Paulson & Co. Accumulates Nearly 10% of Tower Hill Shares in Aggressive Buy‑Low Strategy Amid Gold‑Project Optimism

Paulson & Co. Inc. Buys a New Chunk of Tower Hill Shares On January 28, 2026, Paulson & Co. Inc. – the investment manager behind a suite of funds overseen by John Paulson – announced a purchase of 9.8 million common shares of International Tower Hill Mines Ltd. at $2.22 per share, bringing the funds’ holdings to roughly 98 million shares. The transaction comes a day after a smaller 1.5 million‑share purchase, suggesting a systematic accumulation strategy rather than a one‑off speculative play.

Implications for Investors and the Company’s Outlook The buy‑side activity is noteworthy for a company whose shares are currently trading near the top of its 52‑week range ($4.07 versus a 52‑week high of $4.90). A sizeable institutional inflow can signal confidence in Tower Hill’s exploration pipeline, particularly its expanding Alaska and Nevada gold projects. For retail investors, the move may justify a closer look at the company’s recent equity offering, which closed at $114.8 million, indicating solid demand from a broader investor base. However, the company’s negative P/E ratio (-143) and lack of disclosed guidance mean that price support remains largely driven by speculative enthusiasm rather than earnings fundamentals.

Paulson & Co.’s Historical Buying Pattern Paulson’s historic transaction record for Tower Hill shows a clear pattern of incremental accumulation. A prior purchase on January 27, 2026, added 18 million shares at the same $2.22 price, increasing the funds’ stake to 88 million shares. Across all filings, the funds have consistently bought shares at a price roughly half the current market level, a classic “buy low, hold long” approach. This disciplined buying cadence aligns with Paulson’s reputation for patient, value‑oriented investing, often targeting companies with high upside potential but undervalued equity.

What Does This Mean for the Future? If Paulson’s accumulation continues, the funds could eventually own a significant block that may influence corporate governance or strategic decisions, especially as Tower Hill moves toward developing its exploration properties. For the broader market, an institutional stake of nearly 10 % of shares outstanding could add momentum to the stock’s upward trajectory, provided the company delivers on its exploration milestones. Conversely, if the company fails to meet production or funding targets, the sizeable block could become a catalyst for a sharp price correction.

Bottom Line for Investors Paulson’s recent purchases are a positive signal for investors who believe in Tower Hill’s long‑term growth prospects. The institutional commitment suggests confidence in the company’s exploration strategy, but the lack of earnings guidance and a negative P/E ratio warrant cautious optimism. Tracking future filings and the company’s progress on its Alaska and Nevada projects will be essential for assessing whether this institutional support translates into sustainable shareholder value.