INTERNATIONAL TOWER HILL MINES LTD

Raised roughly $75 million in an underwritten public offering led by BMO Capital Markets (29,280,000 shares at $2.22, plus a fully exercised 4,392,000-share over-allotment) -- by far the company's largest-ever raise, reflecting a much stronger gold price environment and growing confidence in Livengood's economics.

capital raising announcement

Raised about $3.93 million from institutional shareholders in a private placement (8,192,031 shares at $0.4801).

capital raising announcement

Raised about $2.5 million from existing major institutional holders Paulson & Co., Sprott Asset Management and Kopernik Global Investors (3,807,911 shares at $0.664).

capital raising announcement

Released an updated, more de-risked pre-feasibility study for Livengood (65,000 tons/day, 6.4 million ounces over 21 years, from a 13.6 million ounce resource): capital costs of $1.93 billion, all-in sustaining costs of $1,171/oz, and -- for the first time -- a clearly positive after-tax NPV of $400 million at $1,800/oz gold.

resource reserve update

Set up an At-The-Market equity sales facility with B. Riley Securities, giving the company an ongoing tool to sell shares into the market as needed.

material agreement

Raised $12.0 million from institutional shareholders (one existing, one new to the company) in a private placement of 24,000,000 shares at $0.50.

capital raising announcement

Raised about $22 million from institutional shareholders in a private placement (45,833,334 shares at $0.48), earmarked mainly to complete a final roughly $14.8 million payment due for Livengood-area mining claims.

capital raising announcement

Released a pre-feasibility study for a scaled-down Livengood project (52,600 tons/day over 23 years vs. the original 100,000 tons/day over 14 years), cutting capital costs 34% to $1.84 billion and all-in sustaining costs 16% to $1,263/oz -- while formally telling investors the September 2013 feasibility study was no longer current and should not be relied upon.

resource reserve update

Raised about CAD 8.4 million from existing institutional shareholders and insiders in a non-brokered private placement (18,245,000 shares at CAD 0.46) -- funding continued work after the weak 2013 feasibility study, at a much lower share price.

capital raising announcement

Released feasibility study results for the Livengood Gold Project (100,000 ton/day, 8 million ounces over 14 years, reserves of 9.6M oz proven plus 454K oz probable): even at a $1,500/oz trailing gold price the project generated only a 'minimal positive return' -- a disappointing result that undercut the investment case.

resource reserve update

the New York Stock Exchange certified INTERNATIONAL TOWER HILL MINES LTD's securities for listing, clearing them to begin trading.

listing compliance notice

the American Stock Exchange certified INTERNATIONAL TOWER HILL MINES LTD's securities for listing, clearing them to begin trading.

listing compliance notice