International Tower Hill Mines Q2 2026 loss widens as Livengood drilling, fieldwork spending rises, company says
THM•Other income improves and liquidity strengthens
Other income improved on a $4.82 million foreign-exchange gain, while interest income rose to $2.12 million on short-term deposits.
Liquidity strengthened; cash and cash equivalents were $60.44 million, working capital $110.13 million, following $114.8 million gross equity financing.
Six-month loss narrows as exploration spending rises
For the six months ended June 30, 2026, net loss narrowed to $1.11 million from $2.59 million a year earlier.
Higher exploration spend at Livengood drove results; mineral property expenditures rose to $5.61 million from $950,396.
Livengood spending reflected feasibility-related work
The spending increase reflected feasibility-related drilling, field support, land-related legal work, higher wages, consulting, professional fees and travel.
