International Tower Hill Mines Files First Quarter 2014 Financial Results
Published : May 07, 2014
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International Tower Hill Mines Files First Quarter 2014 Financial Results

VANCOUVER, May 7, 2014 /CNW/ - International Tower Hill Mines Ltd. ("ITH" or the "Company") - (TSX: ITH) (NYSE-MKT: THM) today announced that it has filed its unaudited first quarter financial statements and associated Management's Discussion and Analysis (MD&A) and Quarterly Report on Form 10-Q for the three-month period ended March 31, 2014.

The Company's working capital as of March 31, 2014 was USD10.9 million, which is expected to allow the Company to advance the Livengood Gold Project well into 2015.

"The Project has excellent fundamentals:  a substantial gold resource, a highly favorable location and the team that led development of two major mines in the interior of Alaska," said Tom Irwin, CEO.

ITH continues to investigate a number of opportunities, including those identified in the September 4, 2013 Feasibility Study and those subsequently developed by the Company, for optimization and reduction of project costs.  Environmental baseline efforts are being advanced in support of eventual permitting and the Company is pursuing a future strategic alliance to assist in further development.

Shareholders can obtain copies of the quarterly documents on SEDAR at www.sedar.com, EDGAR at www.sec.gov and on ITH's website at www.ithmines.com.  

About International Tower Hill Mines Ltd.

International Tower Hill Mines Ltd. owns 100% of the Livengood Gold Project, located along the paved Elliott Highway, 70 miles north of Fairbanks, Alaska.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements and forward-looking information (collectively, those subsequently developed by the Company, for optimization and reduc and US securities legislation.  All statements, other than statements of historical fact, included herein, including statements with respect to the potential for the Company to identify and secure a joint venture partner for the Livengood Project, the ability of the Company to continue to maintain the necessary environmental baseline activities to maintain the integrity and usability of the five years of historical data already compiled, the ability of the Company to optimize and/or enhance the base case as set out in the Feasibility Study, the ability of the Company to provide shareholder value through securing a joint venture for the Livengood Project, the ability of the Company to advance the Livengood Project, whether incrementally or at all, the expectation that the Company has sufficient working capital to advance the Livengood Project well into 2015, the potential development of any mine at Livengood, business and financing plans and business trends are forward-looking statements.  Information concerning mineral reserve/resource estimates and the economic analysis thereof contained in the feasibility study also may be deemed to be forward-looking statements in that it reflects a prediction of the mineralization that would be encountered, and the results of mining it, if a mineral deposit were developed and mined. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct.  Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate, proposed, planned, potential and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located, variations in the market price of any mineral products the Company may produce or plan to produce, the inability of the Company to obtain any necessary permits, consents or authorizations required for its activities, the inability of the Company to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies, and other risks and uncertainties disclosed in the Company's Annual Information Form filed with certain securities commissions in Canada and the Company's annual report on Form 10-K filed with the United States Securities and Exchange Commission (the "SEC"), and other information released by the Company and filed with the appropriate regulatory agencies.  All of the Company's Canadian public disclosure filings may be accessed via www.sedar.com and its United States public disclosure filings may be accessed via www.sec.gov, and readers are urged to review these materials, including the latest technical report filed with respect to the Company's Livengood property.

This press release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States.

SOURCE International Tower Hill Mines Ltd.

For further information: Investor Relations Contact Information,Rick Solie, Investor and Community Relations Manager, 1-855-428-2825 - Toll Free Investor Line, rsolie@ithmines.com
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Intl. Tower Hill Mines

DEVELOPMENT STAGE
CODE : ITH.TO
ISIN : CA46051L1040
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Intl. Tower Hill is a gold development stage company based in Canada.

Intl. Tower Hill develops gold and silver in USA, and holds various exploration projects in USA.

Its main asset in development is LIVENGOOD in USA and its main exploration properties are BMP, PAINTED HILLS and COFFE DOME in USA.

Intl. Tower Hill is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 121.6 millions as of today (US$ 97.3 millions, € 85.2 millions).

Its stock quote reached its lowest recent point on April 29, 2005 at CA$ 0.25, and its highest recent level on February 25, 2011 at CA$ 9.99.

Intl. Tower Hill has 162 190 000 shares outstanding.

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Financings of Intl. Tower Hill Mines
9/18/2012International Tower Hill Closes Second Tranche of Non-Broker...
7/19/2012International Tower Hill Increases Non-Brokered Private Plac...
7/12/2012International Tower Hill Announces Up To $25,000,000 Non-Bro...
2/17/2011International Tower Hill Receives Share Ownership Top-Up Not...
4/7/2010 Closes Final Tranche of CAD 30,000,000 Non-Brokered Equity ...
3/16/2010CAD 30,000,000 Non-Brokered Equity Financing
8/26/2009Closes AngloGold Ashanti Top Up Private Placement
3/5/2009Closes $10,500,000 Bought Deal Equity Financing
2/17/2009Increase in Bought Deal Equity Financing
2/12/2009 Announces Bought Deal Equity Financing
Option Grants of Intl. Tower Hill Mines
8/24/2012International Tower Hill Grants Incentive Options
Nominations of Intl. Tower Hill Mines
1/30/2013International Tower Hill Announces Resignation of a Director
1/9/2012International Tower Hill Mines Names Thomas E. Irwin as New ...
4/14/2010Appointment of Timothy Haddon and Daniel Carriere as new Dir...
Financials of Intl. Tower Hill Mines
8/15/2012International Tower Hill Files 2012 Second Quarter Financial...
5/11/2012International Tower Hill Files 2012 First Quarter Financial ...
Project news of Intl. Tower Hill Mines
7/23/2013(Livengood)International Tower Hill Mines Announces Livengood Gold Proj...
11/7/2012(Livengood)International Tower Hill Provides an Update on the Livengood...
6/19/2012(Livengood)International Tower Hill Mines Announces Update on the Liven...
1/26/2012(Livengood)International Tower Hill Mines Selects Engineering Firms for...
12/14/2011(Livengood)International Tower Hill Mines Acquires Mining Claims Near L...
6/9/2011(Livengood)International Tower Hill Mines Intersects 92.9 Metres of 1.6...
5/3/2011(Livengood)International Tower Hill Mines Intersects 33.5 Metres of 8.0...
3/30/2011(Livengood)International Tower Hill Mines Intersects Additional Zones o...
3/15/2011(Livengood)International Tower Hill Mines Hires Construction Manager fo...
2/5/2011(Livengood)International Tower Hill Intersects 13.7 metres of 5.45 g/t ...
6/16/2010(Livengood)Announces Resource Update, Livengood Gold Project, Alaska
5/11/2010(Livengood)Continues to Grow New High-Grade SW Zone, Livengood Project
4/26/2010(Livengood)Expands Higher Grade SW and Sunshine Zones at Livengood Proj...
3/22/2010(Livengood)Expands Livengood Deposit with First Results of Winter Drill...
3/10/2010(Livengood)Increases Indicated Resources at Livengood Gold Project
3/8/2010(Livengood)Announces Key Positive Metallurgical Test Results for Liveng...
3/4/2010(Terra) Signs LOI to Form Production Joint Venture on Terra Project
2/4/2010(Livengood)Begins 50,000 Metre 2010 Exploration Drill Program at Liveng...
12/4/2009Coffee Dome Drilling Intersects Gold System 17Km East of For...
11/30/2009(Livengood)Positive Preliminary Economic Assessment Results
11/12/2009(Livengood) Continues to Expand Livengood Gold Project, Alaska
11/5/2009(Chisna)Reaches JV Agreement on Chisna Copper
11/2/2009(Livengood)Continues to Expand the Livengood Gold Project
9/30/2009(Livengood)Expands the Sunshine Zone at Livengood
9/9/2009(Livengood)Latest Drill Results From Livengood Gold Project, Alaska
9/2/2009(Coffe Dome)Begins Drilling at Coffee Dome Project, Alaska
8/4/2009(North Bullfrog)Signs Agreement to Acquire 100% Interest in North Bullfrog
8/5/2009(Livengood)Delineates Major New Zone of Gold Mineralization at Livengoo...
6/26/2009(Livengood)Resource Update at Livengood, Alaska
6/10/2009(Livengood)Livengood Gold Project, Alaska Summer Drilling Program Comme...
3/10/2009(Livengood)Doubles Planned 2009 Drill Program for Livengood Gold Projec...
3/2/2009(Livengood)First Two Holes of 2009 Winter Drill Program
2/9/2009(Livengood)Livengood Gold Project, Alaska Winter Drilling Program Comme...
Corporate news of Intl. Tower Hill Mines
5/6/2016International Tower reports 1Q loss
3/16/2016International Tower reports 4Q loss
10/30/2015International Tower Hill Mines Files 2015 Third Quarter Fina...
8/6/2015International Tower reports 2Q loss
8/6/2015International Tower Hill Mines Files 2015 Second Quarter Fin...
3/26/2015International Tower Hill Mines Appoints Karl Hanneman as Chi...
3/11/2015International Tower Hill Mines Files 2014 Year End Financial...
1/6/2015International Tower Hill Mines Announces Progress on Livengo...
12/18/2014International Tower Hill Mines Announces Management Change
11/24/2014International Tower Hill Mines Announces CAD 8.4 Million Non...
11/5/2014International Tower Hill Mines Files 2014 Third Quarter Fina...
8/7/2014International Tower Hill Mines Files 2014 Second Quarter Fin...
8/7/2014International Tower Hill Mines Files 2014 Second Quarter Fin...
5/7/2014International Tower Hill Mines Files First Quarter 2014 Fina...
9/9/2013(Livengood)International Tower Hill Mines Files NI 43-101 Technical Rep...
8/8/2013International Tower Hill Mines Announces Addition to the Boa...
7/31/2013International Tower Hill Mines Files 2013 Second Quarter Fin...
6/7/2013International Tower Hill Mines Announces Results from Annual...
5/9/2013International Tower Hill Mines Files 2013 First Quarter Fina...
4/24/2013International Tower Hill Mines Comments on Recent Gold Marke...
3/13/2013International Tower Hill Mines Announces Corporate Update an...
12/11/2012(Livengood)International Tower Hill Announces Positive Metallurgical Te...
8/21/2012International Tower Hill Reports New High-Grade Gold Interce...
8/2/2012International Tower Hill Mines Announces New Manager of Inve...
6/29/2012International Tower Hill Mines Announces Interim Chief Execu...
4/4/2012International Tower Hill Recognizes Alaska Progress Made Tow...
3/21/2012International Tower Hill Mines Files Audited Annual Financia...
3/6/2012(Livengood)International Tower Hill Mines Validates Resource Estimate a...
2/27/2012International Tower Hill Mines Reports Historical Resource o...
1/16/2012International Tower Hill Mines Changes Fiscal Year End
1/4/2012International Tower Hill Mines Grants Options
12/20/2011International Tower Hill Mines Appoints Robert D. Comer as I...
8/29/2011International Tower Hill Mines Files 2011 Audited Annual Fin...
8/23/2011International Tower Hill Announces Surface Mine Measured & I...
8/16/2011International Tower Hill Mines Appoints Harold Galbriath as ...
7/28/2011International Tower Hill Mines Grants Stock Options
5/10/2011International Tower Hill Mines Appoints James Komadina as Ne...
5/6/2010 Signs Key Exploration Agreement with Ahtna
2/11/2010Receives Share Ownership Top-up Notice from AngloGold Ashant...
1/12/2010Hires Chief Operating Officer
11/26/2009to Begin Trading on Toronto Stock Exchange
11/18/2009Receives Conditional Toronto Stock Exchange Listing Approval
10/13/2009Expands Livengood Gold Resource by 64%
7/10/2009Receives Share Ownership Top-up Notice from AngloGold Ashant...
7/3/2009Retains Renmark Financial Communications Inc.
5/20/2009Receives Proceeds of $23,114,288 from Warrant/Broker Option ...
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