International Tower Hill (1I1.F) Q1 2025 Earnings Report

International Tower Hill Mines Ltd (1I1.F) reported a QQ1 2025 period characterized by continued pre‑production dynamics, with no disclosed revenue and a negative bottom line driven by operating costs rather than finance charges. EBITDA and net income stood at approximately -$0.67 million, while operating income was -$0.66 million. Despite lack of revenue, the company entered the period with a robust liquidity position, largely a function of financing activities that underpin the balance sheet rather than operating performance. Net cash provided by financing activities totaled roughly $3.91 million, resulting in a net cash increase of about $3.27 million for the quarter and an ending cash balance of $4.26 million.

From a balance-sheet perspective, assets totaled ~$59.81 million, with current assets of ~$4.43 million and cash of ~$4.26 million. The majority of non‑current assets (~$55.38 million) are classified as other non‑current assets, suggesting a substantial enterprise value linked to the Livengood project and related long‑term assets rather than current operating assets. The company carries no long‑term debt, and overall liabilities are modest (~$0.24 million), yielding a net cash position of approximately -$4.26 million on a debt basis. The equity base is sizable (~$59.57 million), with 202.6 million weighted average shares outstanding, resulting in an EPS of -$0.0033 for QQ1 2025.

Overall, the QQ1 2025 results reflect a development-stage mining company prioritizing project advancement and financing endurance over near-term profitability. Investors should evaluate the Livengood project milestones, capital-raising trajectory, and the sensitivity of the equity story to gold prices and permit timelines, recognizing that value creation hinges on advancing a material, long‑term resource base rather than current quarterly earnings.