International Tower Hill Minerals Prepared for Low Gold Prices

Mining Weekly reported that International Tower Hill Minerals said that the possibility of lower gold prices would not be devastating because they have prepared alternate plans.

As quoted in the Mining Weekly report:

Despite the recent turmoil in the gold market, ITH said it would continue to strive to bring value to its shareholders by optimising its world-class Livengood project, which currently had estimated measured and indicated resources of 933-million tonnes at an average grade of 0.55 g/t gold for about 16.5-million contained ounces at a 0.22 g/t gold cutoff.

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