International Tower Hill Mines cites drilling costs as nine-month 2026 net loss widens
THM•International Tower Hill Mines’ nine-month 2026 net loss widened to $5.27 million from $3.33 million, while mineral property spending rose to $8.97 million. Management said working capital of $106.8 million is expected to cover its $20–25 million work program and anticipated costs through year-end.
1. Loss and spending rise
International Tower Hill Mines reported a nine-month 2026 net loss of $5.27 million, compared with $3.33 million a year earlier. Mineral property spending increased to $8.97 million from $1.17 million, primarily because of Livengood drilling activity.
2. Working capital outlook
Foreign exchange gains of $4.57 million and interest income of $3.07 million helped offset higher expenses. Working capital rose to $106.8 million from $1.02 million at year-end 2025, supported by equity financing. Management expects existing working capital to cover a $20–25 million work program and anticipated general and administrative costs through year-end.
