesFieldCosts
74030
thm Mining Activities Field Costs
MiningActivitiesFieldCosts
310095
thm Geological And Geophysical Costs
GeologicalAndGeophysicalCosts
49202
thm Geological And Geophysical Costs
GeologicalAndGeophysicalCosts
1777435
us-gaap Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
449572
us-gaap Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
672731
thm Legal Fee Expense Income
LegalFeeExpenseIncome
78653
thm Legal Fee Expense Income
LegalFeeExpenseIncome
62689
thm Transportation And Traveling Cost
TransportationAndTravelingCost
-7685
thm Transportation And Traveling Cost
TransportationAndTravelingCost
12480
us-gaap Costs Incurred Exploration Costs
CostsIncurredExplorationCosts
860549
us-gaap Costs Incurred Exploration Costs
CostsIncurredExplorationCosts
3043856
CY2022Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
118496
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
202982
CY2022Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
38600
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
117251
CY2022Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
157096
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
320233
us-gaap Net Income Loss
NetIncomeLoss
-4964799
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0.60
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
245000
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
0.78
CY2022Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
240000
CY2022Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
0.73
CY2022Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
95715
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y1M6D
CY2022Q3 thm Share Based Compensation Arrangement By Share Based Payment Award Percentage Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardPercentageOfSharesAuthorized
0.10
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
427834
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
505101
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0264
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.7675
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0000
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
0.92
CY2022Q3 us-gaap Mineral Properties Net
MineralPropertiesNet
55375124
CY2022Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
7465
CY2022Q3 us-gaap Assets Current
AssetsCurrent
5639657
CY2022Q3 us-gaap Assets
Assets
61022246
CY2021Q4 us-gaap Mineral Properties Net
MineralPropertiesNet
55375124
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
7465
CY2021Q4 us-gaap Assets Current
AssetsCurrent
7922351
CY2021Q4 us-gaap Assets
Assets
63304940
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-295260
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-1648913
us-gaap Net Income Loss
NetIncomeLoss
-2209512
CY2022Q3 us-gaap Contractual Obligation Future Minimum Payments Due Remainder Of Fiscal Year
ContractualObligationFutureMinimumPaymentsDueRemainderOfFiscalYear
168760
CY2022Q3 us-gaap Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
741792
CY2022Q3 us-gaap Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
747487
CY2022Q3 us-gaap Contractual Obligation Due In Third Year
ContractualObligationDueInThirdYear
753253
CY2022Q3 us-gaap Contractual Obligation Due In Fourth Year
ContractualObligationDueInFourthYear
759091
CY2022Q3 us-gaap Contractual Obligation Due In Fifth Year
ContractualObligationDueInFifthYear
765002
CY2022Q3 us-gaap Contractual Obligation
ContractualObligation
3935385

Files In Submission

Name View Source Status
0001410578-22-003083-index-headers.html Edgar Link pending
0001410578-22-003083-index.html Edgar Link pending
0001410578-22-003083.txt Edgar Link pending
0001410578-22-003083-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json 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
FilingSummary.xml Edgar Link unprocessable
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
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-20220930.xsd Edgar Link pending
thm-20220930x10q.htm Edgar Link pending
thm-20220930x10q001.jpg Edgar Link pending
thm-20220930xex31d1.htm Edgar Link pending
thm-20220930xex31d2.htm Edgar Link pending
thm-20220930xex32d1.htm Edgar Link pending
thm-20220930xex32d2.htm Edgar Link pending
thm-20220930_def.xml Edgar Link unprocessable
thm-20220930_cal.xml Edgar Link unprocessable
thm-20220930_pre.xml Edgar Link unprocessable
thm-20220930x10q_htm.xml Edgar Link completed
thm-20220930_lab.xml Edgar Link unprocessable