Major Shareholder Boosts Stake in International Tower Hill Mines

Paulson & Co. Inc. acquires over $3.3 million in additional shares of the Alaska-focused gold exploration company.

Jan. 30, 2026 at 7:15pm

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International Tower Hill Mines Ltd. (NYSE:THM), a mineral exploration and development company focused on its flagship Livengood gold project in Alaska, announced that major shareholder Paulson & Co. Inc. purchased an additional 1,501,982 shares of the company's stock. The shares were acquired at an average cost of $2.22 per share, for a total transaction value of $3,334,400.04. Following the purchase, Paulson & Co. Inc. now owns 99,573,038 shares of International Tower Hill Mines, representing a 1.53% increase in their position.

Why it matters

This significant increase in ownership by a major shareholder signals confidence in International Tower Hill Mines' Livengood gold project and its long-term potential. As a large investor, Paulson & Co. Inc.'s actions can influence market sentiment and the company's ability to secure funding for further exploration and development of the Livengood deposit.

The details

The transaction was disclosed in a filing with the U.S. Securities and Exchange Commission. International Tower Hill Mines is focused on advancing the Livengood gold project, which is located approximately 70 miles northwest of Fairbanks, Alaska. The company has been systematically drilling and modeling the resource in an effort to define and expand the gold deposits at the site.

  • The share purchase was made on Thursday, January 29, 2026.
  • International Tower Hill Mines' stock trades on the New York Stock Exchange under the ticker symbol THM.

The players

Paulson & Co. Inc.

A major shareholder and investment management firm that has increased its stake in International Tower Hill Mines.

International Tower Hill Mines Ltd.

A mineral exploration and development company focused on advancing its flagship Livengood gold project in Alaska.

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What’s next

The company will continue to focus on advancing the Livengood gold project through further exploration, resource modeling, and feasibility studies as it works towards a potential mining operation.

The takeaway

Paulson & Co. Inc.'s substantial investment in International Tower Hill Mines demonstrates their confidence in the long-term potential of the Livengood gold project. This vote of confidence from a major shareholder could help the company secure additional funding and resources to further develop the asset.