International Tower Hill Mines Ltd. Ordinary Shares (Canada) (THM)

FairStock Score: 10/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look at International Tower Hill Mines and see a pre-revenue development-stage miner. It holds the Livengood Gold Project in Alaska and has only 3 employees, so its value rests entirely on a future mine. The filed figures show no revenue. In fiscal Q2 2026, the quarter ended 2026-06-30, net income was -$3.4 million, or -$0.01 per diluted share. In fiscal Q1 2026, the quarter ended 2026-03-31, net income was $2.3 million, or $0.01 per diluted share, but one positive quarter does not make a business. Fiscal Q3 2025, ended 2025-09-30, lost $732,303, and FY2025, ended 2025-12-31, lost $4.6 million, or -$0.02 per share. FY2024 and FY2023 also lost money, -$3.6 million and -$3.4 million, each -$0.02 per share. The Lynch category is none because losses occurred in each of the last four years. At the close on 2026-10-13, the price was $2.25 and market cap $588.7 million. FairStock calculations show P/B of 3.57, TTM FCF of -$1.7 million, FCF yield of -0.3%, ROE of -2.82%, ROCE of -5.45%, Piotroski F-Score of 1/9, FairStock Score 10/100, and Altman Z-Score 143.19. The high Altman figure does not create an earnings moat; there is no production, revenue, or evident competitive advantage. The company still consumes cash. Graham wanted facts and a margin of safety, not a story. Here the facts are persistent losses and a price that already capitalizes hope. I would need proof of permitting, financing, and project economics before calling this a bargain.

In plain English: International Tower Hill Mines is a development-stage gold company with a project in Alaska. It has no revenue and has lost money in each of the last four years, so the business is not making cash yet. At $2.25 a share and a $588.7 million market value, the price looks expensive compared with those losses, because buyers are paying for a mine that may or may not be built.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer