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ITH - Intl. Tower Hill Mines - WKN A1C4CG
- Ersteller Ollinho
- Erstellt am
- Tagged users Kein(e)
http://www.pennenergy.com/articles/pennenergy/2014/05/alaska-governor-signs-bill-to-advance-natural-gas-pipeline.html?cmpid=EnlDailyPetroMay122014
Alaska Governor signs bill to advance natural gas pipeline
May 9, 2014
By PennEnergy Editorial Staff
Source: State of Alaska Office of the Governor
Alaska Governor signs bill to advance natural gas pipelineJoined by hundreds of Alaskans, including pipefitters, skilled workers, apprentices, welders, and legislators, Governor Sean Parnell today moved Alaska one step closer to a gasline by signing Senate Bill 138. Introduced by the governor, SB 138 advances a large-diameter Alaska natural gas pipeline project and empowers Alaska to become an owner in the Alaska LNG Project, and get North Slope gas to Alaskans first using local hire.
“Today, we take a significant step toward getting Alaska’s gas to Alaskans,” Governor Parnell said. “Alaskans’ dream of a natural gas pipeline is now closer to becoming reality. For the first time, we have alignment among the necessary parties, authorization from the Legislature, and the beginning of engineering and design work on a project that will create thousands of Alaska jobs, and fuel Alaska homes and businesses for decades to come.”
Alaska Governor signs bill to advance natural gas pipeline
May 9, 2014
By PennEnergy Editorial Staff
Source: State of Alaska Office of the Governor
Alaska Governor signs bill to advance natural gas pipelineJoined by hundreds of Alaskans, including pipefitters, skilled workers, apprentices, welders, and legislators, Governor Sean Parnell today moved Alaska one step closer to a gasline by signing Senate Bill 138. Introduced by the governor, SB 138 advances a large-diameter Alaska natural gas pipeline project and empowers Alaska to become an owner in the Alaska LNG Project, and get North Slope gas to Alaskans first using local hire.
“Today, we take a significant step toward getting Alaska’s gas to Alaskans,” Governor Parnell said. “Alaskans’ dream of a natural gas pipeline is now closer to becoming reality. For the first time, we have alignment among the necessary parties, authorization from the Legislature, and the beginning of engineering and design work on a project that will create thousands of Alaska jobs, and fuel Alaska homes and businesses for decades to come.”
International Tower Hill Mines Ltd. (ITH) has the following new filing(s) recently:
TOCQUEVILLE ASSET MANAGEMENT, L.P.
SEDI Insider Relationship:
3 - 10% Security Holder of Issuer
Acquired 1,095,095 Common Shares (Indirect Ownership: Tocq Gold Partners LP, Tocq Gold Offshore Fund Ltd., Tocq Gold Private Equity Master Fund, Ltd. & Managed Accounts) between the prices of $0.370 and $0.680 through the public market between September 19th, 2013 and February 28th, 2014 (Holdings Change* of 6.0%)
Read more at http://www.stockhouse.com/companies/bullboard/t.ith/international-tower-hill-mines-ltd#oPvzeg3PYHjHSVAc.99
TOCQUEVILLE ASSET MANAGEMENT, L.P.
SEDI Insider Relationship:
3 - 10% Security Holder of Issuer
Acquired 1,095,095 Common Shares (Indirect Ownership: Tocq Gold Partners LP, Tocq Gold Offshore Fund Ltd., Tocq Gold Private Equity Master Fund, Ltd. & Managed Accounts) between the prices of $0.370 and $0.680 through the public market between September 19th, 2013 and February 28th, 2014 (Holdings Change* of 6.0%)
Read more at http://www.stockhouse.com/companies/bullboard/t.ith/international-tower-hill-mines-ltd#oPvzeg3PYHjHSVAc.99
International Tower Hill Mines Ltd. (ITH) has the following new filing(s) recently:
TOCQUEVILLE ASSET MANAGEMENT, L.P.
SEDI Insider Relationship:
3 - 10% Security Holder of Issuer
Acquired 1,095,095 Common Shares (Indirect Ownership: Tocq Gold Partners LP, Tocq Gold Offshore Fund Ltd., Tocq Gold Private Equity Master Fund, Ltd. & Managed Accounts) between the prices of $0.370 and $0.680 through the public market between September 19th, 2013 and February 28th, 2014 (Holdings Change* of 6.0%)
Read more at http://www.stockhouse.com/companies/bullboard/t.ith/international-tower-hill-mines-ltd#oPvzeg3PYHjHSVAc.99
http://www.stockhouse.com/companies/bullboard/t.ith/international-tower-hill-mines-ltd?postid=22608546
TOCQUEVILLE ASSET MANAGEMENT, L.P.
SEDI Insider Relationship:
3 - 10% Security Holder of Issuer
Acquired 1,095,095 Common Shares (Indirect Ownership: Tocq Gold Partners LP, Tocq Gold Offshore Fund Ltd., Tocq Gold Private Equity Master Fund, Ltd. & Managed Accounts) between the prices of $0.370 and $0.680 through the public market between September 19th, 2013 and February 28th, 2014 (Holdings Change* of 6.0%)
Read more at http://www.stockhouse.com/companies/bullboard/t.ith/international-tower-hill-mines-ltd#oPvzeg3PYHjHSVAc.99
http://www.stockhouse.com/companies/bullboard/t.ith/international-tower-hill-mines-ltd?postid=22608546
Int'l Tower investor Tocqueville holds 13.59% of shares
International Tower Hill Mines Ltd (C:ITH)
Shares Issued 98,068,638
Last Close 7/22/2014 $0.73
Wednesday July 23 2014 - News Release
Ms. Helen Balk reports
THE TOCQUEVILLE GOLD FUND ANNOUNCES ACQUISITION OF COMMON SHARES OF INTERNATIONAL TOWER HILL MINES LTD.
The Tocqueville Gold Fund, on Nov. 1, 2011, acquired beneficial ownership of 2,745,700 common shares of International Tower Hill Mines Ltd. on the open market through the facilities of the Toronto Stock Exchange at a price of $5.05 per common share. This acquisition represented 3.17% of the issued and outstanding Common Shares as at November 1, 2011. Immediately after the completion of the transaction on November 1, 2011, the Fund beneficially owned 10,905,503 Common Shares, representing 12.58% of the issued and outstanding Common Shares as at November 1, 2011.
The Fund is a non-diversified open-end management investment company registered under the United States Investment Company Act of 1940, as amended. The Fund is a series of The Tocqueville Trust which is organized as a Massachusetts business trust. Tocqueville Asset Management, L.P. (the "Investment Advisor") acts as the investment advisor of the Fund and has authority to exercise control or direction over the Common Shares that are beneficially owned by the Fund.
The Investment Advisor, on behalf of the Fund, made several acquisitions and dispositions of Common Shares on the open market through the facilities of the Toronto Stock Exchange after the completion of the transaction on November 1, 2011 which gave rise to the reporting obligation. After giving effect to all acquisitions and dispositions of Common Shares up to July 22, 2014, the Fund now beneficially owns 13,328,580 Common Shares, representing 13.59% of the issued and outstanding Common Shares as at July 22, 2014.
The Common Shares beneficially acquired by the Fund are held for investment purposes. These investments will be reviewed on a continuing basis by the Investment Advisor and such holdings may be increased or decreased in the future. The Investment Advisor, on behalf of the Fund, may in the future acquire or dispose of the Common Shares through the open market, privately or otherwise, as circumstances or market conditions warrant.
The Fund has filed an early warning report pursuant to National Instrument 62-103 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues describing the above transactions with applicable securities regulatory authorities, a copy of which shall be sent promptly to anyone who requests it from the representative of the Investment Advisor noted below. However, the Fund did not issue a press release or file an early warning report as required by applicable Canadian securities legislation in respect of the acquisition of the 2,745,700 Common Shares on November 1, 2011. The Fund has reported this to applicable securities regulatory authorities.
© 2014 Canjex Publishing Ltd.
Read more at http://www.stockhouse.com/companies/bullboard/t.ith/international-tower-hill-mines-ltd#Y7MB2rDyMYHc0WSG.99
International Tower Hill Mines Ltd (C:ITH)
Shares Issued 98,068,638
Last Close 7/22/2014 $0.73
Wednesday July 23 2014 - News Release
Ms. Helen Balk reports
THE TOCQUEVILLE GOLD FUND ANNOUNCES ACQUISITION OF COMMON SHARES OF INTERNATIONAL TOWER HILL MINES LTD.
The Tocqueville Gold Fund, on Nov. 1, 2011, acquired beneficial ownership of 2,745,700 common shares of International Tower Hill Mines Ltd. on the open market through the facilities of the Toronto Stock Exchange at a price of $5.05 per common share. This acquisition represented 3.17% of the issued and outstanding Common Shares as at November 1, 2011. Immediately after the completion of the transaction on November 1, 2011, the Fund beneficially owned 10,905,503 Common Shares, representing 12.58% of the issued and outstanding Common Shares as at November 1, 2011.
The Fund is a non-diversified open-end management investment company registered under the United States Investment Company Act of 1940, as amended. The Fund is a series of The Tocqueville Trust which is organized as a Massachusetts business trust. Tocqueville Asset Management, L.P. (the "Investment Advisor") acts as the investment advisor of the Fund and has authority to exercise control or direction over the Common Shares that are beneficially owned by the Fund.
The Investment Advisor, on behalf of the Fund, made several acquisitions and dispositions of Common Shares on the open market through the facilities of the Toronto Stock Exchange after the completion of the transaction on November 1, 2011 which gave rise to the reporting obligation. After giving effect to all acquisitions and dispositions of Common Shares up to July 22, 2014, the Fund now beneficially owns 13,328,580 Common Shares, representing 13.59% of the issued and outstanding Common Shares as at July 22, 2014.
The Common Shares beneficially acquired by the Fund are held for investment purposes. These investments will be reviewed on a continuing basis by the Investment Advisor and such holdings may be increased or decreased in the future. The Investment Advisor, on behalf of the Fund, may in the future acquire or dispose of the Common Shares through the open market, privately or otherwise, as circumstances or market conditions warrant.
The Fund has filed an early warning report pursuant to National Instrument 62-103 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues describing the above transactions with applicable securities regulatory authorities, a copy of which shall be sent promptly to anyone who requests it from the representative of the Investment Advisor noted below. However, the Fund did not issue a press release or file an early warning report as required by applicable Canadian securities legislation in respect of the acquisition of the 2,745,700 Common Shares on November 1, 2011. The Fund has reported this to applicable securities regulatory authorities.
© 2014 Canjex Publishing Ltd.
Read more at http://www.stockhouse.com/companies/bullboard/t.ith/international-tower-hill-mines-ltd#Y7MB2rDyMYHc0WSG.99
January 6, 2015 - 8:00 AM EST
http://www.baystreet.ca/articles/news-article.aspx
International Tower Hill Mines Announces Progress on Livengood Gold Project Optimization and Establishes Work Plans for 2015
VANCOUVER, Jan. 6, 2015 /CNW/ - International Tower Hill Mines Ltd. ("ITH" or the "Company") - (TSX: ITH) (NYSE-MKT: THM) today announces the progress made to date toward optimization of the Livengood Gold Project (Project), an outstanding project in a favorable jurisdiction that remains highly leveraged to the price of gold. The 2014 work has developed an improved production schedule, as compared to the feasibility study that was summarized in the September 4, 2013 NI-43-101 report (September 2013 Study), and generated detailed work plans for 2015. The work plans will include additional metallurgical tests and engineering and focus on all aspects of the Project, including confirmation of the flow sheet and optimizing the operating costs. Once defined, these operating costs (OPEX) will then be used to evaluate and optimize the project configuration and capital costs (CAPEX), including determination of the optimum scale for the Project.
Tom Irwin, CEO, said "We have more work to do, but I am pleased with the progress we made this year and believe 2015's work plans and optimization efforts will allow us to bring the best project forward to prepare for permitting."
http://www.baystreet.ca/articles/news-article.aspx
International Tower Hill Mines Announces Progress on Livengood Gold Project Optimization and Establishes Work Plans for 2015
VANCOUVER, Jan. 6, 2015 /CNW/ - International Tower Hill Mines Ltd. ("ITH" or the "Company") - (TSX: ITH) (NYSE-MKT: THM) today announces the progress made to date toward optimization of the Livengood Gold Project (Project), an outstanding project in a favorable jurisdiction that remains highly leveraged to the price of gold. The 2014 work has developed an improved production schedule, as compared to the feasibility study that was summarized in the September 4, 2013 NI-43-101 report (September 2013 Study), and generated detailed work plans for 2015. The work plans will include additional metallurgical tests and engineering and focus on all aspects of the Project, including confirmation of the flow sheet and optimizing the operating costs. Once defined, these operating costs (OPEX) will then be used to evaluate and optimize the project configuration and capital costs (CAPEX), including determination of the optimum scale for the Project.
Tom Irwin, CEO, said "We have more work to do, but I am pleased with the progress we made this year and believe 2015's work plans and optimization efforts will allow us to bring the best project forward to prepare for permitting."
[url=http://peketec.de/trading/viewtopic.php?p=1559770#1559770 schrieb:
H: International Tower Hill Mines Ltd THM and its Livengood project. The company has had a major run of late, and it just raised CA$8.4M in a non-brokered private placement. It has huge volatility on the upside if gold moves higher, just as it demonstrated huge volatility when gold fell from $1,900/oz to $1,150/oz. Investors who understand its large reserve and resource base should use Tower Hill as a call option on the price of gold. That's why institutions such as Paulson and Tocqueville are supporters. Its CEO is Tom Irwin, the mine engineer who ran Kinross Gold Corporation KGC's Fort Knox mine, 45 miles from Livengood.
TMR: The initial capital expenditure (capex) for Livengood Project was $2.8B. How much must this be reduced for Livengood to become economic?
JH: Its last feasibility study was based on $1,500/oz gold. If you believe gold will top $1,900/oz in the next 18 months, then Tower Hill would provide a huge amount of leverage.
International Tower Hill Mines appoints Hanneman as COO
2015-03-26 12:33 ET - News Release
Mr. Thomas Irwin reports
INTERNATIONAL TOWER HILL MINES APPOINTS KARL HANNEMAN AS CHIEF OPERATING OFFICER
International Tower Hill Mines Ltd. has appointed Karl L. Hanneman as its chief operating officer, effective immediately. Mr. Hanneman most recently has been serving as general manager for the company and will now join the executive management team. Mr. Hanneman has been with the company since May, 2010, during which time he was responsible for assembling the Alaska team and served as the Livengood gold project manager.
Tom Irwin, chief executive officer, said: "Karl brings a tremendous amount of management skills to this position, including his Alaskan experience and project engineering and permitting. I look forward to working with Karl in his new position as we continue to advance the Livengood gold project."
Mr. Hanneman has more than 30 years of Alaska-based mining industry experience, including a key role on the team that worked to successfully resolve the permitting issues at the Red Dog mine from 2008 to 2010. Prior to that, Mr. Hanneman was the Alaska regional manager during the initial development and permitting by Teck/Sumitomo of the Pogo gold mine.
Mr. Hanneman has led or participated in a number of industry-sponsored and State-of-Alaska-sponsored organizations, including Alaska Minerals Commission, Council of Alaska Producers, Resource Development Council and the Alaska Miners Association. Mr. Hanneman serves as a director of Usibelli Coal Mine Inc., a private company with an operating coal mine in Alaska, and Northrim BanCorp Inc., a public bank holding company engaged in commercial banking in Alaska.
Mr. Hanneman holds a BSc (honours) in mining engineering from the University of Alaska.
http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aITH-2262394&symbol=ITH®ion=C
2015-03-26 12:33 ET - News Release
Mr. Thomas Irwin reports
INTERNATIONAL TOWER HILL MINES APPOINTS KARL HANNEMAN AS CHIEF OPERATING OFFICER
International Tower Hill Mines Ltd. has appointed Karl L. Hanneman as its chief operating officer, effective immediately. Mr. Hanneman most recently has been serving as general manager for the company and will now join the executive management team. Mr. Hanneman has been with the company since May, 2010, during which time he was responsible for assembling the Alaska team and served as the Livengood gold project manager.
Tom Irwin, chief executive officer, said: "Karl brings a tremendous amount of management skills to this position, including his Alaskan experience and project engineering and permitting. I look forward to working with Karl in his new position as we continue to advance the Livengood gold project."
Mr. Hanneman has more than 30 years of Alaska-based mining industry experience, including a key role on the team that worked to successfully resolve the permitting issues at the Red Dog mine from 2008 to 2010. Prior to that, Mr. Hanneman was the Alaska regional manager during the initial development and permitting by Teck/Sumitomo of the Pogo gold mine.
Mr. Hanneman has led or participated in a number of industry-sponsored and State-of-Alaska-sponsored organizations, including Alaska Minerals Commission, Council of Alaska Producers, Resource Development Council and the Alaska Miners Association. Mr. Hanneman serves as a director of Usibelli Coal Mine Inc., a private company with an operating coal mine in Alaska, and Northrim BanCorp Inc., a public bank holding company engaged in commercial banking in Alaska.
Mr. Hanneman holds a BSc (honours) in mining engineering from the University of Alaska.
http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aITH-2262394&symbol=ITH®ion=C
Int'l Tower Hill Mines releases PFS for Livengood
2016-09-08 16:19 ET - News Release
Mr. Thomas Irwin reports
INTERNATIONAL TOWER HILL MINES ANNOUNCES OPTIMIZATION STUDY RESULTS SHOWING IMPROVED LIVENGOOD GOLD PROJECT; PRE-FEASIBILITY STUDY COMPLETED FOR OPTIMIZED PROJECT CONFIGURATION
International Tower Hill Mines Ltd. has released the results of a prefeasibility study (PFS) on an optimized configuration for its Livengood gold project located near Fairbanks, Alaska. The engineering optimization studies incorporated in the PFS evaluated several scenarios, ultimately selecting a project that will process 52,600 tons per day and produce 6.8 million ounces of gold over 23 years. This improved configuration has reduced the capital costs by 34 per cent, or $950-million (U.S.), to $1.84-billion (U.S.), the process operating cost by 28 per cent, or $2.97 (U.S.) per ton, to $7.48 (U.S.) per ton and the all-in sustaining costs by 16 per cent, or $242 (U.S.), to $1,263 (U.S.) per ounce, all as compared with the 100,000-ton-per-day project evaluated in the September, 2013, feasibility study (FS). All dollar figures in this news release are stated in U.S. dollars.
"We are pleased that our optimization study has resulted in lower capex and opex costs projected over a 23-year mine life. Livengood's fundamentals are compelling, with a substantial gold resource, favorable jurisdiction, proximity to infrastructure and great leverage to the gold price. We are committed to advancing our basic engineering and metallurgical work to further derisk the project and prepare for future permitting," said Tom Irwin, chief executive officer.
........
http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aITH-2405680&symbol=ITH®ion=C
2016-09-08 16:19 ET - News Release
Mr. Thomas Irwin reports
INTERNATIONAL TOWER HILL MINES ANNOUNCES OPTIMIZATION STUDY RESULTS SHOWING IMPROVED LIVENGOOD GOLD PROJECT; PRE-FEASIBILITY STUDY COMPLETED FOR OPTIMIZED PROJECT CONFIGURATION
International Tower Hill Mines Ltd. has released the results of a prefeasibility study (PFS) on an optimized configuration for its Livengood gold project located near Fairbanks, Alaska. The engineering optimization studies incorporated in the PFS evaluated several scenarios, ultimately selecting a project that will process 52,600 tons per day and produce 6.8 million ounces of gold over 23 years. This improved configuration has reduced the capital costs by 34 per cent, or $950-million (U.S.), to $1.84-billion (U.S.), the process operating cost by 28 per cent, or $2.97 (U.S.) per ton, to $7.48 (U.S.) per ton and the all-in sustaining costs by 16 per cent, or $242 (U.S.), to $1,263 (U.S.) per ounce, all as compared with the 100,000-ton-per-day project evaluated in the September, 2013, feasibility study (FS). All dollar figures in this news release are stated in U.S. dollars.
"We are pleased that our optimization study has resulted in lower capex and opex costs projected over a 23-year mine life. Livengood's fundamentals are compelling, with a substantial gold resource, favorable jurisdiction, proximity to infrastructure and great leverage to the gold price. We are committed to advancing our basic engineering and metallurgical work to further derisk the project and prepare for future permitting," said Tom Irwin, chief executive officer.
........
http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aITH-2405680&symbol=ITH®ion=C
International Tower Hill Mines: $2.9 Billion Cost Reduction In New Mine Plan
http://seekingalpha.com/article/4014989-international-tower-hill-mines-2_9-billion-cost-reduction-new-mine-plan
THM just released its new NI 43-101 Technical Report on the Livengood Gold Project on October 24.
The new report reduces initial capital costs of processing facilities from over $1.1 billion to only $446 million, and projects an almost $1 billion reduction in total capital costs.
The optimization of the plan for processing the ore has reduced the operating costs for processing by $2 billion over the life of the mine.
The almost $1 billion in capital cost reductions and almost $2 billion in operating cost reductions add up to $2.9 billion in total cost reductions for the project.
The new plan projects higher NPV and IRR at $1625/ounce gold than the old plan projected for $1700/ounce gold.
http://seekingalpha.com/article/4014989-international-tower-hill-mines-2_9-billion-cost-reduction-new-mine-plan
THM just released its new NI 43-101 Technical Report on the Livengood Gold Project on October 24.
The new report reduces initial capital costs of processing facilities from over $1.1 billion to only $446 million, and projects an almost $1 billion reduction in total capital costs.
The optimization of the plan for processing the ore has reduced the operating costs for processing by $2 billion over the life of the mine.
The almost $1 billion in capital cost reductions and almost $2 billion in operating cost reductions add up to $2.9 billion in total cost reductions for the project.
The new plan projects higher NPV and IRR at $1625/ounce gold than the old plan projected for $1700/ounce gold.
http://www.stockhouse.com/news/press-releases/2016/12/28/international-tower-hill-mines-closes-us-22-million-non-brokered-private
T.ITH | December 28, 2016
Canada NewsWire
VANCOUVER, Dec. 28, 2016
VANCOUVER, Dec. 28, 2016 /CNW/ - International Tower Hill Mines Ltd. (TSX: ITH, NYSE-MKT: THM) ("ITH" or the "Company") is pleased to announce that it has closed the previously announced non-brokered private placement financing (the "Offering") of 45,833,334 common shares at a price of US$0.48 per share for gross proceeds of US$22.0 million.
"It is significant to have such high quality support from Paulson & Co. Inc. as they increase their interest in the Company and to have Tocqueville Asset Management, L. P. and AngloGold Ashanti (U.S.A.) Exploration Inc. participate in this private placement to maintain their pro-rata share. With this support, the improved results of the Pre-Feasibility Study released on October 24, 2016 and the key project fundamentals of a large resource base, stable jurisdiction, and leverage to gold price, we look forward to continuing to advance the Livengood Gold Project," said Tom Irwin, CEO.
T.ITH | December 28, 2016
Canada NewsWire
VANCOUVER, Dec. 28, 2016
VANCOUVER, Dec. 28, 2016 /CNW/ - International Tower Hill Mines Ltd. (TSX: ITH, NYSE-MKT: THM) ("ITH" or the "Company") is pleased to announce that it has closed the previously announced non-brokered private placement financing (the "Offering") of 45,833,334 common shares at a price of US$0.48 per share for gross proceeds of US$22.0 million.
"It is significant to have such high quality support from Paulson & Co. Inc. as they increase their interest in the Company and to have Tocqueville Asset Management, L. P. and AngloGold Ashanti (U.S.A.) Exploration Inc. participate in this private placement to maintain their pro-rata share. With this support, the improved results of the Pre-Feasibility Study released on October 24, 2016 and the key project fundamentals of a large resource base, stable jurisdiction, and leverage to gold price, we look forward to continuing to advance the Livengood Gold Project," said Tom Irwin, CEO.
International Tower Hill Mines Ltd. (ITH) has the following new filing(s) recently:
TOCQUEVILLE ASSET MANAGEMENT, L.P.
SEDI Insider Relationship:
3 - 10% Security Holder of Issuer
Acquired 9,041,554 Common Shares (Control or Direction: Tocqueville Gold Fund) at a price of $0.480USD through a prospectus or prospectus exempt offering on December 28th, 2016 (Holdings Change* of 52.9%)
Insider transaction information sourced from SEDI®
TOCQUEVILLE ASSET MANAGEMENT, L.P.
SEDI Insider Relationship:
3 - 10% Security Holder of Issuer
Acquired 9,041,554 Common Shares (Control or Direction: Tocqueville Gold Fund) at a price of $0.480USD through a prospectus or prospectus exempt offering on December 28th, 2016 (Holdings Change* of 52.9%)
Insider transaction information sourced from SEDI®
Int'l Tower corrects Livengood AISC overstatement
2017-03-08 17:13 ET - News Release
Mr. Karl Hanneman reports
INTERNATIONAL TOWER HILL MINES ANNOUNCES DOWNWARD CORRECTION TO PREVIOUSLY REPORTED ALL-IN SUSTAINING COSTS
International Tower Hill Mines Ltd. has corrected previously reported all-in sustaining costs (AISC) downward to conform with World Gold Council guidance. The effect of the error was to overstate AISC at $1,263. As a result of the restatement, the AISC for the Livengood Gold Project (the "Project") located near Fairbanks, Alaska, is projected to be $976/oz.
The results of the Pre-Feasibility Study (the "PFS") set forth in a news release on September 8, 2016 and as filed with the NI 43-101 report on October 24, 2016 had included, contrary to World Gold Council guidance, both initial capital costs and mining and income taxes in the $1,263 previously reported as all-in sustaining costs. All dollar figures in this news release are stated in US Dollars.
The table below identifies the correct costs over the life of the Project based on the PFS:
Costs of Production
$/Ounce As previously reported$/Ounce As correctedLOM ($Million)
Operating Costs $ 877 $ 877
Capital Expenditures (1) 370(2) 99(3)
All-In Sustaining Costs $ 1,247 $ 976
Capital Expenditures (1) - 271(4)
Mining and Income Taxes 16 -
All-In Costs $ 1,263 $ 1,247
As previously reportedLOM ($Million) As corrected
Operating Costs $ 5,934 $ 5,934
Capital Expenditures (1) 2,501(2) 665(3)
All-In Sustaining Costs $ 8,435 $ 6,599
Capital Expenditures (1) - 1,836(4)
Mining and Income Taxes 104 -
All-In Costs $ 8,539 $ 8,435
Rounding of some figures may lead to minor discrepancies in totals.
(1) Excludes $18M upfront funding included in operating costs above and $37M of recoverable initial stores inventory.
(2) Includes initial and sustaining capital expenditures
(3) Includes sustaining capital expenditures only
(4) Includes initial capital expenditures only
Qualified Persons
Colin Hardie, P. Eng. (Ontario APEO No. 90512500), a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the technical information contained in this news release and has approved the disclosure herein. Mr. Hardie is independent of ITH as independence is described in Section 1.5 of NI 43-101.
http://www.stockwatch.com/News/Item....p;symbol=ITH®ion=C
2017-03-08 17:13 ET - News Release
Mr. Karl Hanneman reports
INTERNATIONAL TOWER HILL MINES ANNOUNCES DOWNWARD CORRECTION TO PREVIOUSLY REPORTED ALL-IN SUSTAINING COSTS
International Tower Hill Mines Ltd. has corrected previously reported all-in sustaining costs (AISC) downward to conform with World Gold Council guidance. The effect of the error was to overstate AISC at $1,263. As a result of the restatement, the AISC for the Livengood Gold Project (the "Project") located near Fairbanks, Alaska, is projected to be $976/oz.
The results of the Pre-Feasibility Study (the "PFS") set forth in a news release on September 8, 2016 and as filed with the NI 43-101 report on October 24, 2016 had included, contrary to World Gold Council guidance, both initial capital costs and mining and income taxes in the $1,263 previously reported as all-in sustaining costs. All dollar figures in this news release are stated in US Dollars.
The table below identifies the correct costs over the life of the Project based on the PFS:
Costs of Production
$/Ounce As previously reported$/Ounce As correctedLOM ($Million)
Operating Costs $ 877 $ 877
Capital Expenditures (1) 370(2) 99(3)
All-In Sustaining Costs $ 1,247 $ 976
Capital Expenditures (1) - 271(4)
Mining and Income Taxes 16 -
All-In Costs $ 1,263 $ 1,247
As previously reportedLOM ($Million) As corrected
Operating Costs $ 5,934 $ 5,934
Capital Expenditures (1) 2,501(2) 665(3)
All-In Sustaining Costs $ 8,435 $ 6,599
Capital Expenditures (1) - 1,836(4)
Mining and Income Taxes 104 -
All-In Costs $ 8,539 $ 8,435
Rounding of some figures may lead to minor discrepancies in totals.
(1) Excludes $18M upfront funding included in operating costs above and $37M of recoverable initial stores inventory.
(2) Includes initial and sustaining capital expenditures
(3) Includes sustaining capital expenditures only
(4) Includes initial capital expenditures only
Qualified Persons
Colin Hardie, P. Eng. (Ontario APEO No. 90512500), a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the technical information contained in this news release and has approved the disclosure herein. Mr. Hardie is independent of ITH as independence is described in Section 1.5 of NI 43-101.
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