International Tower Hill Mines

What International Tower Hill Mines does

International Tower Hill Mines Ltd. is a Canadian-incorporated, publicly listed mineral exploration and development company (TSX: ITH; NYSE American: THM) focused exclusively on advancing its 100%-owned Livengood Gold Project, located 70 miles north of Fairbanks, Alaska, along the paved Elliott Highway and within 50 miles of grid power. The project hosts a 9.0 million ounce proven and probable gold reserve and a 13.6 million ounce measured and indicated gold resource, making it the largest wholly owned gold resource in North America not held by a major mining company. The underlying technology stack centers on pressure oxidation (POX) processing for refractory ore to enhance gold recoveries, large-diameter PQ core drilling for metallurgical testing, inverse-distance-cubed (ID3) geological modeling, and emerging flotation work to evaluate antimony recovery from 54 characterized massive stibnite veins (antimony grades up to 6.9%).

ITH generates no operating revenue and is funded entirely through equity financings, with a US$114.8 million raise closed in January 2026 (public offering plus a US$40 million Paulson & Co. private placement) bringing working capital to approximately US$115 million as of March 31, 2026. Its GTM motion is enterprise investor relations: targeting institutional and major shareholders for equity placements, with Paulson & Co. (~39.9%), Electrum Group (~12.2%), and Kopernik Global Investors (~7.5%) as anchor capital partners. Future revenue, contingent on construction and a production decision, will derive from gold (projected 6.4M oz over 21 years per the 2023 PFS) and potentially antimony concentrate sales.

The company is led by CEO Karl Hanneman (30+ years Alaska mining, ex-Teck) and chaired by Marcelo Kim of Paulson & Co., with a board augmented in April 2026 by former Donlin Gold Project GM Andrew Cole. Phase 1 Feasibility Study work is underway with BBA Consultants, Hatch, Newfields, RDA, and JDS, and PQ core drilling commenced May 6, 2026; full project advancement still requires permitting through Alaska's approximately 4-year EIA process and an estimated US$1.93 billion initial capex.

Name

International Tower Hill Mines

Legal name

International Tower Hill Mines Ltd.

Website

https://ithmines.com

Company type

Public

Founded year

1978

Operating status

Operating

Headcount range

11–50 employees

Short description

International Tower Hill Mines is a pre-revenue mineral exploration and development company advancing its 100%-owned Livengood Gold Project in Alaska, which holds a 9.0M oz gold reserve and 13.6M oz resource, funded primarily through institutional equity placements.

Ownership category

akta.pro rank

Product category

Gold Mining

NAICS

Gold Ore and Silver Ore Mining (212220)

SIC

Gold And Silver Ores (1040)

akta.pro primary industry

Precious Metals Exploration & Project Development (IMAKAEAI)

akta.pro secondary industries

Gold Mining (IMAKAEAA), Exploration & Resource Development (Critical Minerals) (IMAKAFAL)

Keywords

• Gold mining exploration
• Mineral resource development
• Precious metals extraction
• Refractory ore processing
• Gold project permitting

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Technology or R&D, Personnel, Marketing or Sales, Others

Revenue model

1. Equity Financing: As a pre-revenue mineral exploration company, ITH generates capital through equity offerings including public offerings and private placements to institutional investors. The company completed a $115 million equity financing in January 2026 and previously raised $3.9 million in March 2025 and $2.5 million in January 2024.
2. Project Development Revenue (Future): Upon successful development of the Livengood Gold Project, the company expects to generate revenue from gold and potentially antimony sales. The 2021 Pre-Feasibility Study projects 6.4 million ounces of gold production over 21 years at current resource estimates.

Go-to-market motion1 record

Marketing channels5 records

Core offering

International Tower Hill Mines acquires, explores, and evaluates mineral properties, with its entire operational focus dedicated to advancing the Livengood Gold Project in Alaska from feasibility study through permitting and into production. The project contains 9.0 million ounces of proven and probable gold reserves and 13.6 million ounces of measured and indicated gold resources, with future production projected at 6.4 million ounces of gold over a 21-year mine life and potential antimony by-product credits from massive stibnite mineralization.

Product overview

International Tower Hill Mines Ltd. is a mineral exploration and development company with a single primary focus: the Livengood Gold Project in Alaska. The company does not operate a diversified product portfolio; its sole product focus is advancing this large-scale gold mining project from feasibility through development to production. The Livengood Gold Project is a wholly-owned gold asset that represents the company's complete business model. The company also evaluates the potential recovery of antimony as a byproduct, given its strategic and critical mineral status in the US.

Differentiator

Problem solved

Functional benefit

Products and services

• Livengood Gold Project Large-scale gold mining development project located 70 miles north of Fairbanks, Alaska, representing the company's primary asset with 9.0 million ounce proven and probable gold reserve and 13.6 million ounce measured and indicated gold resource. The project is in feasibility study and permitting phase, with planned gold production over approximately 21 years and potential antimony by-product recovery.

Quantifiable outcome

• 9.0M oz gold reserve at $1,250/oz proven and probable
• +4 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eight partnerships are on record, tiered core and major.

• BBA Consultants USA LPcoreImplementation/ SI/ Consulting Partner · 13 May 2026Feasibility Study Phase 1 contractor leading overall integration and coordination of FS deliverables. Brings industry leading expertise and Livengood Gold Project experience as co-author of Company's 2017 and 2023 Pre-Feasibility Studies.
• Hatch LtdcoreImplementation/ SI/ Consulting Partner · 13 May 2026Added to feasibility study team to provide additional expertise in pressure oxidation (POX) processing, metallurgical optimization and trade-off studies. Brings global mining expertise in refractory ore processing.
• Newfields Mining Design and Technical Services LLCcoreImplementation/ SI/ Consulting Partner · 13 May 2026Feasibility Study Phase 1 contractor with Livengood Gold Project experience as co-author of Company's 2017 and 2023 Pre-Feasibility Studies. Provides mining design and technical services expertise.
• Resource Development Associates Inc. (RDA)coreImplementation/ SI/ Consulting Partner · 13 May 2026Feasibility Study Phase 1 contractor and co-author of Company's 2017 and 2023 Pre-Feasibility Studies. Prepared the 2021 Mineral Resource Estimate for the Livengood Gold Project.
• JDS Energy and Mining Inc.coreImplementation/ SI/ Consulting Partner · 13 May 2026Feasibility Study Phase 1 contractor with Livengood Gold Project experience as co-author of Company's 2017 and 2023 Pre-Feasibility Studies. Provides energy and mining engineering expertise.
• Alloy Drilling Inc.majorImplementation/ SI/ Consulting Partner · 13 May 2026Alaska-based drilling contractor with operations throughout the western United States. Mobilized two rigs to Livengood and began drilling large-diameter PQ core holes within the 13.6 million ounce measured and indicated resource on May 6, 2026.
• Advanced Mineral Technology Laboratory Ltd. (AMTEL)majorTechnology or Integration · 4 September 2025Metallurgical testing laboratory in London, Ontario providing antimony deportment work for the Livengood Gold Project antimony mineralization study. Received four metallurgical composites for antimony analysis.
• SGS Vancouver and SGS LakefieldmajorTechnology or Integration · 4 September 2025Major metallurgical testing laboratories engaged for next phase of antimony flotation test work to assess potential flowsheets and evaluate how samples respond to flotation processing.

Scale indicators8 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Perpetua Resources: Perpetua Resources is developing the Stibnite Gold Project in Idaho with a primary gold focus and antimony by-product credit. Both companies share a refractory gold + antimony critical-mineral thesis, similar permitting-stage status, and reliance on US domestic critical mineral policy support. Marcelo Kim chairs both companies, providing a direct governance linkage.
• Donlin Gold (NOVAGOLD/Barrick JV): Donlin Gold is one of the largest undeveloped gold deposits in Alaska, owned jointly by NOVAGOLD and Barrick. It is a comparable large-scale Alaska gold project at a similar development/permitting stage, with similar infrastructure advantages and permitting profile. Andrew Cole, an ITH director, previously served as Donlin's General Manager.
• NOVAGOLD Resources: NOVAGOLD is a development-stage gold company whose sole material asset is its 50% interest in Donlin Gold in Alaska. It mirrors ITH's single-asset, pre-revenue, Alaska-focused, large-scale gold development profile with multi-year permitting and construction timelines.
• Seabridge Gold: Seabridge Gold is a pre-revenue gold developer with multiple large-scale gold assets (KSM, Courageous Lake) advancing through feasibility and permitting. Comparable as a large-resource, development-stage North American gold company reliant on equity financing and exposed to similar gold-price-leverage dynamics.
• Hycroft Mining Holding Corporation: Hycroft Mining is developing the Hycroft silver-gold mine in Nevada and is led by a board including Thomas Weng (also ITH's Lead Independent Director). Both companies are pre-revenue precious-metal developers pursuing metallurgical recovery improvements and equity-financed advancement.
• Jaguar Mining: Jaguar Mining is a small-cap gold producer/developer. Thomas Weng (ITH's Lead Independent Director) serves on Jaguar's board, indicating shared governance overlap and a comparable precious-metals-focused junior-mining profile relevant to peer valuation benchmarking.

Emerging players

• Corvus Gold (acquired by AngloGold Ashanti): Corvus Gold was a Nevada-focused gold developer acquired by AngloGold Ashanti in 2022. Anton Drescher (ITH director) previously served on Corvus's board, illustrating the comparable junior gold developer profile ITH occupies prior to a potential acquisition or partnership event.
• Trevali Mining: Trevali Mining is/was a base-metals-focused mining company with Anton Drescher (ITH director) on its board. It represents another comparable junior mining profile with shared director oversight, illustrating the small-cap junior mining peer set within which ITH trades.

Broad incumbents

• Barrick Gold: Barrick is one of the world's largest gold producers with Alaska operational history (Donlin partner, former Goldstrike). ITH is described in company materials as 'the largest wholly-owned gold resource in North America not owned by a major,' positioning Barrick-type majors as logical acquirers or partners should Livengood advance to construction.
• Kinross Gold: Kinross Gold is a senior North American-focused gold producer with active operations and development projects. As a major with North American production focus, Kinross is a comparable incumbent with capacity to acquire or partner with junior developers like ITH to add ounces.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/ithmines

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds5 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about International Tower Hill Mines