THM
Basic MaterialsInternational Tower Hill Mines Ltd. · Gold · $490M
What is International Tower Hill Mines Ltd.?
International Tower Hill Mines is a mineral exploration company focused on advancing a large-scale gold project in Alaska. The company has spent decades defining one of North America's most significant undeveloped gold deposits.
Tower Hill Mines acquires, explores, and develops mineral properties, with its entire focus on the Livengood gold project located northwest of Fairbanks, Alaska. Covering roughly nineteen thousand hectares, Livengood is a large, low-grade gold deposit at the pre-production stage. The company does not yet generate revenue from mining operations — its value is tied entirely to advancing Livengood toward a potential development decision, which depends on gold prices, permitting, and capital availability.
Incorporated in 1978 and headquartered in Vancouver, Canada, the company adopted its current name in March 1991.
- Livengood gold project — large-scale Alaskan gold deposit
- Mineral property acquisition and exploration rights
- Pre-feasibility and development-stage project advancement
- Resource definition through ongoing geological work
Is THM a Good Stock to Buy?
UQS Score rates THM as Poor overall, reflecting the early-stage nature of its single-asset exploration business.
Among the five pillars, Risk stands out as the one relative bright spot — the company carries a manageable balance sheet for an exploration-stage issuer, which limits near-term financial distress risk compared to more leveraged peers.
Quality, Moat, and Growth all register as Weak, consistent with a pre-revenue company that has no operating cash flow, no durable competitive advantage, and no near-term production catalyst. Valuation is rated Elevated, suggesting the market may already be pricing in optimistic assumptions about Livengood.
See the exact pillar breakdown and full financial metrics by signing up for a UQS Pro account. Sign up free →
Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does THM pay dividends?
No — International Tower Hill Mines Ltd. does not currently pay a dividend.
THM does not pay a dividend, which is typical for exploration-stage mining companies. All available capital is directed toward advancing the Livengood project through geological studies, permitting, and feasibility work. Income-focused investors should be aware that no dividend is expected until the company reaches production — a milestone that remains distant.
When does THM report earnings?
International Tower Hill Mines reports financial results on a quarterly cadence, standard for TSX- and NYSE American-listed companies.
As a pre-revenue exploration company, quarterly reports reflect exploration expenditures and administrative costs rather than operating income. Progress is better measured through project milestones — permitting updates, resource estimate revisions, and feasibility study advancements — than traditional earnings metrics.
For the most recent quarter's results and project updates, visit International Tower Hill Mines' investor relations page directly.
THM Price History
+119.1% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in International Tower Hill Mines Ltd.?
Based on International Tower Hill Mines Ltd.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
THM Long-term Outlook
The fundamental outlook for THM is closely tied to gold market conditions and the long road to a development decision at Livengood. With Growth rated Weak and Quality rated Weak, the near-term trajectory depends heavily on external factors — gold prices, permitting timelines, and the company's ability to secure project financing — rather than internal operational momentum. The Elevated Valuation rating adds a layer of caution for investors considering entry at current levels.
Growth drivers
- Rising gold prices improving Livengood's economic feasibility
- Permitting progress unlocking development optionality
- Potential strategic partnerships or joint-venture interest from major miners
Key risks
- Pre-revenue status means sustained cash burn with no operating income
- Elevated valuation leaves little margin of safety if gold prices weaken
- Single-asset concentration — all value depends on one undeveloped project
THM vs Peers
THM operates in a competitive space alongside other junior and mid-tier gold-focused development companies.
Osisko Development holds a portfolio of gold projects across North America and is further along the development curve than THM's single Alaskan asset.
Caledonia Mining is a producing gold miner with operating mines in Africa, giving it revenue and cash flow that THM currently lacks.
TRX Gold operates producing assets in Tanzania, distinguishing it from THM's entirely pre-production profile.
Frequently Asked Questions
What does International Tower Hill Mines do?
International Tower Hill Mines is a mineral exploration company whose sole focus is the Livengood gold project in Alaska. The company is in the pre-production stage — it explores and develops the property but does not yet mine or sell gold. Its business model is centered on advancing Livengood toward a potential development and production decision.
Does THM pay dividends?
THM does not currently pay a dividend. As an exploration-stage company with no operating revenue, available funds are directed toward project development rather than shareholder distributions. A dividend is unlikely until the company reaches sustained gold production, which remains a long-term prospect.
When does THM report earnings?
International Tower Hill Mines reports on a quarterly cadence. Because the company has no mining revenue, reports focus on exploration spending and cash position rather than traditional earnings. Check the company's investor relations page for the most current reporting schedule and results.
Is THM a good stock to buy?
UQS Score rates THM as Poor overall. The rating reflects weak Quality, Moat, and Growth scores alongside an Elevated Valuation. Risk is the one relatively stronger pillar. Investors should weigh the speculative nature of a single-asset, pre-revenue gold explorer against their own risk tolerance. The full pillar breakdown is available to UQS Pro members.
Is THM overvalued?
UQS rates THM's Valuation as Elevated. For a pre-revenue exploration company, the current market pricing appears to embed optimistic assumptions about Livengood's development path. Investors considering THM should factor in the significant capital and time required before any production scenario could justify that valuation.
How does THM compare to its competitors?
Compared to peers like Caledonia Mining and TRX Gold — both of which have producing assets — THM is at an earlier stage with no operating revenue. Osisko Development is also further along its development timeline. THM's competitive position rests entirely on the scale of the Livengood resource and the potential for a future development decision.
What is THM's market cap bracket?
THM is classified as a small-cap stock. This is typical for exploration-stage mining companies whose valuations reflect project optionality rather than current earnings or cash flow. Small-cap miners like THM tend to carry higher volatility and liquidity risk than large-cap producers.
Who founded International Tower Hill Mines?
The company was incorporated in 1978 and operated under the name Tower Hill Mines Ltd. before changing to its current name in March 1991. Detailed founding history and leadership background are publicly available through the company's corporate filings and investor relations materials.
Is THM a long-term quality investment?
From a long-term quality perspective, THM's UQS profile raises meaningful concerns. Weak scores across Quality, Moat, and Growth indicate the company lacks the financial durability and competitive positioning typically associated with long-term compounders. The single-asset, pre-revenue structure means long-term outcomes depend heavily on factors outside management's control.
What is the main competitive advantage of International Tower Hill Mines?
THM's primary asset is the sheer scale of the Livengood gold deposit — one of the larger undeveloped gold resources in North America. However, UQS rates Moat as Weak, reflecting that scale alone does not translate into a durable business advantage without a clear path to low-cost production and project financing.
What sector does THM belong to?
THM operates in the Basic Materials sector, specifically within gold exploration and development. This sector is heavily influenced by commodity price cycles, making THM's prospects closely tied to the direction of gold prices and broader macroeconomic conditions affecting precious metals demand.
Is THM a growth stock or value stock?
Based on UQS pillar labels, THM fits neither category cleanly. Growth is rated Weak — there is no revenue to grow — and Valuation is rated Elevated, ruling out a traditional value framing. THM is best described as a speculative exploration play whose returns depend on project development milestones rather than earnings growth.
Unlock Full THM Analysis
Sign in to unlock the detailed analysis behind the UQS Score.
- ✓View the exact UQS pillar scores for THM
- ✓Access full financial metrics and trend data
- ✓Compare THM against sector peers side by side
- ✓See the complete Quality and Risk breakdown
- ✓Get alerts when THM's UQS Score changes
- ✓Explore the full analyst view available to Pro members
Pro Analysis
THM — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 12, 2026 | 8.8 | 0.0 | 7.0 | 0.0 | 47.1 | 0.0 | -4.0 |
| Apr 2, 2026 | 12.8 | 0.0 | 7.0 | 0.0 | 73.6 | 0.0 | — |
THM — Pillar Breakdown
Quality
— 0.0/100 (25%)International Tower Hill Mines Ltd. currently shows below-average quality metrics, suggesting challenges with profitability.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Free cash flow relative to market value.
Growth
— 0.0/100 (20%)International Tower Hill Mines Ltd. faces growth headwinds with declining or stagnant revenue trends.
Revenue trajectory over the last twelve months.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Risk
— 47.1/100 (15%)International Tower Hill Mines Ltd. has some risk factors including moderate leverage or solvency concerns.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 0.0/100 (15%)International Tower Hill Mines Ltd. appears expensively valued relative to its fundamentals and growth prospects.
Moat
— 7/100 (25%)International Tower Hill Mines Ltd. operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for THM.
Score Composition
Financial Data
More Stock Analysis
How is the THM UQS Score Calculated?
The UQS (Unified Quality Score) for International Tower Hill Mines Ltd. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses International Tower Hill Mines Ltd.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether International Tower Hill Mines Ltd. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.