International Tower Hill Mines Q2 FY26 net loss widens to $3.38 million
THM•Net loss widens in Q2 FY26
International Tower Hill Mines posted a net loss of $3.38 million for the quarter ended June 30, 2026, worsening from $1.93 million.
Other income and project update
Other income totaled $3.62 million, led by a $2.13 million foreign-exchange gain and $1.48 million of interest income.
Feasibility Study Phase 1 contracts were awarded; two rigs began PQ core drilling in April, with 10 of about 20 planned holes completed.
Higher mineral property spending and share-based payment charges
Mineral property spending more than doubled to $5.35 million, driven by Livengood drilling activities and field services supporting the program.
Share-based payment charges rose to $732,624 from $446,400, reflecting equity compensation granted to directors and employees on May 27.
