10-K Filing

INTERNATIONAL TOWER HILL MINES LTD CIK: 1134115 FY 2014

Filing Information

Form Type	10-K
Accession Number	`0001104659-15-018859`
Period End Date	20141231
Filing Date	20150311
Fiscal Year	2014
Fiscal Period	FY
XBRL Instance	thm-20141231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 47 Income Statement 76 Cash Flow Statement 59 Stockholders Equity 29

Balance Sheet 47 line items

Line Item	Tag	Value	Unit	Period
Share capital, par value	`CommonStockNoParValue`	-	USD	Point-in-time
Share capital, par value	`CommonStockNoParValue`	-	USD	Point-in-time
Share capital, authorized shares	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Share capital, authorized shares	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$54.71M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$13.93M	USD	Point-in-time
Share capital, shares issued	`CommonStockSharesIssued`	98.07M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$30.17M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$13.52M	USD	Point-in-time
Share capital, shares issued	`CommonStockSharesIssued`	116.31M	shares	Point-in-time
Share capital, shares outstanding	`CommonStockSharesOutstanding`	98.07M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$267.32K	USD	Point-in-time
Share capital, shares outstanding	`CommonStockSharesOutstanding`	116.31M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$242.06K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$13.76M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$14.19M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$30.48K	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentNet`	$37.13K	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentNet`	$67.91K	USD	Point-in-time
Capitalized acquisition costs	`MineralPropertiesNet`	$55.17M	USD	Point-in-time
Capitalized acquisition costs	`MineralPropertiesNet`	$55.20M	USD	Point-in-time
Total assets	`Assets`	$69.46M	USD	Point-in-time
Total assets	`Assets`	$69.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$270.49K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$42.47K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.45M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$878.68K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.15M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.49M	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesNoncurrent`	$14.80M	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesNoncurrent`	$14.70M	USD	Point-in-time
Total liabilities	`Liabilities`	$15.85M	USD	Point-in-time
Total liabilities	`Liabilities`	$16.29M	USD	Point-in-time
Share capital, no par value; authorized 500,000,000 shares; 116,313,638 and 98,068,638 shares issued and outstanding at December 31, 2014 and 2013, respectively	`CommonStockValue`	$236.40M	USD	Point-in-time
Share capital, no par value; authorized 500,000,000 shares; 116,313,638 and 98,068,638 shares issued and outstanding at December 31, 2014 and 2013, respectively	`CommonStockValue`	$243.69M	USD	Point-in-time
Contributed surplus	`AdditionalPaidInCapitalCommonStock`	$32.15M	USD	Point-in-time
Contributed surplus	`AdditionalPaidInCapitalCommonStock`	$33.44M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$3.02M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$2.20M	USD	Point-in-time
Deficit accumulated during the exploration stage	`RetainedEarningsAccumulatedDeficit`	$-218.41M	USD	Point-in-time
Deficit accumulated during the exploration stage	`RetainedEarningsAccumulatedDeficit`	$-226.17M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$78.18M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$53.17M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$53.16M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$60.54M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$69.00M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$69.46M	USD	Point-in-time

Income Statement 76 line items

Line Item	Tag	Value	Unit	Period
Consulting fees	`ConsultingFees`	$1.34M	USD	Annual
Consulting fees	`ConsultingFees`	$3.31M	USD	Annual
Consulting fees	`ConsultingFees`	$333.14K	USD	Annual
Depreciation	`DepreciationDepletionAndAmortization`	$15.78K	USD	Annual
Depreciation	`DepreciationDepletionAndAmortization`	$21.80K	USD	Annual
Depreciation	`DepreciationDepletionAndAmortization`	$31.66K	USD	Annual
Insurance	`GeneralInsuranceExpense`	$310.55K	USD	Annual
Insurance	`GeneralInsuranceExpense`	$284.99K	USD	Annual
Insurance	`GeneralInsuranceExpense`	$270.72K	USD	Annual
Investor relations	`InvestorRelationsExpenses`	$479.84K	USD	Annual
Investor relations	`InvestorRelationsExpenses`	$304.80K	USD	Annual
Investor relations	`InvestorRelationsExpenses`	$221.66K	USD	Annual
Mineral property exploration	`ExplorationExpenseMining`	$8.19M	USD	Annual
Mineral property exploration	`ExplorationExpenseMining`	$2.63M	USD	Annual
Mineral property exploration	`ExplorationExpenseMining`	$36.25M	USD	Annual
Office	`GeneralAndAdministrativeExpense`	$160.05K	USD	Annual
Office	`GeneralAndAdministrativeExpense`	$97.56K	USD	Annual
Office	`GeneralAndAdministrativeExpense`	$68.94K	USD	Annual
Other	`OtherExpenses`	$52.52K	USD	Annual
Other	`OtherExpenses`	$73.14K	USD	Annual
Other	`OtherExpenses`	$28.79K	USD	Annual
Professional fees	`ProfessionalFees`	$467.51K	USD	Annual
Professional fees	`ProfessionalFees`	$389.22K	USD	Annual
Professional fees	`ProfessionalFees`	$613.06K	USD	Annual
Regulatory	`RegulatoryExpenses`	$125.02K	USD	Annual
Regulatory	`RegulatoryExpenses`	$119.15K	USD	Annual
Regulatory	`RegulatoryExpenses`	$174.54K	USD	Annual
Rent	`OperatingLeasesRentExpenseNet`	$226.48K	USD	Annual
Rent	`OperatingLeasesRentExpenseNet`	$225.41K	USD	Annual
Rent	`OperatingLeasesRentExpenseNet`	$251.84K	USD	Annual
Travel	`TravelAndEntertainmentExpense`	$283.71K	USD	Annual
Travel	`TravelAndEntertainmentExpense`	$196.81K	USD	Annual
Travel	`TravelAndEntertainmentExpense`	$121.74K	USD	Annual
Wages and benefits	`LaborAndRelatedExpense`	$13.64M	USD	Annual
Wages and benefits	`LaborAndRelatedExpense`	$3.95M	USD	Annual
Wages and benefits	`LaborAndRelatedExpense`	$6.86M	USD	Annual
Total operating expenses	`OperatingIncomeLoss`	$-8.37M	USD	Annual
Total operating expenses	`OperatingIncomeLoss`	$-55.59M	USD	Annual
Total operating expenses	`OperatingIncomeLoss`	$-18.17M	USD	Annual
Gain on foreign exchange	`ForeignCurrencyTransactionGainLossBeforeTax`	$453.16K	USD	Annual
Gain on foreign exchange	`ForeignCurrencyTransactionGainLossBeforeTax`	$68.11K	USD	Annual
Gain on foreign exchange	`ForeignCurrencyTransactionGainLossBeforeTax`	$917.30K	USD	Annual
Interest income	`InvestmentIncomeInterestAndDividend`	$103.76K	USD	Annual
Interest income	`InvestmentIncomeInterestAndDividend`	$183.25K	USD	Annual
Interest income	`InvestmentIncomeInterestAndDividend`	$56.67K	USD	Annual
Income from mineral property earn-in	`IncomeFromMineralPropertiesEarnedIn`	$290.55K	USD	Annual
Impairment of available-for-sale securities	`OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities`	$298.77K	USD	Annual
Unrealized gain/(loss) on derivative	`UnrealizedGainLossOnDerivatives`	$7.60M	USD	Annual
Unrealized gain/(loss) on derivative	`UnrealizedGainLossOnDerivatives`	$-1.60M	USD	Annual
Unrealized gain/(loss) on derivative	`UnrealizedGainLossOnDerivatives`	$100.00K	USD	Annual
Other	`OtherGeneralExpense`	$3.64K	USD	Annual
Total other income (expense)	`NonoperatingIncomeExpense`	$606.19K	USD	Annual
Total other income (expense)	`NonoperatingIncomeExpense`	$8.32M	USD	Annual
Total other income (expense)	`NonoperatingIncomeExpense`	$-1.06M	USD	Annual
Net loss for the period	`NetIncomeLoss`	$-56.64M	USD	Annual
Net loss for the period	`NetIncomeLoss`	$-7.77M	USD	Annual
Net loss for the period	`NetIncomeLoss`	$-9.85M	USD	Annual
Unrealized loss on available-for-sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$-118.92K	USD	Annual
Unrealized loss on available-for-sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$-24.72K	USD	Annual
Unrealized loss on available-for-sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$-163.18K	USD	Annual
Impairment of available-for-sale securities	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForWritedownOfSecuritiesBeforeTax`	$298.77K	USD	Annual
Exchange difference on translating foreign operations	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$741.02K	USD	Annual
Exchange difference on translating foreign operations	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$-800.31K	USD	Annual
Exchange difference on translating foreign operations	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$-1.26M	USD	Annual
Total other comprehensive income (loss) for the period	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent`	$577.84K	USD	Annual
Total other comprehensive income (loss) for the period	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent`	$-1.08M	USD	Annual
Total other comprehensive income (loss) for the period	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent`	$-825.03K	USD	Annual
Comprehensive loss for the period	`OtherComprehensiveIncomeLossBeforeTax`	$-8.59M	USD	Annual
Comprehensive loss for the period	`OtherComprehensiveIncomeLossBeforeTax`	$-10.93M	USD	Annual
Comprehensive loss for the period	`OtherComprehensiveIncomeLossBeforeTax`	$-56.07M	USD	Annual
Basic and fully diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.10	USD	Annual
Basic and fully diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.62	USD	Annual
Basic and fully diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.08	USD	Annual
Weighted average number of shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	98.07M	shares	Annual
Weighted average number of shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	91.11M	shares	Annual
Weighted average number of shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	99.07M	shares	Annual

Cash Flow Statement 59 line items

Line Item	Tag	Value	Unit	Period
Loss for the period	`NetIncomeLoss`	$-56.64M	USD	Annual
Loss for the period	`NetIncomeLoss`	$-7.77M	USD	Annual
Loss for the period	`NetIncomeLoss`	$-9.85M	USD	Annual
Depreciation	`DepreciationDepletionAndAmortization`	$15.78K	USD	Annual
Depreciation	`DepreciationDepletionAndAmortization`	$21.80K	USD	Annual
Depreciation	`DepreciationDepletionAndAmortization`	$31.66K	USD	Annual
Share-based payments	`ShareBasedCompensation`	$3.56M	USD	Annual
Share-based payments	`ShareBasedCompensation`	$1.29M	USD	Annual
Share-based payments	`ShareBasedCompensation`	$9.21M	USD	Annual
Unrealized (gain) loss on derivative liability	`UnrealizedGainLossOnDerivatives`	$7.60M	USD	Annual
Unrealized (gain) loss on derivative liability	`UnrealizedGainLossOnDerivatives`	$-1.60M	USD	Annual
Unrealized (gain) loss on derivative liability	`UnrealizedGainLossOnDerivatives`	$100.00K	USD	Annual
Impairment of available-for-sale securities	`OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities`	$298.77K	USD	Annual
Write-down of advance to contractors	`WriteDownOfAdvanceToContractors`	$482.01K	USD	Annual
Other	`OtherNoncashIncomeExpense`	$-15.00K	USD	Annual
Other	`OtherNoncashIncomeExpense`	$42.02K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-174.54K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-44.74K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-393.44K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-18.19K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$42.51K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-25.73K	USD	Annual
Advance to contractors	`IncreaseDecreaseInAdvanceToContractors`	$30.68K	USD	Annual
Advance to contractors	`IncreaseDecreaseInAdvanceToContractors`	$-100.00K	USD	Annual
Advance to contractors	`IncreaseDecreaseInAdvanceToContractors`	$102.01K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-332.44K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.25M	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-6.58M	USD	Annual
Cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-52.40M	USD	Annual
Cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-6.84M	USD	Annual
Cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-14.82M	USD	Annual
Issuance of share capital	`ProceedsFromIssuanceOfCommonStock`	$7.32M	USD	1 Quarter
Issuance of share capital	`ProceedsFromIssuanceOfCommonStock`	$7.32M	USD	Annual
Issuance of share capital	`ProceedsFromIssuanceOfCommonStock`	$29.77M	USD	Annual
Share issuance costs	`PaymentsOfStockIssuanceCosts`	$554.28K	USD	Annual
Share issuance costs	`PaymentsOfStockIssuanceCosts`	$24.83K	USD	Annual
Cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$29.21M	USD	Annual
Cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$7.29M	USD	Annual
Change in restricted cash	`IncreaseDecreaseInRestrictedCash`	$30.48K	USD	Annual
Change in restricted cash	`IncreaseDecreaseInRestrictedCash`	$-30.48K	USD	Annual
Capitalized acquisition costs	`PaymentToAcquireMineralProperties`	$2.13M	USD	Annual
Capitalized acquisition costs	`PaymentToAcquireMineralProperties`	$30.48K	USD	Annual
Expenditures on property and equipment, net	`PaymentsToAcquirePropertyPlantAndEquipment`	$-3.63K	USD	Annual
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-30.48K	USD	Annual
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.12M	USD	Annual
Effect of foreign exchange on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$768.29K	USD	Annual
Effect of foreign exchange on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-1.39M	USD	Annual
Effect of foreign exchange on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-851.64K	USD	Annual
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-24.54M	USD	Annual
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-16.25M	USD	Annual
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-404.13K	USD	Annual
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$54.71M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$13.93M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$30.17M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$13.52M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$54.71M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$13.93M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$30.17M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$13.52M	USD	Point-in-time

Stockholders Equity 29 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$78.18M	USD	Point-in-time
Balance	`StockholdersEquity`	$53.17M	USD	Point-in-time
Balance	`StockholdersEquity`	$53.16M	USD	Point-in-time
Balance	`StockholdersEquity`	$60.54M	USD	Point-in-time
Balance (in shares)	`CommonStockSharesIssued`	98.07M	shares	Point-in-time
Balance (in shares)	`CommonStockSharesIssued`	116.31M	shares	Point-in-time
Private placement	`StockIssuedDuringPeriodValuePrivatePlacement`	$7.32M	USD	Annual
Private placement	`StockIssuedDuringPeriodValuePrivatePlacement`	$29.77M	USD	Annual
Share issuance costs	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$554.28K	USD	Annual
Share issuance costs	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$24.83K	USD	Annual
Stock based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$3.56M	USD	Annual
Stock based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.29M	USD	Annual
Stock based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$9.21M	USD	Annual
Unrealized loss on available-for-sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$-118.92K	USD	Annual
Unrealized loss on available-for-sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$-24.72K	USD	Annual
Unrealized loss on available-for-sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$-163.18K	USD	Annual
Impairment of available-for-sale securities	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForWritedownOfSecuritiesBeforeTax`	$298.77K	USD	Annual
Exchange difference on translating foreign operations	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$741.02K	USD	Annual
Exchange difference on translating foreign operations	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$-800.31K	USD	Annual
Exchange difference on translating foreign operations	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$-1.26M	USD	Annual
Net loss	`NetIncomeLoss`	$-56.64M	USD	Annual
Net loss	`NetIncomeLoss`	$-7.77M	USD	Annual
Net loss	`NetIncomeLoss`	$-9.85M	USD	Annual
Balance	`StockholdersEquity`	$78.18M	USD	Point-in-time
Balance	`StockholdersEquity`	$53.17M	USD	Point-in-time
Balance	`StockholdersEquity`	$53.16M	USD	Point-in-time
Balance	`StockholdersEquity`	$60.54M	USD	Point-in-time
Balance (in shares)	`CommonStockSharesIssued`	98.07M	shares	Point-in-time
Balance (in shares)	`CommonStockSharesIssued`	116.31M	shares	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.