- International Tower Hill Mines is one of the top-performing gold stocks year-to-date, with a 170% return thus far in 2020.
- However, the company has arguably the least attractive gold project when it comes to optionality plays in the sector, with hefty upfront and relatively high operating costs.
- Some investors continue to argue that the stock is cheap at US$24.00~/oz, but I believe International Tower Hill is cheap for a reason, and expensive relative to some peers.
- I continue to see the stock as an Avoid in favor of much more attractive Tier-1 jurisdictions with lower capex and more favorable operating costs.
For further details see:
International Tower Hill Mines: Don't Pay Up For Livengood Ounces