- International Tower Hill Mines is down more than 50% from last year's highs, and is one of the worst-performing miners since the August 2020 peak.
- The company is planning to provide an updated Pre-Feasibility Study for its Livengood Project in Alaska later this year, with the goal of optimizing the project.
- While a higher gold price will improve the project economics, Livengood is an expensive project with high operating costs, which makes it inferior relative to other undeveloped projects.
- Therefore, while we could see a higher After-Tax NPV (5%), I don't think we'll see much improvement in the upfront capex or operating costs, which means that potential suitors will likely look elsewhere if they're interested in growing their production.
For further details see:
International Tower Hill Mines: An Inferior Way To Buy The Dip