Business
International Tower Hill Mines Files First Quarter 2014 Financial Results
VANCOUVER , May 7, 2014 /CNW/ - International Tower Hill Mines Ltd. ("ITH" or the "C...
About this update from International Tower Hill Mines Ltd.
[{"type":"text","content":"\n\nVANCOUVER, May 7, 2014 /CNW/ - International Tower Hill Mines Ltd. (\"ITH\" or the \"Company\") - (TSX: ITH) (NYSE-MKT: THM) today announced that it has filed its unaudited first quarter financial statements and associated Management's Discussion and Analysis (MD&A) and Quarterly Report on Form 10-Q for the three-month period ended March 31, 2014.\n\nThe Company's working capital as of March 31, 2014 was USD10.9 million, which is expected to allow the Company to advance the Livengood Gold Project well into 2015.\n\n\"The Project has excellent fundamentals:  a substantial gold resource, a highly favorable location and the team that led development of two major mines in the interior of Alaska,\" said Tom Irwin, CEO.\n\nITH continues to investigate a number of opportunities, including those identified in the September 4, 2013 Feasibility Study and those subsequently developed by the Company, for optimization and reduction of project costs.  Environmental baseline efforts are being advanced in support of eventual permitting and the Company is pursuing a future strategic alliance to assist in further development.\n\nShareholders can obtain copies of the quarterly documents on SEDAR at www.sedar.com, EDGAR at www.sec.gov and on ITH's website at www.ithmines.com.   \n\nAbout International Tower Hill Mines Ltd.\n\nInternational Tower Hill Mines Ltd. owns 100% of the Livengood Gold Project, located along the paved Elliott Highway, 70 miles north of Fairbanks, Alaska.\n\nCautionary Note Regarding Forward-Looking Statements\n\nThis press release contains forward-looking statements and forward-looking information (collectively, those subsequently developed by the Company, for optimization and reduc and US securities legislation.  All statements, other than statements of historical fact, included herein, including statements with respect to the potential for the Company to identify and secure a joint venture partner for the Livengood Project, the ability of the Company to continue to maintain the necessary environmental baseline activities to maintain the integrity and usability of the five years of historical data already compiled, the ability of the Company to optimize and/or enhance the base case as set out in the Feasibility Study, the ability of the Company to provide shareholder value through secur...