10-Q quarterly report · filed May 6, 2015

International Tower Hill Mines Ltd (THM) Q1 2015 10-Q Quarterly Report

Short answer

International Tower Hill Mines Ltd (THM) filed its Q1 2015 10-Q quarterly report on May 6, 2015 for the quarter ended Mar 31, 2015.

International Tower Hill Mines Ltd Q1 2015 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Revenue: none, no revenue-generating operations
  • Net loss $636,495 vs $3,510,319 YoY, net loss per share $0.01 vs $0.04
  • Best-performing activity: other income $918,611 vs $1,199,070 expense, driven by foreign exchange and derivative revaluation
  • Cash $11,294,428 vs $13,521,473, reduced by $2.2 million including $0.7 million project spending
  • 2015 spending approximately $10 million, additional financing required amid permitting and funding risks

Risk Factors

  • No material changes identified: Risk Factors incorporated from the December 31, 2014 Form 10-K
  • Regulatory risk: Livengood permitting requires consents, permits and authorizations, with compliance on a safe, cost-effective basis
  • Operational risk: Exploration success depends on metallurgy and recovery characteristics representing the broader deposit
  • Financial risk: Cash declined to $11,294,428 from $13,521,473 during the quarter
  • Market risk: Derivative liability remained exposed to the five-year average gold price, valued at $14,500,000

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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