International Tower Hill Mines Q2 FY26 net loss widens to $3.38 million

Reuters2026/08/12 20:32

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International Tower Hill Mines posted a net loss of $3.38 million for the quarter ended June 30, 2026, worsening from $1.93 million.
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.
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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. International Tower Hill Mines Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-094923), on August 12, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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International Tower Hill Mines Q2 FY26 net loss widens to $3.38 million

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