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Paulson & Co. (THM) boosts International Tower Hill Mines stake to 39.9% via $12.6M block buy
Paulson & Co. Inc. has increased its stake in International Tower Hill Mines Ltd. (THM) to 39.9% after purchasing an additional 4,913,665 common shares in a block trade for approximately $12.6 million. This transaction, detailed in an Amendment No. 7 to their Schedule 13D filing, raises Paulson’s total beneficial ownership to 104,486,703 common shares. The investment signals a higher reported ownership level without necessarily indicating an immediate change in control status.