International Tower Hill Mines Files 2016 First Quarter Financial Results - "At March 31, 2016, the Company had a working capital deficit of USD 9.9 million compared to working capital of USD 6.2 million, at December 31, 2015. The negative working capital is mainly the result of the reclassification of the contingent derivative payment, payable on January 12, 2017 and estimated at March 31, 2016 to be USD 14.6 million, to a current liability. ITH is working to address the derivative payment and believes that they will be successful. However, there is no assurance that the Company will be able to address the derivative payment on acceptable terms, if at all." More
- 05/06/16 | Item |


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