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The latest update is out from International Tower Hill Mines ( (TSE:ITH) ).
International Tower Hill Mines Ltd. has reported promising initial results from its antimony metallurgy study at the Livengood Gold Project. The study indicates that the antimony, found in stibnite veins, shows potential for flotation, warranting further investigation into its recoverability. This development could enhance the project’s value by potentially adding antimony to its resource base, although more extensive work is needed to confirm economic viability.
Spark’s Take on TSE:ITH Stock
According to Spark, TipRanks’ AI Analyst, TSE:ITH is a Neutral.
International Tower Hill Mines faces significant financial challenges with zero revenue and ongoing losses. The strong balance sheet offers some stability, but the lack of profitability and negative cash flow are major concerns. Technical indicators show positive price momentum, while the recent funding for antimony study is a favorable corporate event. However, the negative valuation metrics weigh heavily on the overall score.
To see Spark’s full report on TSE:ITH stock, click here.
More about International Tower Hill Mines
International Tower Hill Mines Ltd. operates in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily engaged in the Livengood Gold Project, which aims to extract gold and potentially antimony from its deposits.
Average Trading Volume: 21,836
Technical Sentiment Signal: Buy
Current Market Cap: C$461.5M
For an in-depth examination of ITH stock, go to TipRanks’ Overview page.