10-Q Filing

INTERNATIONAL TOWER HILL MINES LTD CIK: 1134115 Q2 2021

Filing Information

Form Type	10-Q
Accession Number	`0001104659-21-101097`
Period End Date	20210630
Filing Date	20210806
Fiscal Year	2021
Fiscal Period	Q2
XBRL Instance	thm-20210630x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 40 Income Statement 92 Cash Flow Statement 30 Stockholders Equity 32

Balance Sheet 40 line items

Line Item	Tag	Value	Unit	Period
Common Stock, No Par Value	`CommonStockNoParValue`	-	USD	Point-in-time
Common Stock, No Par Value	`CommonStockNoParValue`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$13.05M	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	194.91M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	194.91M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.62M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$162.08K	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$244.41K	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	194.91M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	194.91M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$13.21M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$10.86M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentNet`	$7.83K	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentNet`	$7.46K	USD	Point-in-time
Capitalized acquisition costs	`MineralPropertiesNet`	$55.38M	USD	Point-in-time
Capitalized acquisition costs	`MineralPropertiesNet`	$55.38M	USD	Point-in-time
Total assets	`Assets`	$68.59M	USD	Point-in-time
Total assets	`Assets`	$66.24M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$376.64K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$199.03K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$293.96K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$302.83K	USD	Point-in-time
Total liabilities	`Liabilities`	$492.99K	USD	Point-in-time
Total liabilities	`Liabilities`	$679.47K	USD	Point-in-time
Share capital, no par value; unlimited number of authorized shares; 194,908,184 shares issued and outstanding at June 30, 2021 and December 31, 2020	`CommonStockValue`	$288.03M	USD	Point-in-time
Share capital, no par value; unlimited number of authorized shares; 194,908,184 shares issued and outstanding at June 30, 2021 and December 31, 2020	`CommonStockValue`	$288.03M	USD	Point-in-time
Contributed surplus	`AdditionalPaidInCapitalCommonStock`	$35.93M	USD	Point-in-time
Contributed surplus	`AdditionalPaidInCapitalCommonStock`	$35.45M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$2.06M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.76M	USD	Point-in-time
Deficit	`RetainedEarningsAccumulatedDeficit`	$-257.14M	USD	Point-in-time
Deficit	`RetainedEarningsAccumulatedDeficit`	$-260.46M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$65.56M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$68.10M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$60.84M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$61.74M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$67.13M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$62.23M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$68.59M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$66.24M	USD	Point-in-time

Income Statement 92 line items

Line Item	Tag	Value	Unit	Period
Consulting fees	`ConsultingFees`	$340.58K	USD	1 Quarter
Consulting fees	`ConsultingFees`	$481.67K	USD	2 Qtrs
Consulting fees	`ConsultingFees`	$421.66K	USD	1 Quarter
Consulting fees	`ConsultingFees`	$381.00K	USD	2 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$885.00	USD	2 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$342.00	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$369.00	USD	2 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$442.00	USD	1 Quarter
Insurance	`GeneralInsuranceExpense`	$35.66K	USD	1 Quarter
Insurance	`GeneralInsuranceExpense`	$47.03K	USD	1 Quarter
Insurance	`GeneralInsuranceExpense`	$87.94K	USD	2 Qtrs
Insurance	`GeneralInsuranceExpense`	$66.89K	USD	2 Qtrs
Investor relations	`InvestorRelationsExpenses`	$41.70K	USD	1 Quarter
Investor relations	`InvestorRelationsExpenses`	$53.89K	USD	2 Qtrs
Investor relations	`InvestorRelationsExpenses`	$31.56K	USD	1 Quarter
Investor relations	`InvestorRelationsExpenses`	$42.05K	USD	2 Qtrs
Mineral property exploration	`OperatingCostsAndExpenses`	$536.60K	USD	1 Quarter
Mineral property exploration	`OperatingCostsAndExpenses`	$1.67M	USD	2 Qtrs
Mineral property exploration	`OperatingCostsAndExpenses`	$1.13M	USD	1 Quarter
Mineral property exploration	`OperatingCostsAndExpenses`	$652.02K	USD	2 Qtrs
Office	`GeneralAndAdministrativeExpense`	$13.73K	USD	2 Qtrs
Office	`GeneralAndAdministrativeExpense`	$13.40K	USD	2 Qtrs
Office	`GeneralAndAdministrativeExpense`	$8.82K	USD	1 Quarter
Office	`GeneralAndAdministrativeExpense`	$6.11K	USD	1 Quarter
Other	`OtherExpenses`	$4.83K	USD	1 Quarter
Other	`OtherExpenses`	$9.08K	USD	2 Qtrs
Other	`OtherExpenses`	$5.19K	USD	1 Quarter
Other	`OtherExpenses`	$8.08K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$50.02K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$37.04K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$89.16K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$96.66K	USD	2 Qtrs
Regulatory	`RegulatoryExpenses`	$80.26K	USD	2 Qtrs
Regulatory	`RegulatoryExpenses`	$32.98K	USD	1 Quarter
Regulatory	`RegulatoryExpenses`	$133.01K	USD	2 Qtrs
Regulatory	`RegulatoryExpenses`	$19.08K	USD	1 Quarter
Rent	`LeaseAndRentalExpense`	$67.64K	USD	2 Qtrs
Rent	`LeaseAndRentalExpense`	$67.87K	USD	2 Qtrs
Rent	`LeaseAndRentalExpense`	$33.94K	USD	1 Quarter
Rent	`LeaseAndRentalExpense`	$33.69K	USD	1 Quarter
Travel	`TravelAndEntertainmentExpense`	$4.48K	USD	1 Quarter
Travel	`TravelAndEntertainmentExpense`	$3.60K	USD	1 Quarter
Travel	`TravelAndEntertainmentExpense`	$6.99K	USD	2 Qtrs
Travel	`TravelAndEntertainmentExpense`	$5.76K	USD	2 Qtrs
Wages and benefits	`LaborAndRelatedExpense`	$426.41K	USD	2 Qtrs
Wages and benefits	`LaborAndRelatedExpense`	$263.16K	USD	1 Quarter
Wages and benefits	`LaborAndRelatedExpense`	$384.73K	USD	2 Qtrs
Wages and benefits	`LaborAndRelatedExpense`	$230.20K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.79M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$1.28M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$2.03M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$3.04M	USD	2 Qtrs
Gain/(loss) on foreign exchange	`ForeignCurrencyTransactionGainLossBeforeTax`	$-157.83K	USD	1 Quarter
Gain/(loss) on foreign exchange	`ForeignCurrencyTransactionGainLossBeforeTax`	$-298.52K	USD	2 Qtrs
Gain/(loss) on foreign exchange	`ForeignCurrencyTransactionGainLossBeforeTax`	$-225.09K	USD	1 Quarter
Gain/(loss) on foreign exchange	`ForeignCurrencyTransactionGainLossBeforeTax`	$316.09K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$50.67K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$3.84K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$13.76K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$13.34K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$5.29K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$10.00K	USD	2 Qtrs
Other income	`OtherNonoperatingIncomeExpense`	$10.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$5.29K	USD	2 Qtrs
Total other income (expenses)	`NonoperatingIncomeExpense`	$-143.99K	USD	1 Quarter
Total other income (expenses)	`NonoperatingIncomeExpense`	$-206.46K	USD	1 Quarter
Total other income (expenses)	`NonoperatingIncomeExpense`	$372.05K	USD	2 Qtrs
Total other income (expenses)	`NonoperatingIncomeExpense`	$-274.75K	USD	2 Qtrs
Net income (loss) for the period	`NetIncomeLoss`	$-3.32M	USD	2 Qtrs
Net income (loss) for the period	`NetIncomeLoss`	$-2.18M	USD	1 Quarter
Net income (loss) for the period	`NetIncomeLoss`	$-1.49M	USD	1 Quarter
Net income (loss) for the period	`NetIncomeLoss`	$-1.42M	USD	2 Qtrs
Exchange difference on translating foreign operations	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$230.65K	USD	1 Quarter
Exchange difference on translating foreign operations	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$-322.68K	USD	2 Qtrs
Exchange difference on translating foreign operations	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$161.04K	USD	1 Quarter
Exchange difference on translating foreign operations	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$304.44K	USD	2 Qtrs
Total other comprehensive income (loss) for the period	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent`	$161.04K	USD	1 Quarter
Total other comprehensive income (loss) for the period	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent`	$304.44K	USD	2 Qtrs
Total other comprehensive income (loss) for the period	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent`	$-322.68K	USD	2 Qtrs
Total other comprehensive income (loss) for the period	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent`	$230.65K	USD	1 Quarter
Comprehensive loss for the period	`ComprehensiveIncomeNetOfTax`	$-1.74M	USD	2 Qtrs
Comprehensive loss for the period	`ComprehensiveIncomeNetOfTax`	$-3.01M	USD	2 Qtrs
Comprehensive loss for the period	`ComprehensiveIncomeNetOfTax`	$-1.26M	USD	1 Quarter
Comprehensive loss for the period	`ComprehensiveIncomeNetOfTax`	$-2.02M	USD	1 Quarter
Basic and diluted loss per share	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Basic and diluted loss per share	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	2 Qtrs
Basic and diluted loss per share	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	2 Qtrs
Basic and diluted loss per share	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Weighted average number of shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	194.91M	shares	1 Quarter
Weighted average number of shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	187.57M	shares	1 Quarter
Weighted average number of shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	194.91M	shares	2 Qtrs
Weighted average number of shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	187.57M	shares	2 Qtrs

Cash Flow Statement 30 line items

Line Item	Tag	Value	Unit	Period
Loss for the period	`ProfitLoss`	$-3.32M	USD	2 Qtrs
Loss for the period	`ProfitLoss`	$-1.42M	USD	2 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$885.00	USD	2 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$342.00	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$369.00	USD	2 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$442.00	USD	1 Quarter
Stock-based compensation-options	`StockOptionPlanExpense`	$53.63K	USD	2 Qtrs
Stock-based compensation-options	`StockOptionPlanExpense`	$107.23K	USD	2 Qtrs
Stock-based compensation-DSUs	`ShareBasedCompensationUnderDeferredShareUnitIncentivePlan`	$294.62K	USD	2 Qtrs
Stock-based compensation-DSUs	`ShareBasedCompensationUnderDeferredShareUnitIncentivePlan`	$367.85K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-103.19K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-22.70K	USD	2 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidExpensesOther`	$75.26K	USD	2 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidExpensesOther`	$101.91K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-87.36K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$183.50K	USD	2 Qtrs
Cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.13M	USD	2 Qtrs
Cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.74M	USD	2 Qtrs
Effect of foreign exchange on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-315.83K	USD	2 Qtrs
Effect of foreign exchange on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$304.29K	USD	2 Qtrs
Change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-1.45M	USD	2 Qtrs
Change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-2.43M	USD	2 Qtrs
Cash and cash equivalents, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.49M	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$10.62M	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.94M	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$13.05M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.49M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$10.62M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.94M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$13.05M	USD	Point-in-time

Stockholders Equity 32 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$65.56M	USD	Point-in-time
Balance	`StockholdersEquity`	$68.10M	USD	Point-in-time
Balance	`StockholdersEquity`	$60.84M	USD	Point-in-time
Balance	`StockholdersEquity`	$61.74M	USD	Point-in-time
Balance	`StockholdersEquity`	$67.13M	USD	Point-in-time
Balance	`StockholdersEquity`	$62.23M	USD	Point-in-time
Balance (in shares)	`CommonStockSharesIssued`	194.91M	shares	Point-in-time
Balance (in shares)	`CommonStockSharesIssued`	194.91M	shares	Point-in-time
Stock-based compensation-options	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$53.63K	USD	2 Qtrs
Stock-based compensation-options	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$107.23K	USD	2 Qtrs
Stock-based compensation-options	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$88.26K	USD	1 Quarter
Stock-based compensation-options	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$53.63K	USD	1 Quarter
Stock-based compensation-DSUs	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationDeferredShareUnitPlan`	$294.62K	USD	2 Qtrs
Stock-based compensation-DSUs	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationDeferredShareUnitPlan`	$367.85K	USD	2 Qtrs
Stock-based compensation-DSUs	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationDeferredShareUnitPlan`	$294.62K	USD	1 Quarter
Stock-based compensation-DSUs	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationDeferredShareUnitPlan`	$367.85K	USD	1 Quarter
Exchange difference on translating foreign operations	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$230.65K	USD	1 Quarter
Exchange difference on translating foreign operations	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$-322.68K	USD	2 Qtrs
Exchange difference on translating foreign operations	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$161.04K	USD	1 Quarter
Exchange difference on translating foreign operations	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$304.44K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-3.32M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-2.18M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.49M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.42M	USD	2 Qtrs
Balance	`StockholdersEquity`	$65.56M	USD	Point-in-time
Balance	`StockholdersEquity`	$68.10M	USD	Point-in-time
Balance	`StockholdersEquity`	$60.84M	USD	Point-in-time
Balance	`StockholdersEquity`	$61.74M	USD	Point-in-time
Balance	`StockholdersEquity`	$67.13M	USD	Point-in-time
Balance	`StockholdersEquity`	$62.23M	USD	Point-in-time
Balance (in shares)	`CommonStockSharesIssued`	194.91M	shares	Point-in-time
Balance (in shares)	`CommonStockSharesIssued`	194.91M	shares	Point-in-time

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