CEO David Wiens Buys 83,682 Shares of International Tower Hill Mines

David Wiens, Chief Executive Officer of International Tower Hill Mines Ltd (THM), bought 83,682 shares on Sept. 16, according to a Form 4 filing with the SEC. The purchase lifted his total holdings to 684,047 shares.

The stock traded at $2.39 at the time of the transaction, giving the company a market cap of about $684 million. The CEO has accumulated 83,682 shares over the past year and sold none, the filing shows.

Across the company, insiders have logged 5 buys and 0 sells in the trailing twelve months. That imbalance, net buying with no insider sales, tends to draw attention from investors who track filings for signals about management's view of a stock.

For a development-stage gold miner, insider accumulation carries particular weight. International Tower Hill Mines holds the Livengood Gold Project in Alaska, a large deposit that has not yet reached production. The company generates no revenue from mining; its value depends on the size and grade of its resource, the gold price, and its ability to fund permitting and engineering work. A CEO adding shares at $2.39 signals confidence in the project's economics at that valuation, though it cannot guarantee those economics will materialize.

GuruFocus tracks 2 gurus holding THM shares, with 1 adding and 1 trimming positions in recent quarters. The guru picture is mixed, but insider activity leans uniformly bullish: 5 buys, 0 sells.

The transaction is a straightforward data point. At $2.39 per share, the company's Chief Executive chose to increase his stake, and over the past year he has sold nothing.