10-Q Filing

INTERNATIONAL TOWER HILL MINES LTD CIK: 1134115 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0001410578-23-001570`
Period End Date	20230630
Filing Date	20230807
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	thm-20230630x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 40 Income Statement 96 Cash Flow Statement 34 Stockholders Equity 33

Balance Sheet 40 line items

Line Item	Tag	Value	Unit	Period
Share capital, no par value	`CommonStockNoParValue`	-	USD	Point-in-time
Share capital, no par value	`CommonStockNoParValue`	-	USD	Point-in-time
Share capital, shares issued	`CommonStockSharesIssued`	195.89M	shares	Point-in-time
Share capital, shares issued	`CommonStockSharesIssued`	195.31M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.85M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.99M	USD	Point-in-time
Share capital, shares outstanding	`CommonStockSharesOutstanding`	195.89M	shares	Point-in-time
Share capital, shares outstanding	`CommonStockSharesOutstanding`	195.31M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$152.57K	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$297.92K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.29M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentNet`	$7.46K	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`	$60.38M	USD	Point-in-time
Total assets	`Assets`	$58.67M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$53.54K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$24.30K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$234.85K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$142.52K	USD	Point-in-time
Total liabilities	`Liabilities`	$288.38K	USD	Point-in-time
Total liabilities	`Liabilities`	$166.82K	USD	Point-in-time
Share capital, no par value; unlimited number of authorized shares; 195,313,184 and 195,885,531 shares issued and outstanding at December 31, 2022 and June 30, 2023, respectively	`CommonStockValue`	$288.48M	USD	Point-in-time
Share capital, no par value; unlimited number of authorized shares; 195,313,184 and 195,885,531 shares issued and outstanding at December 31, 2022 and June 30, 2023, respectively	`CommonStockValue`	$288.87M	USD	Point-in-time
Contributed surplus	`AdditionalPaidInCapitalCommonStock`	$36.22M	USD	Point-in-time
Contributed surplus	`AdditionalPaidInCapitalCommonStock`	$36.28M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.50M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.56M	USD	Point-in-time
Deficit	`RetainedEarningsAccumulatedDeficit`	$-268.14M	USD	Point-in-time
Deficit	`RetainedEarningsAccumulatedDeficit`	$-266.17M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$61.44M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$62.73M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$62.46M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$58.50M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$60.09M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$59.61M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$60.38M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$58.67M	USD	Point-in-time

Income Statement 96 line items

Line Item	Tag	Value	Unit	Period
Consulting fees	`ConsultingFees`	$432.76K	USD	2 Qtrs
Consulting fees	`ConsultingFees`	$318.61K	USD	1 Quarter
Consulting fees	`ConsultingFees`	$376.25K	USD	2 Qtrs
Consulting fees	`ConsultingFees`	$374.10K	USD	1 Quarter
Insurance	`GeneralInsuranceExpense`	$52.99K	USD	1 Quarter
Insurance	`GeneralInsuranceExpense`	$102.57K	USD	2 Qtrs
Insurance	`GeneralInsuranceExpense`	$58.49K	USD	1 Quarter
Insurance	`GeneralInsuranceExpense`	$100.94K	USD	2 Qtrs
Investor relations	`InvestorRelationsExpenses`	$34.32K	USD	1 Quarter
Investor relations	`InvestorRelationsExpenses`	$49.57K	USD	2 Qtrs
Investor relations	`InvestorRelationsExpenses`	$34.81K	USD	2 Qtrs
Investor relations	`InvestorRelationsExpenses`	$30.74K	USD	1 Quarter
Mineral property exploration	`OperatingCostsAndExpenses`	$641.75K	USD	1 Quarter
Mineral property exploration	`OperatingCostsAndExpenses`	$787.64K	USD	2 Qtrs
Mineral property exploration	`OperatingCostsAndExpenses`	$765.04K	USD	2 Qtrs
Mineral property exploration	`OperatingCostsAndExpenses`	$561.95K	USD	1 Quarter
Office	`GeneralAndAdministrativeExpense`	$6.09K	USD	1 Quarter
Office	`GeneralAndAdministrativeExpense`	$8.89K	USD	2 Qtrs
Office	`GeneralAndAdministrativeExpense`	$5.98K	USD	1 Quarter
Office	`GeneralAndAdministrativeExpense`	$10.44K	USD	2 Qtrs
Other	`OtherExpenses`	$2.80K	USD	1 Quarter
Other	`OtherExpenses`	$7.02K	USD	2 Qtrs
Other	`OtherExpenses`	$3.19K	USD	1 Quarter
Other	`OtherExpenses`	$7.80K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$127.88K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$86.58K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$43.26K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$109.49K	USD	2 Qtrs
Regulatory	`RegulatoryExpenses`	$98.69K	USD	2 Qtrs
Regulatory	`RegulatoryExpenses`	$24.81K	USD	1 Quarter
Regulatory	`RegulatoryExpenses`	$86.18K	USD	2 Qtrs
Regulatory	`RegulatoryExpenses`	$24.99K	USD	1 Quarter
Rent	`OperatingLeaseExpense`	$67.61K	USD	2 Qtrs
Rent	`OperatingLeaseExpense`	$33.80K	USD	1 Quarter
Rent	`OperatingLeaseExpense`	$33.80K	USD	1 Quarter
Rent	`OperatingLeaseExpense`	$67.59K	USD	2 Qtrs
Travel	`TravelAndEntertainmentExpense`	$6.41K	USD	1 Quarter
Travel	`TravelAndEntertainmentExpense`	$11.96K	USD	1 Quarter
Travel	`TravelAndEntertainmentExpense`	$13.87K	USD	2 Qtrs
Travel	`TravelAndEntertainmentExpense`	$8.16K	USD	2 Qtrs
Wages and benefits	`LaborAndRelatedExpense`	$255.38K	USD	1 Quarter
Wages and benefits	`LaborAndRelatedExpense`	$248.77K	USD	1 Quarter
Wages and benefits	`LaborAndRelatedExpense`	$364.42K	USD	2 Qtrs
Wages and benefits	`LaborAndRelatedExpense`	$384.93K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$1.40M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.98M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$2.04M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$1.46M	USD	1 Quarter
Gain/(Loss) on foreign exchange	`ForeignCurrencyTransactionGainLossBeforeTax`	$-60.62K	USD	2 Qtrs
Gain/(Loss) on foreign exchange	`ForeignCurrencyTransactionGainLossBeforeTax`	$95.41K	USD	2 Qtrs
Gain/(Loss) on foreign exchange	`ForeignCurrencyTransactionGainLossBeforeTax`	$190.16K	USD	1 Quarter
Gain/(Loss) on foreign exchange	`ForeignCurrencyTransactionGainLossBeforeTax`	$-53.84K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$34.26K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.54K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$55.82K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$3.11K	USD	2 Qtrs
Other income	`OtherNonoperatingIncomeExpense`	$10.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$10.48K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$10.48K	USD	2 Qtrs
Other income	`OtherNonoperatingIncomeExpense`	$22.65K	USD	2 Qtrs
Total other income (expenses)	`NonoperatingIncomeExpense`	$-9.11K	USD	1 Quarter
Total other income (expenses)	`NonoperatingIncomeExpense`	$201.71K	USD	1 Quarter
Total other income (expenses)	`NonoperatingIncomeExpense`	$121.17K	USD	2 Qtrs
Total other income (expenses)	`NonoperatingIncomeExpense`	$5.68K	USD	2 Qtrs
Net loss for the period	`NetIncomeLoss`	$-1.91M	USD	2 Qtrs
Net loss for the period	`NetIncomeLoss`	$-1.47M	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-1.20M	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-1.97M	USD	2 Qtrs
Exchange difference on translating foreign operations	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$59.87K	USD	2 Qtrs
Exchange difference on translating foreign operations	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$-63.97K	USD	2 Qtrs
Exchange difference on translating foreign operations	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$-196.46K	USD	1 Quarter
Exchange difference on translating foreign operations	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$59.26K	USD	1 Quarter
Total other comprehensive income (loss) for the period	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent`	$59.87K	USD	2 Qtrs
Total other comprehensive income (loss) for the period	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent`	$-196.46K	USD	1 Quarter
Total other comprehensive income (loss) for the period	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent`	$59.26K	USD	1 Quarter
Total other comprehensive income (loss) for the period	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent`	$-63.97K	USD	2 Qtrs
Comprehensive loss for the period	`ComprehensiveIncomeNetOfTax`	$-1.41M	USD	1 Quarter
Comprehensive loss for the period	`ComprehensiveIncomeNetOfTax`	$-1.98M	USD	2 Qtrs
Comprehensive loss for the period	`ComprehensiveIncomeNetOfTax`	$-1.91M	USD	2 Qtrs
Comprehensive loss for the period	`ComprehensiveIncomeNetOfTax`	$-1.40M	USD	1 Quarter
Basic loss per share	`EarningsPerShareBasic`	$-0.01	USD	2 Qtrs
Basic loss per share	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
Basic loss per share	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
Basic loss per share	`EarningsPerShareBasic`	$-0.01	USD	2 Qtrs
Diluted loss per share	`EarningsPerShareDiluted`	$-0.01	USD	2 Qtrs
Diluted loss per share	`EarningsPerShareDiluted`	$-0.01	USD	1 Quarter
Diluted loss per share	`EarningsPerShareDiluted`	$-0.01	USD	1 Quarter
Diluted loss per share	`EarningsPerShareDiluted`	$-0.01	USD	2 Qtrs
Weighted average number of shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	195.31M	shares	1 Quarter
Weighted average number of shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	195.37M	shares	1 Quarter
Weighted average number of shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	195.13M	shares	2 Qtrs
Weighted average number of shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	195.34M	shares	2 Qtrs
Weighted average number of shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	195.34M	shares	2 Qtrs
Weighted average number of shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	195.13M	shares	2 Qtrs
Weighted average number of shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	195.37M	shares	1 Quarter
Weighted average number of shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	195.31M	shares	1 Quarter

Cash Flow Statement 34 line items

Line Item	Tag	Value	Unit	Period
Reallocation from contributed surplus from issuance of stock	`ContributedSurplusFromIssuanceOfStock`	-	USD	2 Qtrs
Reallocation from contributed surplus from issuance of stock	`ContributedSurplusFromIssuanceOfStock`	$381.24K	USD	2 Qtrs
Loss for the period	`ProfitLoss`	$-1.97M	USD	2 Qtrs
Loss for the period	`ProfitLoss`	$-1.91M	USD	2 Qtrs
Reallocation from contributed surplus from exercise of stock options	`ContributedSurplusFromExerciseOfStockOptions`	-	USD	2 Qtrs
Reallocation from contributed surplus from exercise of stock options	`ContributedSurplusFromExerciseOfStockOptions`	$162.48K	USD	2 Qtrs
Stock-based compensation-options	`StockOptionPlanExpense`	$93.34K	USD	2 Qtrs
Stock-based compensation-options	`StockOptionPlanExpense`	$63.51K	USD	2 Qtrs
Stock-based compensation-DSUs	`DeferredStockOrUnitExpense`	$257.55K	USD	2 Qtrs
Stock-based compensation-DSUs	`DeferredStockOrUnitExpense`	$313.02K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-5.97K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$28.53K	USD	2 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidExpensesOther`	$114.47K	USD	2 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidExpensesOther`	$119.87K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-123.52K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-420.88K	USD	2 Qtrs
Cash and cash equivalents used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.92M	USD	2 Qtrs
Cash and cash equivalents used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.04M	USD	2 Qtrs
Issuance of shares	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Issuance of shares	`ProceedsFromIssuanceOfCommonStock`	$290.29K	USD	2 Qtrs
Cash and cash equivalents provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$290.29K	USD	2 Qtrs
Cash and cash equivalents provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	2 Qtrs
Effect of foreign exchange on cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$59.46K	USD	2 Qtrs
Effect of foreign exchange on cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-63.71K	USD	2 Qtrs
Change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-1.86M	USD	2 Qtrs
Change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-1.82M	USD	2 Qtrs
Cash and cash equivalents, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.85M	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.99M	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.78M	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.96M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.85M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.99M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.78M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.96M	USD	Point-in-time

Stockholders Equity 33 line items

Line Item	Tag	Value	Unit	Period
Balance at beginning	`StockholdersEquity`	$61.44M	USD	Point-in-time
Balance at beginning	`StockholdersEquity`	$62.73M	USD	Point-in-time
Balance at beginning	`StockholdersEquity`	$62.46M	USD	Point-in-time
Balance at beginning	`StockholdersEquity`	$58.50M	USD	Point-in-time
Balance at beginning	`StockholdersEquity`	$60.09M	USD	Point-in-time
Balance at beginning	`StockholdersEquity`	$59.61M	USD	Point-in-time
Balance at beginning (in shares)	`CommonStockSharesIssued`	195.89M	shares	Point-in-time
Balance at beginning (in shares)	`CommonStockSharesIssued`	195.31M	shares	Point-in-time
Stock-based compensation-options	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$64.12K	USD	1 Quarter
Stock-based compensation-options	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$63.51K	USD	2 Qtrs
Stock-based compensation-options	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$43.25K	USD	1 Quarter
Stock-based compensation-options	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$93.34K	USD	2 Qtrs
Stock based compensation-DSU	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationDeferredShareUnitPlan`	$257.55K	USD	2 Qtrs
Stock based compensation-DSU	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationDeferredShareUnitPlan`	$313.02K	USD	1 Quarter
Stock based compensation-DSU	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationDeferredShareUnitPlan`	$257.55K	USD	1 Quarter
Stock based compensation-DSU	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationDeferredShareUnitPlan`	$313.02K	USD	2 Qtrs
Exchange difference on translating foreign operations	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$59.87K	USD	2 Qtrs
Exchange difference on translating foreign operations	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$-63.97K	USD	2 Qtrs
Exchange difference on translating foreign operations	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$-196.46K	USD	1 Quarter
Exchange difference on translating foreign operations	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$59.26K	USD	1 Quarter
Exercise of options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$290.29K	USD	2 Qtrs
Net loss for the period	`NetIncomeLoss`	$-1.91M	USD	2 Qtrs
Net loss for the period	`NetIncomeLoss`	$-1.47M	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-1.20M	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-1.97M	USD	2 Qtrs
Balance at end	`StockholdersEquity`	$61.44M	USD	Point-in-time
Balance at end	`StockholdersEquity`	$62.73M	USD	Point-in-time
Balance at end	`StockholdersEquity`	$62.46M	USD	Point-in-time
Balance at end	`StockholdersEquity`	$58.50M	USD	Point-in-time
Balance at end	`StockholdersEquity`	$60.09M	USD	Point-in-time
Balance at end	`StockholdersEquity`	$59.61M	USD	Point-in-time
Balance at end (in shares)	`CommonStockSharesIssued`	195.89M	shares	Point-in-time
Balance at end (in shares)	`CommonStockSharesIssued`	195.31M	shares	Point-in-time

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