NovaGold Resources (NG) 10-K 23 Jan 19 2018 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($) $ in Thousands	12 Months Ended
	Nov. 30, 2018	Jan. 16, 2019	May 31, 2018
Document Information [Line Items]
Entity Registrant Name	NOVAGOLD RESOURCES INC
Entity Central Index Key	1,173,420
Trading Symbol	ng
Current Fiscal Year End Date	--11-30
Entity Filer Category	Large Accelerated Filer
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	Yes
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Common Stock, Shares Outstanding (in shares)		325,052,364
Entity Public Float			$ 1,150,740
Document Type	10-K
Document Period End Date	Nov. 30, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	FY
Amendment Flag	false
Entity Shell Company	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands		Nov. 30, 2018	Nov. 30, 2017
ASSETS
Cash and cash equivalents	[1]	$ 21,004	$ 27,954
Term deposits		146,000	56,000	[1]
Other assets (Note 7)		2,379	883	[1]
Current assets		169,383	84,837	[1]
Notes receivable (Note 5)		89,459		[1]
Investment in Donlin Gold (Note 6)		1,209	1,100	[1]
Other assets (Note 7)		878	1,496	[1]
Non-current assets held for sale (Note 4)			311,228	[1]
Total assets		260,929	398,661	[1]
LIABILITIES
Accounts payable and accrued liabilities		710	591	[1]
Accrued payroll and related benefits		2,545	2,513	[1]
Income taxes payable		223	136	[1]
Other liabilities		182	182	[1]
Current liabilities		3,660	3,422	[1]
Promissory note (Note 8)		96,501	90,040	[1]
Deferred income taxes (Note 12)		80		[1]
Non-current liabilities held for sale (Note 4)			21,170	[1]
Total liabilities		100,241	114,632	[1]
Commitments and contingencies (Note 17)				[1]
EQUITY
Common shares: Authorized – 1,000 million shares, no par value; Issued and outstanding – 323.2 and 322.2 million shares, respectively		1,954,861	1,951,587	[1]
Contributed surplus		87,987	83,534	[1]
Accumulated deficit		(1,857,682)	(1,744,917)	[1]
Accumulated other comprehensive income (loss)		(24,478)	(6,175)	[1]
Total equity		160,688	284,029	[1]
Total liabilities and equity		$ 260,929	$ 398,661	[1]
[1]	See note 4 - Discontinued operations

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - $ / shares $ / shares in Thousands	Nov. 30, 2018	Nov. 30, 2017
Common shares authorized (in shares)	1,000,000,000	1,000,000,000
Common shares, par value (in dollars per share)	$ 0	$ 0
Common shares issued (in shares)	323,222,840	322,219,187
Common shares outstanding (in shares)	323,222,840	322,219,187

Consolidated Statements of Loss

Consolidated Statements of Loss and Comprehensive Loss - USD ($) shares in Thousands, $ in Thousands		12 Months Ended
		Nov. 30, 2018	Nov. 30, 2017		Nov. 30, 2016
Operating expenses:
Equity loss - Donlin Gold (Note 6)		$ 8,798	$ 11,219	[1],[2]	$ 8,819	[1],[2]
General and administrative (Note 10)	[1]	18,493	20,802		20,179
		27,291	32,021	[1]	28,998	[1]
Loss from operations		(27,291)	(32,021)	[1]	(28,998)	[1]
Other income (expense) (Note 11)		(3,649)	(4,587)	[1]	(3,422)	[1]
		(30,940)	(36,608)	[1]	(32,420)	[1]
Income tax expense (Note 12)		(526)	(307)	[1]	(277)	[1]
Net loss from continuing operations		(31,466)	(36,915)	[1]	(32,697)	[1]
Net loss from discontinued operations, net of tax (Note 4)		(81,299)	(2,101)	[1],[2]	(1,149)	[1],[2]
Net loss		(112,765)	(39,016)	[1],[2]	(33,846)	[1],[2]
Other comprehensive income (loss):
Unrealized holding gain (loss) on marketable securities during period net of $(128), $43 and $69 tax (recovery) expense		(541)	271	[1]	477	[1]
Reclassification adjustment for losses included in net loss from continuing operations (Note 15)		76		[1]		[1]
Foreign currency translation adjustments		(4,062)	12,414	[1]	(1,652)	[1]
Reclassification of cumulative translation adjustment included in net loss from discontinued operations (Note 4)		(13,776)		[1]		[1]
		(18,303)	12,685	[1]	(1,175)	[1]
Comprehensive loss		$ (131,068)	$ (26,331)	[1]	$ (35,021)	[1]
Net loss per common share – basic and diluted
Continuing operations (in dollars per share)		$ (0.10)	$ (0.11)	[1]	$ (0.10)	[1]
Discontinued operations (in dollars per share)		(0.25)	(0.01)	[1]	(0.01)	[1]
(in dollars per share)		$ (0.35)	$ (0.12)	[1]	$ (0.11)	[1]
Weighted average shares outstanding
Basic and diluted (thousands) (in shares)		322,487	321,659	[1]	319,774
[1]	See note 4 - Discontinued operations
[2]	See note 4 - Discontinued operations

Consolidated Statements of Lo_2

Consolidated Statements of Loss and Comprehensive Loss (Parentheticals) - USD ($) $ in Thousands	12 Months Ended
	Nov. 30, 2018	Nov. 30, 2017	Nov. 30, 2016
Unrealized holding gain (loss) on marketable securities, tax recovery (expense)	$ (128)	$ 43	$ 69

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands		12 Months Ended
		Nov. 30, 2018	Nov. 30, 2017		Nov. 30, 2016
Operating activities:
Net loss		$ (112,765)	$ (39,016)	[1],[2]	$ (33,846)	[1],[2]
Adjustments:
Loss from discontinued operations, net of tax		81,299	2,101	[1],[2]	1,149	[1],[2]
Equity loss – Donlin Gold		8,798	11,219	[1],[2]	8,819	[1],[2]
Share-based compensation		7,727	10,293	[2]	10,263	[2]
Interest expense on promissory note		6,461	5,228	[2]	4,551	[2]
Foreign exchange loss (gain)		171	531	[2]	(182)	[2]
Accretion of notes receivable		(1,061)	(58)	[2]	(70)	[2]
Deferred income tax expense (recovery)		80	(43)	[2]	(69)	[2]
Write-down of investments		76		[2]		[2]
Other		22	62	[2]	167	[2]
Changes in operating assets and liabilities:
Other assets		(1,471)	1,266	[2]	743	[2]
Accounts payable and accrued liabilities		233	52	[2]	(324)	[2]
Accrued payroll and related benefits		38	320	[2]	99	[2]
Other liabilities			(32)	[2]	(237)	[2]
Net cash used in operating activities of continuing operations		(10,392)	(8,077)	[2]	(8,937)	[2]
Investing activities:
Proceeds from term deposits		62,000	151,900	[2]	100,000	[2]
Purchases of term deposits		(152,000)	(132,900)	[2]	(90,000)	[2]
Funding of Donlin Gold		(8,907)	(11,368)	[2]	(8,712)	[2]
Other		(13)	(28)	[2]		[2]
Net cash provided from (used in) investing activities of continuing operations		(98,920)	7,604	[2]	1,288	[2]
Net cash provided from (used in) investing activities of discontinued operations (Note 4)		102,448	(1,803)	[2]	496	[2]
Net cash provided from investing activities		3,528	5,801	[2]	1,784	[2]
Financing activities:
Withholding tax on share-based compensation			(196)	[2]	(4,275)	[2]
Net cash used in financing activities of continuing operations			(196)	[2]	(4,275)	[2]
Effect of exchange rate changes on cash		(86)	152	[2]	(29)	[2]
Net change in cash and cash equivalents		(6,950)	(2,320)	[2]	(11,457)	[2]
Cash and cash equivalents at beginning of period	[2]	27,954	30,274		41,731
Cash and cash equivalents at end of period		$ 21,004	$ 27,954	[2]	$ 30,274	[2]
[1]	See note 4 - Discontinued operations
[2]	See note 4 - Discontinued operations

Consolidated Statements of Equi

Consolidated Statements of Equity - USD ($) shares in Thousands, $ in Thousands	Performance Share Units [Member]Common Stock [Member]	Performance Share Units [Member]Additional Paid-in Capital [Member]	Performance Share Units [Member]Retained Earnings [Member]	Performance Share Units [Member]AOCI Attributable to Parent [Member]	Performance Share Units [Member]	Deferred Share Units [Member]Common Stock [Member]	Deferred Share Units [Member]Additional Paid-in Capital [Member]	Deferred Share Units [Member]Retained Earnings [Member]	Deferred Share Units [Member]AOCI Attributable to Parent [Member]		Deferred Share Units [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]		Total
Balance (in shares) at Nov. 30, 2015												317,910
Balance, beginning at Nov. 30, 2015												$ 1,938,262	$ 80,774	$ (1,672,055)	$ (17,685)	[1]	$ 329,296
Share-based compensation													10,263			[1]	10,263
Share-based awards settled in shares (in shares)	1,377				1,377
Share-based awards settled in shares	$ 2,679	$ (2,679)
Stock options exercised (in shares)												729
Stock options exercised												$ 1,510	(1,510)			[1]
Withholding tax on PSUs													(4,275)				(4,275)
Net loss														(33,846)		[1]	(33,846)	[2],[3]
Other comprehensive income (loss)															(1,175)	[1]	(1,175)	[3]
Balance (in shares) at Nov. 30, 2016												320,016
Balance, ending at Nov. 30, 2016												$ 1,942,451	82,573	(1,705,901)	(18,860)	[1]	300,263
Share-based compensation													10,293			[1]	10,293
Share-based awards settled in shares (in shares)	1,513				1,513	28
Share-based awards settled in shares	$ 4,000	$ (4,000)				$ 122	$ (122)			[1]
Stock options exercised (in shares)												662
Stock options exercised												$ 5,014	(5,014)			[1]
Withholding tax on PSUs													(196)				(196)
Net loss														(39,016)		[1]	(39,016)	[2],[3]
Other comprehensive income (loss)															12,685	[1]	12,685	[3]
Balance (in shares) at Nov. 30, 2017												322,219
Balance, ending at Nov. 30, 2017												$ 1,951,587	83,534	(1,744,917)	(6,175)	[1]	284,029	[4]
Share-based compensation													7,727			[1]	$ 7,727
Share-based awards settled in shares (in shares)						98
Share-based awards settled in shares						$ 427	$ (427)
Stock options exercised (in shares)												906					2,672
Stock options exercised												$ 2,847	(2,847)			[1]
Net loss														(112,765)		[1]	(112,765)
Other comprehensive income (loss)															(18,303)	[1]	(18,303)
Balance (in shares) at Nov. 30, 2018												323,223
Balance, ending at Nov. 30, 2018												$ 1,954,861	$ 87,987	$ (1,857,682)	$ (24,478)		$ 160,688
[1]	Accumulated other comprehensive income (loss)
[2]	See note 4 - Discontinued operations
[3]	See note 4 - Discontinued operations
[4]	See note 4 - Discontinued operations

Note 1 - The Company

Note 1 - The Company	12 Months Ended
	Nov. 30, 2018
Notes to Financial Statements
Business Description and Basis of Presentation [Text Block]	NOTE 1 NOVAGOLD RESOURCES INC. and its affiliates and subsidiaries (collectively, “NOVAGOLD” or the “Company”) operate in the mining industry, focused on the exploration for and development of gold mineral properties. The Company has no 50% On July 27, 2018, 50% 40% November 30, 2017, 4.

Note 2 - Summary of Significant

Note 2 - Summary of Significant Accounting Policies	12 Months Ended
	Nov. 30, 2018
Notes to Financial Statements
Significant Accounting Policies [Text Block]	NOTE 2 Presentation These Consolidated Financial Statements are presented in United States dollars and have been prepared in accordance with accounting principles generally accepted in the United States (US GAAP). References in these Consolidated Financial Statements and Notes to $ refer to United States dollars and C$ to Canadian dollars. Dollar amounts are in thousands, except for per share amounts. Use of estimates The preparation of the Company’s Consolidated Financial Statements in accordance with US GAAP requires the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the Consolidated Financial Statements and the reported amounts of expenses during the reporting period. The more significant areas requiring the use of management estimates and assumptions include: investments in affiliates; mineral properties; notes receivable; contingent notes receivable; income taxes; and share-based compensation. The Company bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances. Actual results could differ from the amounts estimated in these Consolidated Financial Statements. Principles of consolidation The Company’s Consolidated Financial Statements include NOVAGOLD RESOURCES INC. and its wholly-owned subsidiaries including, NOVAGOLD U.S. Holdings Inc., NOVAGOLD Resources Alaska Inc., NOVAGOLD USA, Inc., and AGC Resources Inc. All inter-company transactions and balances are eliminated on consolidation. The functional currency for the Company’s Canadian operations is the Canadian dollar and the functional currency for the Company’s U.S. operations is the U.S. dollar. Therefore, gains and losses on U.S. dollar denominated transactions and the effect of translating U.S. dollar denominated balances of Canadian operations are recorded in net loss. The effects of translating the Company’s Canadian operations from the Canadian dollar to the U.S. dollar are recorded in Other comprehensive income (loss). Cash and cash equivalents Cash and cash equivalents consist of cash balances and highly liquid investments with original maturities of three Term deposits The Company’s term deposits are classified as held to maturity and recorded at cost. Term deposits are held at Chartered Canadian banks with original maturities of 12 not Investment in affiliates Investments in unconsolidated ventures over which the Company has the ability to exercise significant influence, but does not 50/50 not The equity method is a basis of accounting for investments whereby the investment is initially recorded at cost and the carrying value is adjusted thereafter to include the investor’s pro rata share of post-acquisition earnings or losses of the investee, as computed by the consolidation method. Cash funding increases the carrying value of the investment. Profit distributions received or receivable from an investee reduce the carrying value of the investment. Donlin Gold LLC is a non-publicly traded equity investee owning an exploration and development project. Therefore, the Company assesses whether there has been a potential impairment triggering event for other-than-temporary impairment by testing the underlying assets of the equity investee for recoverability and assessing whether there has been a change in the development plan or strategy for the project. If the underlying assets are not Mineral properties Mineral property expenditures are expensed as incurred except for expenditures associated with the acquisition of mineral property assets through a business combination or asset acquisition. The Company reviews and evaluates its mineral properties for impairment when events or changes in circumstances indicate that the related carrying amounts may not may Income taxes The Company accounts for income taxes using the liability method, recognizing certain temporary differences between the financial reporting basis of the Company’s liabilities and assets and the related income tax basis for such liabilities and assets. This method generates deferred income tax liabilities and assets for the Company, as measured by the statutory tax rates in effect. The Company derives its deferred income tax charge or benefit by recording the change in deferred income tax liabilities and asset balances for the year. The Company’s deferred income tax assets include certain future tax benefits. The Company records a valuation allowance against any portion of those deferred income tax assets when it believes, based on the weight of available evidence, it is more likely than not not Share-based payments The Company records share-based compensation awards exchanged for employee services at fair value on the date of the grant and expenses the awards in the Consolidated Statements of Loss over the requisite employee service period. The fair values of stock options are determined using a Black-Scholes option pricing model. The fair values of PSUs are determined using a Monte Carlo valuation model. The Company's estimates may not Net income (loss) per common share Basic and diluted income (loss) per share are presented for Net income (loss). Basic income (loss) per share is computed by dividing Net income (loss) by the weighted-average number of outstanding common shares for the period. Diluted income per share reflects the potential dilution that could occur if securities or other contracts that may Reclassifications On July 25, 2018, 50% 40% July 27, 2018. November 30, 2017, 4. Recently adopted accounting pronouncements Compensation—Stock Compensation In May 2017, No. 2017 09 December 1, 2017, no Recently issued accounting pronouncements Restricted Cash In November 2016, No. 2016 18 December 15, 2017 December 1, 2018 not Statement of Cash Flows In August 2016, No. 2016 15 December 1, 2018, not December 1, 2018 not Leases In February 2016, No. 2016 02 September 2017 No. 2017 13, January 2018 No. 2018 01 July 2018 No. 2018 10 No. 2018 11. December 15, 2018, December 1, 2019. not Classification and Measurement of Financial Instruments In January 2016, No. 2016 01 February 2018 No. 2018 03. not not December 1, 2018. Accumulated other comprehensive loss Accumulated deficit November 30, 2018 $ 378 Accumulated deficit Fair Value Disclosure Requirements In August 2018, No. 2018 13 December 1, 2020,

Note 3 - Segmented Information

Note 3 - Segmented Information	12 Months Ended
	Nov. 30, 2018
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	NOTE 3 Operating segments are reported in a manner consistent with the internal reporting provided to the chief operating decision-maker. The chief operating decision-maker, who is responsible for allocating resources and assessing performance of the operating segments, has been identified as the Chief Executive Officer. The Chief Executive Officer considers the business from a geographic perspective considering the performance of our investments in the Donlin Gold project in Alaska, USA (Note 6 July 27, 2018, 4

Note 4 - Discontinued Operation

Note 4 - Discontinued Operations	12 Months Ended
	Nov. 30, 2018
Notes to Financial Statements
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	NOTE 4 Galore Creek transaction On July 27, 2018, 50 $100,000 $75,000 July 27, 2021; $25,000 July 27, 2023; $75,000 no The details of our Net loss from discontinued operations, net of tax, Years ended November 30, 2018 2017 2016 Equity loss – Galore Creek $ (1,203 ) $ (1,676 ) $ (1,149 ) Income tax expense – (425 ) – Galore Creek operations, net of tax (1,203 ) (2,101 ) (1,149 ) Loss on sale of Galore Creek, net of tax (80,096 ) – – $ (81,299 ) $ (2,101 ) $ (1,149 ) In 2018, Loss on sale of Galore Creek, net of tax Cash consideration received on closing $ 100,000 Refund of reclamation deposits 4,897 Less closing costs (721 ) 104,176 Fair value of notes receivable (Note 5) 88,398 Net proceeds 192,574 Less book values: Investment in GCP (248,367 ) Copper Canyon mineral property (44,577 ) Reclamation deposits (4,967 ) Reclassification of cumulative foreign currency translation adjustments 13,776 Deferred income tax recovery 11,465 $ (80,096 ) Other comprehensive income (loss) not not Other comprehensive income (loss) The details of our Net cash provided from (used in) investing activities of discontinued operations Years ended November 30, 2018 2017 2016 Funding of GCP $ (1,475 ) $ (1,600 ) $ (1,020 ) Net cash proceeds received 99,279 – – Reclamation deposits 4,644 (203 ) – Exploration tax credit – – 1,516 $ 102,448 $ (1,803 ) $ 496 The carrying amounts of Galore Creek’s major classes of assets and liabilities, which are presented as held for sale in the comparative Consolidated Balance Sheet as of November 30, 2017, Non-current assets held for sale: Investment in GCP $ 251,461 Copper Canyon mineral property 45,179 Reclamation deposits 5,035 Deferred income tax assets 9,553 $ 311,228 Non-current liabilities held for sale: Deferred income tax liabilities $ 21,170 Investment in Galore Creek through July 27, 2018 The Galore Creek project is owned by GCP, a partnership in which Teck and a subsidiary of Newmont (formerly a wholly-owned subsidiary of NOVAGOLD prior to the completion of the sale transaction on July 27, 2018) 50% four two GCP prepares its financial statements under International Financial Reporting Standards, as issued by the IASB and presents its financial statements in Canadian dollars. In accounting for its investment in GCP through July 27, 2018, Changes in the Company’s investment in GCP are summarized as follows: Years ended November 30, 2018 2017 2016 Balance – beginning of period $ 251,461 $ 241,404 $ 242,906 Share of losses Mineral property expenditures – (48 ) (169 ) Care and maintenance expense (1,203 ) (1,628 ) (980 ) (1,203 ) (1,676 ) (1,149 ) Funding 1,475 1,600 1,020 Foreign currency translation (3,366 ) 10,133 (1,373 ) Sale of investment in GCP (248,367 ) – – Balance – end of period $ – $ 251,461 $ 241,404 The following amounts represent the Company’s 50% November 30, 2017, June 2011, 50% 50% not 50% Current assets: Cash, prepaid expenses and other receivables $ 197 Non-current assets: Mineral property 226,561 Current liabilities: Accounts payable and accrued liabilities (237 ) Non-current liabilities: Reclamation obligation (7,645 ) Net assets $ 218,876

Note 5 - Notes Receivable

Note 5 - Notes Receivable	12 Months Ended
	Nov. 30, 2018
Notes to Financial Statements
Financing Receivables [Text Block]	NOTE 5 The Company has notes receivable from Newmont including a $75,000 July 27, 2021, $25,000 July 27, 2023. $ 75,000 $25,000 $88,398, three five 3.6% $75,000 $25,000 three five November 30, 2018, $89,459 $1,061 $75,000 No $75,000 not not November 30, 2018.

Note 6 - Investment in Donlin G

Note 6 - Investment in Donlin Gold	12 Months Ended
	Nov. 30, 2018
Donlin Gold [Member]
Notes to Financial Statements
Equity Method Investments and Joint Ventures Disclosure [Text Block]	NOTE 6 The Donlin Gold project is owned and operated by Donlin Gold LLC, a limited liability company in which wholly-owned subsidiaries of Barrick and NOVAGOLD each own a 50% four two two Changes in the Company’s Investment in Donlin Gold Years ended November 30, 2018 2017 2016 Balance – beginning of period $ 1,100 $ 951 $ 1,058 Share of losses Mineral property expenditures (8,785 ) (11,139 ) (8,689 ) Depreciation (13 ) (80 ) (130 ) (8,798 ) (11,219 ) (8,819 ) Funding 8,907 11,368 8,712 Balance – end of period $ 1,209 $ 1,100 $ 951 The following amounts represent the Company’s 50% Non-current assets: Mineral property $64,000, At November 30, 2018 2017 Current assets: Cash, prepaid expenses and other receivables $ 1,872 $ 2,075 Non-current assets: Property and equipment 10 23 Non-current assets: Mineral property 32,692 32,692 Current liabilities: Accounts payable and accrued liabilities (673 ) (998 ) Non-current liabilities: Reclamation obligation (692 ) (692 ) Net assets $ 33,209 $ 33,100

Note 7 - Other Assets

Note 7 - Other Assets	12 Months Ended
	Nov. 30, 2018
Notes to Financial Statements
Other Assets Disclosure [Text Block]	NOTE 7 At November 30, 2018 2017 Other current assets: Accounts and interest receivable $ 1,781 $ 303 Prepaid expenses 598 580 $ 2,379 $ 883 Other long-term assets: Marketable equity securities $ 839 $ 1,448 Office equipment 39 48 $ 878 $ 1,496

Note 8 - Promissory Note

Note 8 - Promissory Note	12 Months Ended
	Nov. 30, 2018
Notes to Financial Statements
Debt Disclosure [Text Block]	NOTE 8 The Company has a promissory note payable to Barrick of $96,501, $51,576, $44,925 2%. April 1, 2006 November 30, 2007. 85%

Note 9 - Fair Value Accounting

Note 9 - Fair Value Accounting	12 Months Ended
	Nov. 30, 2018
Notes to Financial Statements
Fair Value Disclosures [Text Block]	NOTE 9 Financial instruments measured at fair value are classified into one three three Level 1 — Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities; Level 2 — Quoted prices in markets that are not Level 3 — Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (supported by little or no The Company’s marketable equity securities are valued using quoted market prices in active markets and as such are classified within Level 1 $839 November 30, 2018 ( $1,448 November 30, 2017),

Note 10 - General and Administr

Note 10 - General and Administrative	12 Months Ended
	Nov. 30, 2018
Notes to Financial Statements
General and Administrative Expenses [Text Block]	NOTE 10 Years ended November 30, 2018 2017 2016 Share-based compensation (Note 13) $ 7,727 $ 10,293 $ 10,263 Salaries and benefits 6,531 6,470 6,167 Office expense 2,346 2,140 2,035 Professional fees 949 873 680 Corporate communications and regulatory 918 992 1,001 Depreciation 22 34 33 $ 18,493 $ 20,802 $ 20,179

Note 11 - Other Income (Expense

Note 11 - Other Income (Expense)	12 Months Ended
	Nov. 30, 2018
Notes to Financial Statements
Other Income and Other Expense Disclosure [Text Block]	NOTE 11 Years ended November 30, 2018 2017 2016 Interest income $ 1,998 $ 1,114 $ 877 Accretion of notes receivable 1,061 58 70 Interest expense on promissory note (6,461 ) (5,228 ) (4,551 ) Foreign exchange gain (loss) (171 ) (531 ) 182 Write-down of investments (76 ) – – $ (3,649 ) $ (4,587 ) $ (3,422 ) During 2018, $76. November 30, 2018, no

Note 12 - Income Taxes

Note 12 - Income Taxes	12 Months Ended
	Nov. 30, 2018
Notes to Financial Statements
Income Tax Disclosure [Text Block]	NOTE 12 Effective November 2, 2017, 11% 12%, January 1, 2018. 2018 26% 2017, 26.92% 2018, 27% 2019 The U.S. tax reform enacted on December 22, 2017, 35% 21% January 1, 2018. November 30, 2018. $73,135 236% December 31, 2017 November 30, 2018, $13,164 The Company’s Income tax expense Years ended November 30, 2018 2017 2016 Current: Canada $ – $ – $ – Foreign 446 350 346 446 350 346 Deferred: Canada – (43 ) (69 ) Foreign 80 – – 80 (43 ) (69 ) Income tax expense $ 526 $ 307 $ 277 The Company’s Loss before income tax and other items Years ended November 30, 2018 2017 2016 Canada $ (15,018 ) $ (18,825 ) $ (17,763 ) Foreign (15,922 ) (17,783 ) (14,657 ) $ (30,940 ) $ (36,608 ) $ (32,420 ) The Company’s Income tax expense Years ended November 30, 2018 2017 2016 Loss before income taxes and other items $ (30,940 ) $ (36,608 ) $ (32,420 ) Combined federal and provincial statutory tax rate 26.92 % 26 % 26 % Income tax recovery based on statutory income tax rates (8,329 ) (9,518 ) (8,429 ) Reconciling items: Effect of statutory tax rate change 73,135 (2,566 ) – Non-deductible expenditures 2,150 2,485 2,607 Foreign accrual property income 580 (439 ) 862 Effect of different statutory tax rates on earnings or losses of subsidiaries (574 ) (2,690 ) (2,218 ) Effect of tax losses expired – 8 6 Change in valuation allowance on deferred tax assets (66,466 ) 12,954 7,397 Other 30 73 52 Income tax expense $ 526 $ 307 $ 277 Components of the Company’s deferred income tax assets (liabilities) are as follows: At November 30, 2018 2017 Deferred tax income assets: Asset retirement obligation $ 52 $ 75 Net operating loss carry forwards 170,044 223,565 Capital loss carry forwards 48,062 32,988 Mineral properties 637 658 Intangible assets 472 488 Property and equipment 194 205 Investment in affiliates 31,934 44,484 Share issuance costs – 74 Unpaid interest expense 2,105 3,044 Unrealized loss on investments 380 329 Investment tax credit 30 31 Other 775 1,118 254,685 307,059 Valuation allowances (254,072 ) (306,851 ) 613 208 Deferred income tax liabilities: Investment tax credit (8 ) (9 ) Unrealized gain on investments – (22 ) Capitalized assets and other (685 ) (177 ) (693 ) (208 ) Net deferred income tax liabilities $ 80 $ – These amounts reflect the classification and presentation that is reported for each tax jurisdiction in which the Company operates. Net deferred income tax assets and liabilities consist of: At November 30, 2018 2017 Long-term deferred income tax: Assets $ – $ – Liabilities 80 – $ 80 $ – Net operating losses available to offset future taxable income are as follows: Year of Expiry U.S. Canada 2024 $ 1,032 $ – 2025 1,246 – 2026 13,382 18,682 2027 18,493 1,814 2028 85 – 2029 11,223 11,758 2030 10,916 15,646 2031 16,580 15,571 2032 309,772 19,003 2033 14,529 14,340 2034 15,607 7,563 2035 16,383 5,463 2036 14,764 8,095 2037 14,111 7,936 2038 – 7,342 Indefinite 13,164 – $ 471,287 $ 133,213 Under the U.S. tax reform, net operating losses arising in tax years ending after December 31, 2017 $355,162 November 30, 2017: $248,497 Future use of U.S. loss carry-forwards is subject to certain limitations under provisions of the Internal Revenue Code including limitations subject to Section 382, 50% three January 22, 2009 December 31, 2012 three may 382. may may may Management assesses the available positive and negative evidence to estimate if sufficient future taxable income will be generated to use the existing deferred tax asset. Significant pieces of objective negative evidence evaluated included the cumulative loss incurred as of November 30, 2018. November 30, 2018, $254,072 November 30, 2017: $306,851 not no may Uncertain tax position There were no November 30, 2018, 2017 2016. November 30, 2018, 2017 2016, no November 30, 2018 2014 2018 2015 2018

Note 13 - Share-based Compensat

Note 13 - Share-based Compensation	12 Months Ended
	Nov. 30, 2018
Notes to Financial Statements
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	NOTE 13 Share incentive awards include a stock option plan for directors, executives, employees and eligible consultants, a PSU plan for executives, employees and eligible consultants and a DSU plan for directors of the Company. Options granted to purchase common shares have exercise prices not November 30, 2018, 25.3 The Company recognized share-based compensation expense (see Note 10 Years ended November 30, 2018 2017 2016 Stock options $ 3,767 $ 5,496 $ 5,855 Performance share unit plan 3,783 4,588 4,184 Deferred share unit plan 177 209 224 $ 7,727 $ 10,293 $ 10,263 Stock options Stock options granted under the Company’s share-based incentive plans generally expire five one third first A summary of stock options outstanding as of November 30, 2018, November 30, 2018 Number of Weighted-average Weighted-average Aggregate November 30, 2017 17,551 $ 3.24 Granted 3,527 3.88 Exercised (2,672 ) 2.62 Expired (130 ) 3.38 Forfeited (393 ) 4.10 November 30, 2018 17,883 $ 3.36 2.00 $ 3,274 Vested and exercisable as of November 30, 2018 13,494 $ 3.14 1.43 $ 3,274 The following table summarizes other stock option-related information: Years ended November 30, 2018 2017 2016 Weighted-average assumptions used to value stock option awards: Expected volatility 50 % 50 % 54 % Expected term of options (years) 3 3 3 Expected dividend rate – – – Risk-free interest rate 1.8 % 1.2 % 0.5 % Expected forfeiture rate 2.3 % 2.5 % 3.0 % Weighted-average grant-date fair value $ 1.35 $ 1.60 $ 1.37 Intrinsic value of options exercised $ 3,744 $ 5,014 $ 1,510 Cash received from options exercised – – – As of November 30, 2018, $1,861 4,389,000 two Performance share units The Company has a PSU plan that provides for the issuance of PSUs in amounts as approved by the Company’s Compensation Committee. Each PSU award entitles the participant to receive one may 0% 150%. may 0% 150% no The value of each PSU granted is estimated at the grant date using a Monte Carlo simulation model. The Monte Carlo simulation model requires the input of subjective assumptions, including the share price volatility of the Company’s stock, as well as comparator index and the correlation of returns between the comparator index and the Company. Expected volatility is based on the historical volatility of the Company’s shares and the comparator index at the grant date. These estimates involve inherent uncertainties and the application of management’s judgment. As a result, if other assumptions had been used, our recorded share-based compensation expense would have been different from that reported. A summary of PSU awards outstanding and activity during the year ended November 30, 2018 Number of Weighted-average Aggregate November 30, 2017 2,176 $ 4.10 Granted 873 3.85 Expired (1,240 ) 3.48 Forfeited (12 ) 4.32 November 30, 2018 1,797 $ 4.39 $ 6,943 During 2018, 1,240,000 no November 30, 2018, 1,797,400 931,400 December 2018 82%, 866,000 $1,890 two The following table summarizes other PSU-related information: Years ended November 30, 2018 2017 2016 Performance multiplier on PSUs vested – % 113 % 140 % Common shares issued (thousands) – 1,513 1,377 Total fair value of common shares issued $ – $ 6,932 $ 5,151 Withholding tax paid on PSUs vested $ – $ 196 $ 4,275 Deferred share units The Company has a DSU plan that provides for the issuance of DSUs in amounts where the Directors receive half of their annual retainer in DSUs and have the option to elect to receive all or a portion of the other half of their annual retainer in DSUs. Each DSU entitles the Directors to receive one 45,103, 48,830 44,770 $4.07, $4.36 $4.92 2018, 2017 2016, 98,160, 27,536 nil 2018, 2017 2016, November 30, 2018, 254,633

Note 14 - Share Capital

Note 14 - Share Capital	12 Months Ended
	Nov. 30, 2018
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	NOTE 14 Common shares The Company is authorized to issue 1,000,000,000 323,222,840 November 30, 2018, 322,219,187 November 30, 2017. Preferred shares Pursuant to the Company’s Notice of Articles filed under the Business Corporations Act (British Columbia), the Company is authorized to issue 10,000,000 may one November 30, 2018 2017, no

Note 15 - Reclassifications Out

Note 15 - Reclassifications Out of Accumulated Other Comprehensive Income (Loss)	12 Months Ended
	Nov. 30, 2018
Notes to Financial Statements
Comprehensive Income (Loss) Note [Text Block]	NOTE 15 Unrealized gain Foreign Total November 30, 2017 $ 843 $ (7,018 ) $ (6,175 ) Change in other comprehensive income (loss) before reclassifications (541 ) (4,062 ) (4,603 ) Impairment of marketable equity securities net of $nil tax recovery (1) 76 – 76 Reclassification of cumulative foreign currency translation adjustments (Note 4) – (13,776 ) (13,776 ) Net current-period other comprehensive income (loss) (465 ) (17,838 ) (18,303 ) November 30, 2018 $ 378 $ (24,856 ) $ (24,478 ) ( 1 Accumulated other comprehensive income (loss Other income (expense) There were no Accumulated other comprehensive income (loss) 2017 2016.

Note 16 - Related Party Transac

Note 16 - Related Party Transactions	12 Months Ended
	Nov. 30, 2018
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	NOTE 16 The Company provided technical services to Donlin Gold LLC for $658 2018 $ nil 2017 2016 November 30, 2018, $247 November 30, 2017: $nil Other current assets The Company provided office rental and services to GCP for $nil 2018, $207 2017 $335 2016. November 30, 2017, $3,674 Non-current assets held for sale

Note 17 - Commitments and Conti

Note 17 - Commitments and Contingencies	12 Months Ended
	Nov. 30, 2018
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	NOTE 17 General Estimated losses from loss contingencies are accrued by a charge to income when information available prior to issuance of the financial statements indicates that it is probable that a liability could be incurred and the amount of the loss can be reasonably estimated. Legal expenses associated with the contingency are expensed as incurred. If a loss contingency is not Obligations under operating leases The Company leases certain assets, such as office equipment and office facilities, under operating leases expiring at various dates through 2023. $226 2019, $199 2020, $204 2021, $210 2022, $18 2023, $857.

Note 18 - Supplemental Cash Flo

Note 18 - Supplemental Cash Flow Information	12 Months Ended
	Nov. 30, 2018
Notes to Financial Statements
Cash Flow, Supplemental Disclosures [Text Block]	NOTE 18 Years ended November 30, 2018 2017 2016 Interest received $ 1,038 $ 1,101 $ 878 Income taxes paid $ 331 $ 343 $ 327 Non-cash Investing Activities During 2018, $88,398 4

Note 19 - Unaudited Supplementa

Note 19 - Unaudited Supplementary Data	12 Months Ended
	Nov. 30, 2018
Notes to Financial Statements
Quarterly Financial Information [Text Block]	NOTE 19 Quarterly data The following is a summary of selected quarterly financial information (unaudited): 2018 Q1 Q2 Q3 Q4 Loss from operations $ (6,526 ) $ (7,801 ) $ (6,922 ) $ (6,042 ) Net loss from continuing operations $ (7,962 ) $ (9,237 ) $ (8,043 ) $ (6,224 ) Net loss from discontinued operations (253 ) (394 ) (80,582 ) (70 ) Net loss $ (8,215 ) $ (9,631 ) $ (88,625 ) $ (6,294 ) Net loss per common share, basic and diluted Continuing operations $ (0.03 ) $ (0.03 ) $ (0.02 ) $ (0.02 ) Discontinued operations – – (0.25 ) – $ (0.03 ) $ (0.03 ) $ (0.27 ) $ (0.02 ) 2017 Q1 Q2 Q3 Q4 Loss from operations $ (8,813 ) $ (7,333 ) $ (7,811 ) $ (8,064 ) Net loss from continuing operations $ (9,993 ) $ (8,237 ) $ (9,781 ) $ (8,904 ) Net loss from discontinued operations (150 ) (225 ) (612 ) (1,114 ) Net loss $ (10,143 ) $ (8,462 ) $ (10,393 ) $ (10,018 ) Net loss per common share, basic and diluted Continuing operations $ (0.03 ) $ (0.03 ) $ (0.03 ) $ (0.03 ) Discontinued operations – – – – $ (0.03 ) $ (0.03 ) $ (0.03 ) $ (0.03 ) Significant after-tax items were as follows: Fourth quarter 2018: n/a Third quarter 2018: Loss on sale of Galore Creek, net of tax $80,026 $0.25 Second quarter 2018: n/a First quarter 2018: n/a Fourth quarter 2017: n/a Third quarter 2017: n/a Second quarter 2017: n/a First quarter 2017: n/a

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Nov. 30, 2018
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Presentation These Consolidated Financial Statements are presented in United States dollars and have been prepared in accordance with accounting principles generally accepted in the United States (US GAAP). References in these Consolidated Financial Statements and Notes to $ refer to United States dollars and C$ to Canadian dollars. Dollar amounts are in thousands, except for per share amounts.
Use of Estimates, Policy [Policy Text Block]	Use of estimates The preparation of the Company’s Consolidated Financial Statements in accordance with US GAAP requires the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the Consolidated Financial Statements and the reported amounts of expenses during the reporting period. The more significant areas requiring the use of management estimates and assumptions include: investments in affiliates; mineral properties; notes receivable; contingent notes receivable; income taxes; and share-based compensation. The Company bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances. Actual results could differ from the amounts estimated in these Consolidated Financial Statements.
Consolidation, Policy [Policy Text Block]	Principles of consolidation The Company’s Consolidated Financial Statements include NOVAGOLD RESOURCES INC. and its wholly-owned subsidiaries including, NOVAGOLD U.S. Holdings Inc., NOVAGOLD Resources Alaska Inc., NOVAGOLD USA, Inc., and AGC Resources Inc. All inter-company transactions and balances are eliminated on consolidation. The functional currency for the Company’s Canadian operations is the Canadian dollar and the functional currency for the Company’s U.S. operations is the U.S. dollar. Therefore, gains and losses on U.S. dollar denominated transactions and the effect of translating U.S. dollar denominated balances of Canadian operations are recorded in net loss. The effects of translating the Company’s Canadian operations from the Canadian dollar to the U.S. dollar are recorded in Other comprehensive income (loss).
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and cash equivalents Cash and cash equivalents consist of cash balances and highly liquid investments with original maturities of three
Term Deposits, Policy [Policy Text Block]	Term deposits The Company’s term deposits are classified as held to maturity and recorded at cost. Term deposits are held at Chartered Canadian banks with original maturities of 12 not
Equity Method Investments [Policy Text Block]	Investment in affiliates Investments in unconsolidated ventures over which the Company has the ability to exercise significant influence, but does not 50/50 not The equity method is a basis of accounting for investments whereby the investment is initially recorded at cost and the carrying value is adjusted thereafter to include the investor’s pro rata share of post-acquisition earnings or losses of the investee, as computed by the consolidation method. Cash funding increases the carrying value of the investment. Profit distributions received or receivable from an investee reduce the carrying value of the investment. Donlin Gold LLC is a non-publicly traded equity investee owning an exploration and development project. Therefore, the Company assesses whether there has been a potential impairment triggering event for other-than-temporary impairment by testing the underlying assets of the equity investee for recoverability and assessing whether there has been a change in the development plan or strategy for the project. If the underlying assets are not
Mineral Properties, Policy [Policy Text Block]	Mineral properties Mineral property expenditures are expensed as incurred except for expenditures associated with the acquisition of mineral property assets through a business combination or asset acquisition. The Company reviews and evaluates its mineral properties for impairment when events or changes in circumstances indicate that the related carrying amounts may not may
Income Tax, Policy [Policy Text Block]	Income taxes The Company accounts for income taxes using the liability method, recognizing certain temporary differences between the financial reporting basis of the Company’s liabilities and assets and the related income tax basis for such liabilities and assets. This method generates deferred income tax liabilities and assets for the Company, as measured by the statutory tax rates in effect. The Company derives its deferred income tax charge or benefit by recording the change in deferred income tax liabilities and asset balances for the year. The Company’s deferred income tax assets include certain future tax benefits. The Company records a valuation allowance against any portion of those deferred income tax assets when it believes, based on the weight of available evidence, it is more likely than not not
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]	Share-based payments The Company records share-based compensation awards exchanged for employee services at fair value on the date of the grant and expenses the awards in the Consolidated Statements of Loss over the requisite employee service period. The fair values of stock options are determined using a Black-Scholes option pricing model. The fair values of PSUs are determined using a Monte Carlo valuation model. The Company's estimates may not
Earnings Per Share, Policy [Policy Text Block]	Net income (loss) per common share Basic and diluted income (loss) per share are presented for Net income (loss). Basic income (loss) per share is computed by dividing Net income (loss) by the weighted-average number of outstanding common shares for the period. Diluted income per share reflects the potential dilution that could occur if securities or other contracts that may
Reclassification, Policy [Policy Text Block]	Reclassifications On July 25, 2018, 50% 40% July 27, 2018. November 30, 2017, 4.
New Accounting Pronouncements, Policy [Policy Text Block]	Recently adopted accounting pronouncements Compensation—Stock Compensation In May 2017, No. 2017 09 December 1, 2017, no Recently issued accounting pronouncements Restricted Cash In November 2016, No. 2016 18 December 15, 2017 December 1, 2018 not Statement of Cash Flows In August 2016, No. 2016 15 December 1, 2018, not December 1, 2018 not Leases In February 2016, No. 2016 02 September 2017 No. 2017 13, January 2018 No. 2018 01 July 2018 No. 2018 10 No. 2018 11. December 15, 2018, December 1, 2019. not Classification and Measurement of Financial Instruments In January 2016, No. 2016 01 February 2018 No. 2018 03. not not December 1, 2018. Accumulated other comprehensive loss Accumulated deficit November 30, 2018 $378 Accumulated deficit Fair Value Disclosure Requirements In August 2018, No. 2018 13 December 1, 2020,

Note 4 - Discontinued Operati_2

Note 4 - Discontinued Operations (Tables)	12 Months Ended
	Nov. 30, 2018
Notes Tables
Disposal Groups, Including Discontinued Operations [Table Text Block]	Years ended November 30, 2018 2017 2016 Equity loss – Galore Creek $ (1,203 ) $ (1,676 ) $ (1,149 ) Income tax expense – (425 ) – Galore Creek operations, net of tax (1,203 ) (2,101 ) (1,149 ) Loss on sale of Galore Creek, net of tax (80,096 ) – – $ (81,299 ) $ (2,101 ) $ (1,149 ) Cash consideration received on closing $ 100,000 Refund of reclamation deposits 4,897 Less closing costs (721 ) 104,176 Fair value of notes receivable (Note 5) 88,398 Net proceeds 192,574 Less book values: Investment in GCP (248,367 ) Copper Canyon mineral property (44,577 ) Reclamation deposits (4,967 ) Reclassification of cumulative foreign currency translation adjustments 13,776 Deferred income tax recovery 11,465 $ (80,096 ) Years ended November 30, 2018 2017 2016 Funding of GCP $ (1,475 ) $ (1,600 ) $ (1,020 ) Net cash proceeds received 99,279 – – Reclamation deposits 4,644 (203 ) – Exploration tax credit – – 1,516 $ 102,448 $ (1,803 ) $ 496 Non-current assets held for sale: Investment in GCP $ 251,461 Copper Canyon mineral property 45,179 Reclamation deposits 5,035 Deferred income tax assets 9,553 $ 311,228 Non-current liabilities held for sale: Deferred income tax liabilities $ 21,170
Galore Creek [Member]
Notes Tables
Equity Method Investments [Table Text Block]	Years ended November 30, 2018 2017 2016 Balance – beginning of period $ 251,461 $ 241,404 $ 242,906 Share of losses Mineral property expenditures – (48 ) (169 ) Care and maintenance expense (1,203 ) (1,628 ) (980 ) (1,203 ) (1,676 ) (1,149 ) Funding 1,475 1,600 1,020 Foreign currency translation (3,366 ) 10,133 (1,373 ) Sale of investment in GCP (248,367 ) – – Balance – end of period $ – $ 251,461 $ 241,404 Current assets: Cash, prepaid expenses and other receivables $ 197 Non-current assets: Mineral property 226,561 Current liabilities: Accounts payable and accrued liabilities (237 ) Non-current liabilities: Reclamation obligation (7,645 ) Net assets $ 218,876

Note 6 - Investment in Donlin_2

Note 6 - Investment in Donlin Gold (Tables)	12 Months Ended
	Nov. 30, 2018
Donlin Gold [Member]
Notes Tables
Equity Method Investments [Table Text Block]	Years ended November 30, 2018 2017 2016 Balance – beginning of period $ 1,100 $ 951 $ 1,058 Share of losses Mineral property expenditures (8,785 ) (11,139 ) (8,689 ) Depreciation (13 ) (80 ) (130 ) (8,798 ) (11,219 ) (8,819 ) Funding 8,907 11,368 8,712 Balance – end of period $ 1,209 $ 1,100 $ 951 At November 30, 2018 2017 Current assets: Cash, prepaid expenses and other receivables $ 1,872 $ 2,075 Non-current assets: Property and equipment 10 23 Non-current assets: Mineral property 32,692 32,692 Current liabilities: Accounts payable and accrued liabilities (673 ) (998 ) Non-current liabilities: Reclamation obligation (692 ) (692 ) Net assets $ 33,209 $ 33,100

Note 7 - Other Assets (Tables)

Note 7 - Other Assets (Tables)	12 Months Ended
	Nov. 30, 2018
Notes Tables
Schedule of Other Assets [Table Text Block]	At November 30, 2018 2017 Other current assets: Accounts and interest receivable $ 1,781 $ 303 Prepaid expenses 598 580 $ 2,379 $ 883 Other long-term assets: Marketable equity securities $ 839 $ 1,448 Office equipment 39 48 $ 878 $ 1,496

Note 10 - General and Adminis_2

Note 10 - General and Administrative (Tables)	12 Months Ended
	Nov. 30, 2018
Notes Tables
General and Administrative Expenses [Table Text Block]	Years ended November 30, 2018 2017 2016 Share-based compensation (Note 13) $ 7,727 $ 10,293 $ 10,263 Salaries and benefits 6,531 6,470 6,167 Office expense 2,346 2,140 2,035 Professional fees 949 873 680 Corporate communications and regulatory 918 992 1,001 Depreciation 22 34 33 $ 18,493 $ 20,802 $ 20,179

Note 11 - Other Income (Expen_2

Note 11 - Other Income (Expense) (Tables)	12 Months Ended
	Nov. 30, 2018
Notes Tables
Schedule of Other Nonoperating Income (Expense) [Table Text Block]	Years ended November 30, 2018 2017 2016 Interest income $ 1,998 $ 1,114 $ 877 Accretion of notes receivable 1,061 58 70 Interest expense on promissory note (6,461 ) (5,228 ) (4,551 ) Foreign exchange gain (loss) (171 ) (531 ) 182 Write-down of investments (76 ) – – $ (3,649 ) $ (4,587 ) $ (3,422 )

Note 12 - Income Taxes (Tables)

Note 12 - Income Taxes (Tables)	12 Months Ended
	Nov. 30, 2018
Notes Tables
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	Years ended November 30, 2018 2017 2016 Current: Canada $ – $ – $ – Foreign 446 350 346 446 350 346 Deferred: Canada – (43 ) (69 ) Foreign 80 – – 80 (43 ) (69 ) Income tax expense $ 526 $ 307 $ 277
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]	Years ended November 30, 2018 2017 2016 Canada $ (15,018 ) $ (18,825 ) $ (17,763 ) Foreign (15,922 ) (17,783 ) (14,657 ) $ (30,940 ) $ (36,608 ) $ (32,420 )
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	Years ended November 30, 2018 2017 2016 Loss before income taxes and other items $ (30,940 ) $ (36,608 ) $ (32,420 ) Combined federal and provincial statutory tax rate 26.92 % 26 % 26 % Income tax recovery based on statutory income tax rates (8,329 ) (9,518 ) (8,429 ) Reconciling items: Effect of statutory tax rate change 73,135 (2,566 ) – Non-deductible expenditures 2,150 2,485 2,607 Foreign accrual property income 580 (439 ) 862 Effect of different statutory tax rates on earnings or losses of subsidiaries (574 ) (2,690 ) (2,218 ) Effect of tax losses expired – 8 6 Change in valuation allowance on deferred tax assets (66,466 ) 12,954 7,397 Other 30 73 52 Income tax expense $ 526 $ 307 $ 277
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	At November 30, 2018 2017 Deferred tax income assets: Asset retirement obligation $ 52 $ 75 Net operating loss carry forwards 170,044 223,565 Capital loss carry forwards 48,062 32,988 Mineral properties 637 658 Intangible assets 472 488 Property and equipment 194 205 Investment in affiliates 31,934 44,484 Share issuance costs – 74 Unpaid interest expense 2,105 3,044 Unrealized loss on investments 380 329 Investment tax credit 30 31 Other 775 1,118 254,685 307,059 Valuation allowances (254,072 ) (306,851 ) 613 208 Deferred income tax liabilities: Investment tax credit (8 ) (9 ) Unrealized gain on investments – (22 ) Capitalized assets and other (685 ) (177 ) (693 ) (208 ) Net deferred income tax liabilities $ 80 $ – At November 30, 2018 2017 Long-term deferred income tax: Assets $ – $ – Liabilities 80 – $ 80 $ –
Summary of Operating Loss Carryforwards [Table Text Block]	Year of Expiry U.S. Canada 2024 $ 1,032 $ – 2025 1,246 – 2026 13,382 18,682 2027 18,493 1,814 2028 85 – 2029 11,223 11,758 2030 10,916 15,646 2031 16,580 15,571 2032 309,772 19,003 2033 14,529 14,340 2034 15,607 7,563 2035 16,383 5,463 2036 14,764 8,095 2037 14,111 7,936 2038 – 7,342 Indefinite 13,164 – $ 471,287 $ 133,213

Note 13 - Share-based Compens_2

Note 13 - Share-based Compensation (Tables)	12 Months Ended
	Nov. 30, 2018
Notes Tables
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]	Years ended November 30, 2018 2017 2016 Stock options $ 3,767 $ 5,496 $ 5,855 Performance share unit plan 3,783 4,588 4,184 Deferred share unit plan 177 209 224 $ 7,727 $ 10,293 $ 10,263
Share-based Compensation, Stock Options, Activity [Table Text Block]	Number of Weighted-average Weighted-average Aggregate November 30, 2017 17,551 $ 3.24 Granted 3,527 3.88 Exercised (2,672 ) 2.62 Expired (130 ) 3.38 Forfeited (393 ) 4.10 November 30, 2018 17,883 $ 3.36 2.00 $ 3,274 Vested and exercisable as of November 30, 2018 13,494 $ 3.14 1.43 $ 3,274
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	Years ended November 30, 2018 2017 2016 Weighted-average assumptions used to value stock option awards: Expected volatility 50 % 50 % 54 % Expected term of options (years) 3 3 3 Expected dividend rate – – – Risk-free interest rate 1.8 % 1.2 % 0.5 % Expected forfeiture rate 2.3 % 2.5 % 3.0 % Weighted-average grant-date fair value $ 1.35 $ 1.60 $ 1.37 Intrinsic value of options exercised $ 3,744 $ 5,014 $ 1,510 Cash received from options exercised – – –
Schedule of Share-based Compensation, Performance Share Units, Activity [Table Text Block]	Number of Weighted-average Aggregate November 30, 2017 2,176 $ 4.10 Granted 873 3.85 Expired (1,240 ) 3.48 Forfeited (12 ) 4.32 November 30, 2018 1,797 $ 4.39 $ 6,943
Other PSU-related Information [Table Text Block]	Years ended November 30, 2018 2017 2016 Performance multiplier on PSUs vested – % 113 % 140 % Common shares issued (thousands) – 1,513 1,377 Total fair value of common shares issued $ – $ 6,932 $ 5,151 Withholding tax paid on PSUs vested $ – $ 196 $ 4,275

Note 15 - Reclassifications O_2

Note 15 - Reclassifications Out of Accumulated Other Comprehensive Income (Loss) (Tables)	12 Months Ended
	Nov. 30, 2018
Notes Tables
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	Unrealized gain Foreign Total November 30, 2017 $ 843 $ (7,018 ) $ (6,175 ) Change in other comprehensive income (loss) before reclassifications (541 ) (4,062 ) (4,603 ) Impairment of marketable equity securities net of $nil tax recovery (1) 76 – 76 Reclassification of cumulative foreign currency translation adjustments (Note 4) – (13,776 ) (13,776 ) Net current-period other comprehensive income (loss) (465 ) (17,838 ) (18,303 ) November 30, 2018 $ 378 $ (24,856 ) $ (24,478 )

Note 18 - Supplemental Cash F_2

Note 18 - Supplemental Cash Flow Information (Tables)	12 Months Ended
	Nov. 30, 2018
Notes Tables
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]	Years ended November 30, 2018 2017 2016 Interest received $ 1,038 $ 1,101 $ 878 Income taxes paid $ 331 $ 343 $ 327

Note 19 - Unaudited Supplemen_2

Note 19 - Unaudited Supplementary Data (Tables)	12 Months Ended
	Nov. 30, 2018
Notes Tables
Quarterly Financial Information [Table Text Block]	2018 Q1 Q2 Q3 Q4 Loss from operations $ (6,526 ) $ (7,801 ) $ (6,922 ) $ (6,042 ) Net loss from continuing operations $ (7,962 ) $ (9,237 ) $ (8,043 ) $ (6,224 ) Net loss from discontinued operations (253 ) (394 ) (80,582 ) (70 ) Net loss $ (8,215 ) $ (9,631 ) $ (88,625 ) $ (6,294 ) Net loss per common share, basic and diluted Continuing operations $ (0.03 ) $ (0.03 ) $ (0.02 ) $ (0.02 ) Discontinued operations – – (0.25 ) – $ (0.03 ) $ (0.03 ) $ (0.27 ) $ (0.02 ) 2017 Q1 Q2 Q3 Q4 Loss from operations $ (8,813 ) $ (7,333 ) $ (7,811 ) $ (8,064 ) Net loss from continuing operations $ (9,993 ) $ (8,237 ) $ (9,781 ) $ (8,904 ) Net loss from discontinued operations (150 ) (225 ) (612 ) (1,114 ) Net loss $ (10,143 ) $ (8,462 ) $ (10,393 ) $ (10,018 ) Net loss per common share, basic and diluted Continuing operations $ (0.03 ) $ (0.03 ) $ (0.03 ) $ (0.03 ) Discontinued operations – – – – $ (0.03 ) $ (0.03 ) $ (0.03 ) $ (0.03 )

Note 1 - The Company (Details T

Note 1 - The Company (Details Textual) - USD ($) $ in Thousands	Jul. 27, 2018	Nov. 30, 2018
Revenues, Total		$ 0
GCP [Member]
Discontinued Operation, Ownership Percentage, Sold	50.00%
Copper Canyon Property [Member]
Discontinued Operation, Ownership Percentage, Sold	40.00%
Donlin Gold [Member]
Equity Method Investment, Ownership Percentage		50.00%

Note 2 - Summary of Significa_2

Note 2 - Summary of Significant Accounting Policies (Details Textual) - USD ($) $ in Thousands	Jul. 27, 2018	Dec. 01, 2018
Retained Earnings [Member] | Accounting Standards Update 2016-01 [Member] | Subsequent Event [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption		$ 378
AOCI Attributable to Parent [Member] | Accounting Standards Update 2016-01 [Member] | Subsequent Event [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption		$ (378)
GCP [Member]
Discontinued Operation, Ownership Percentage, Sold	50.00%
Copper Canyon Property [Member]
Discontinued Operation, Ownership Percentage, Sold	40.00%

Note 4 - Discontinued Operati_3

Note 4 - Discontinued Operations (Details Textual) $ in Thousands	Jul. 27, 2018USD ($)	Nov. 30, 2018USD ($)
Financing Receivable, Net, Total		$ 89,459
Galore Creek [Member]
Equity Method Investment, Ownership Percentage		50.00%
Unconsolidated Ventures, Number of Directors		4
Unconsolidated Ventures, Number of Directors, Selected By the Reporting Entity		2
Galore Creek [Member] | Teck [Member]
Equity Method Investment, Ownership Percentage		50.00%
Unconsolidated Ventures, Number of Directors, Selected By the Reporting Entity		2
Note Receivable Upon Completion of Galore Creek Project Pre-feasibility [Member]
Financing Receivable, Net, Total	$ 75,000
Note Receivable Upon Completion of Galore Creek Project Feasibility [Member]
Financing Receivable, Net, Total	25,000
Note Receivable Upon Approval of Galore Creek Project Construction Plan [Member]
Financing Receivable, Net, Total	$ 75,000
GCP [Member]
Discontinued Operation, Ownership Percentage, Sold	50.00%
Galore Creek [Member]
Proceeds from Divestiture of Interest in Subsidiaries and Affiliates, Total	$ 100,000

Note 4 - Discontinued Operati_4

Note 4 - Discontinued Operations - Net Loss From Discontinued Operations (Details) - USD ($) $ in Thousands	Jul. 27, 2018	Nov. 30, 2018	Aug. 31, 2018	May 31, 2018	Feb. 28, 2018	Nov. 30, 2017		Aug. 31, 2017	May 31, 2017	Feb. 28, 2017	Nov. 30, 2018	Nov. 30, 2017		Nov. 30, 2016
		$ (70)	$ (80,582)	$ (394)	$ (253)	$ (1,114)		$ (612)	$ (225)	$ (150)	$ (81,299)	$ (2,101)	[1],[2]	$ (1,149)	[1],[2]
											102,448	(1,803)	[2]	496	[2]
						311,228	[3]					311,228	[3]
Galore Creek [Member]
Cash consideration received on closing	$ 100,000
Galore Creek [Member] | Discontinued Operations, Disposed of by Sale [Member]
Equity loss – Galore Creek											(1,203)
Income tax expense
Galore Creek operations, net of tax											(1,203)
Loss on sale of Galore Creek, net of tax			$ (80,026)								(80,096)
											(81,299)
Cash consideration received on closing											100,000
Refund of reclamation deposits											4,897
Less closing costs											(721)
											104,176
Fair value of notes receivable (Note 5)											88,398
Net proceeds											192,574
Reclamation deposits											(4,967)
Reclassification of cumulative foreign currency translation adjustments											13,776
Deferred income tax recovery											11,465
Funding of GCP											(1,475)	(1,600)		(1,020)
Net cash proceeds received											99,279
Reclamation deposits											4,644	(203)
Exploration tax credit														1,516
											102,448	(1,803)		496
Galore Creek [Member] | Discontinued Operations, Disposed of by Sale [Member] | GCP [Member]
Investment in GCP											(248,367)
Galore Creek [Member] | Discontinued Operations, Disposed of by Sale [Member] | Copper Canyon Property [Member]
Copper Canyon mineral property											$ (44,577)
Galore Creek [Member] | Discontinued Operations, Held-for-sale [Member]
Equity loss – Galore Creek												(1,676)		(1,149)
Income tax expense												425
Galore Creek operations, net of tax												(2,101)		(1,149)
Loss on sale of Galore Creek, net of tax
												(2,101)		$ (1,149)
Reclamation deposits						5,035						5,035
Deferred income tax assets						9,553						9,553
						311,228						311,228
Deferred income tax liabilities						21,170						21,170
Galore Creek [Member] | Discontinued Operations, Held-for-sale [Member] | GCP [Member]
Investment in GCP						251,461						251,461
Galore Creek [Member] | Discontinued Operations, Held-for-sale [Member] | Copper Canyon Property [Member]
Copper Canyon mineral property						$ 45,179						$ 45,179
[1]	See note 4 - Discontinued operations
[2]	See note 4 - Discontinued operations
[3]	See note 4 - Discontinued operations

Note 4 - Discontinued Operati_5

Note 4 - Discontinued Operations - Summary of the Company's Investment in GCP (Details) - USD ($) $ in Thousands	12 Months Ended
	Nov. 30, 2018	Nov. 30, 2017		Nov. 30, 2016
	$ (8,798)	$ (11,219)	[1],[2]	$ (8,819)	[1],[2]
Galore Creek [Member]
Balance	251,461	241,404		242,906
Mineral property expenditures		(48)		(169)
Care and maintenance expense	(1,203)	(1,628)		(980)
	(1,203)	(1,676)		(1,149)
Funding	1,475	1,600		1,020
Foreign currency translation	(3,366)	10,133		(1,373)
Investment in GCP	(248,367)
Balance		$ 251,461		$ 241,404
Current assets: Cash, prepaid expenses and other receivables	197
Non-current assets: Mineral property	226,561
Current liabilities: Accounts payable and accrued liabilities	(237)
Non-current liabilities: Reclamation obligation	(7,645)
Net assets	$ 218,876
[1]	See note 4 - Discontinued operations
[2]	See note 4 - Discontinued operations

Note 5 - Notes Receivable (Deta

Note 5 - Notes Receivable (Details Textual) - USD ($) $ in Thousands	Jul. 27, 2018	Nov. 30, 2018
Financing Receivable, Net, Total		$ 89,459
Notes Receivable, Fair Value Disclosure	$ 88,398
Financing Receivable, Accumulated Accretion		1,061
Note Receivable Upon Completion of Galore Creek Project Pre-feasibility [Member]
Financing Receivable, Net, Total	75,000
Notes Receivable, Fair Value Disclosure	$ 75,000
Receivable Instrument, Term	3 years
Note Receivable Upon Completion of Galore Creek Project Feasibility [Member]
Financing Receivable, Net, Total	$ 25,000
Notes Receivable, Fair Value Disclosure	$ 25,000
Receivable Instrument, Term	5 years
Receivable Instrument, Discount Rate	3.60%
Note Receivable Upon Approval of Galore Creek Project Construction Plan [Member]
Financing Receivable, Net, Total	$ 75,000
Notes Receivable, Fair Value Disclosure		$ 0

Note 6 - Investment in Donlin_3

Note 6 - Investment in Donlin Gold (Details Textual) - Donlin Gold [Member] $ in Millions	Nov. 30, 2018USD ($)
Equity Method Investment, Ownership Percentage	50.00%
Unconsolidated Ventures, Number of Directors	4
Unconsolidated Ventures, Number of Directors, Selected By the Reporting Entity	2
Equity Method Investment, Aggregate Cost	$ 64
Barrick [Member]
Unconsolidated Ventures, Number of Directors Selected By Venture Partners	2
Barrick [Member]
Equity Method Investment, Ownership Percentage	50.00%

Note 6 - Investment in Donlin_4

Note 6 - Investment in Donlin Gold - Summary of the Company's Investment in Donlin Gold LLC (Details) - USD ($) $ in Thousands	12 Months Ended
	Nov. 30, 2018	Nov. 30, 2017		Nov. 30, 2016
	$ (8,798)	$ (11,219)	[1],[2]	$ (8,819)	[1],[2]
Donlin Gold [Member]
Balance	1,100	951		1,058
Mineral property expenditures	(8,785)	(11,139)		(8,689)
Depreciation	(13)	(80)		(130)
	(8,798)	(11,219)		(8,819)
Funding	8,907	11,368		8,712
Balance	1,209	1,100		$ 951
Current assets: Cash, prepaid expenses and other receivables	1,872	2,075
Non-current assets: Property and equipment	10	23
Non-current assets: Mineral property	32,692	32,692
Current liabilities: Accounts payable and accrued liabilities	(673)	(998)
Non-current liabilities: Reclamation obligation	(692)	(692)
Net assets	$ 33,209	$ 33,100
[1]	See note 4 - Discontinued operations
[2]	See note 4 - Discontinued operations

Note 7 - Other Assets - Carryin

Note 7 - Other Assets - Carrying Amounts of Other Assets (Details) - USD ($) $ in Thousands	Nov. 30, 2018	Nov. 30, 2017
Accounts and interest receivable	$ 1,781	$ 303
Prepaid expenses	598	580
	2,379	883	[1]
Marketable equity securities	839	1,448
Office equipment	39	48
	$ 878	$ 1,496	[1]
[1]	See note 4 - Discontinued operations

Note 8 - Promissory Note (Detai

Note 8 - Promissory Note (Details Textual) - Barrick [Member] - Notes Payable, Other Payables [Member] $ in Thousands	12 Months Ended
	Nov. 30, 2018USD ($)
Notes Payable, Total	$ 96,501
Debt Instrument, Face Amount	51,576
Interest Payable	$ 44,925
Percentage of Specified Revenue from Which the Promissory Note and Accrued Interest Are Payable	85.00%
Prime Rate [Member]
Debt Instrument, Basis Spread on Variable Rate	2.00%

Note 9 - Fair Value Accounting

Note 9 - Fair Value Accounting (Details Textual) - USD ($) $ in Thousands	Nov. 30, 2018	Nov. 30, 2017
Fair Value, Inputs, Level 1 [Member]
Available-for-sale Securities, Equity Securities	$ 839	$ 1,448

Note 10 - General and Adminis_3

Note 10 - General and Administrative - Summary of General and Administrative Expenses (Details) - USD ($) $ in Thousands		12 Months Ended
		Nov. 30, 2018	Nov. 30, 2017		Nov. 30, 2016
Share-based compensation (Note 13)		$ 7,727	$ 10,293	[1]	$ 10,263	[1]
Salaries and benefits		6,531	6,470		6,167
Office expense		2,346	2,140		2,035
Professional fees		949	873		680
Corporate communications and regulatory		918	992		1,001
Depreciation		22	34		33
	[2]	$ 18,493	$ 20,802		$ 20,179
[1]	See note 4 - Discontinued operations
[2]	See note 4 - Discontinued operations

Note 11 - Other Income (Expen_3

Note 11 - Other Income (Expense) (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Nov. 30, 2018	Nov. 30, 2017	[1]	Nov. 30, 2016	[1]
Other than Temporary Impairment Losses, Investments, Total	$ 76
Marketable Securities, Unrealized Gain (Loss), Total	$ 0
[1]	See note 4 - Discontinued operations

Note 11 - Other Income (Expen_4

Note 11 - Other Income (Expense) - Summary of Other Income (Expense) (Details) - USD ($) $ in Thousands	12 Months Ended
	Nov. 30, 2018	Nov. 30, 2017		Nov. 30, 2016
Interest income	$ 1,998	$ 1,114		$ 877
Accretion of notes receivable	1,061	58		70
Interest expense on promissory note	(6,461)	(5,228)		(4,551)
Foreign exchange gain (loss)	(171)	(531)		182
Write-down of investments	(76)		[1]		[1]
	$ (3,649)	$ (4,587)	[2]	$ (3,422)	[2]
[1]	See note 4 - Discontinued operations
[2]	See note 4 - Discontinued operations

Note 12 - Income Taxes (Details

Note 12 - Income Taxes (Details Textual) - USD ($) $ in Thousands	Dec. 22, 2017	Nov. 01, 2017	Nov. 30, 2019	Dec. 31, 2018	Nov. 30, 2018	Nov. 30, 2017	Nov. 30, 2016	Nov. 30, 2018
Effective Income Tax Rate Reconciliation, Combined Federal and Provincial Statutory Income Tax Rate, Percent					26.92%	26.00%	26.00%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	35.00%			21.00%
Income Tax Expense (Benefit), Continuing Operations, Adjustment of Deferred Tax (Asset) Liability					$ 73,135
Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Percent					236.00%
Deferred Tax Assets, Valuation Allowance, Total					$ 254,072	$ 306,851		$ 254,072
Unrecognized Tax Benefits, Ending Balance					0	0	$ 0	0
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued, Total					$ 0	0	$ 0	0
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Percent					(236.00%)
Capital Loss Carryforward [Member]
Tax Credit Carryforward, Amount					$ 355,162	$ 248,497		355,162
Indefinite [Member]
Operating Loss Carryforwards, Total					$ 13,164			$ 13,164
Scenario, Forecast [Member]
Effective Income Tax Rate Reconciliation, Combined Federal and Provincial Statutory Income Tax Rate, Percent			27.00%
Tax and Revenue Administration, British Columbia [Member]
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Percent		11.00%						12.00%

Note 12 - Income Taxes - Compon

Note 12 - Income Taxes - Components of Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Nov. 30, 2018	Nov. 30, 2017		Nov. 30, 2016
Current:
Canada
Foreign	446	350		346
	446	350		346
Deferred:
Canada		(43)		(69)
Foreign	80
	80	(43)	[1]	(69)	[1]
Income tax expense	$ 526	$ 307	[2]	$ 277	[2]
[1]	See note 4 - Discontinued operations
[2]	See note 4 - Discontinued operations

Note 12 - Income Taxes - Loss B

Note 12 - Income Taxes - Loss Before Income Tax (Details) - USD ($) $ in Thousands	12 Months Ended
	Nov. 30, 2018	Nov. 30, 2017		Nov. 30, 2016
Canada	$ (15,018)	$ (18,825)		$ (17,763)
Foreign	(15,922)	(17,783)		(14,657)
	$ (30,940)	$ (36,608)	[1]	$ (32,420)	[1]
[1]	See note 4 - Discontinued operations

Note 12 - Income Taxes - Effect

Note 12 - Income Taxes - Effective Income Tax Rate Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Nov. 30, 2018	Nov. 30, 2017		Nov. 30, 2016
Loss before income taxes and other items	$ (30,940)	$ (36,608)	[1]	$ (32,420)	[1]
Combined federal and provincial statutory tax rate	26.92%	26.00%		26.00%
Income tax recovery based on statutory income tax rates	$ (8,329)	$ (9,518)		$ (8,429)
Reconciling items:
Effect of statutory tax rate change	73,135	(2,566)
Non-deductible expenditures	2,150	2,485		2,607
Foreign accrual property income	580	(439)		862
Effect of different statutory tax rates on earnings or losses of subsidiaries	(574)	(2,690)		(2,218)
Effect of tax losses expired		8		6
Change in valuation allowance on deferred tax assets	(66,466)	12,954		7,397
Other	30	73		52
Income tax expense	$ 526	$ 307	[1]	$ 277	[1]
[1]	See note 4 - Discontinued operations

Note 12 - Income Taxes - Comp_2

Note 12 - Income Taxes - Components of the Company's Deferred Income Tax Assets (Liabilities) (Details) - USD ($) $ in Thousands	Nov. 30, 2018	Nov. 30, 2017
Asset retirement obligation	$ 52	$ 75
Net operating loss carry forwards	170,044	223,565
Capital loss carry forwards	48,062	32,988
Mineral properties	637	658
Intangible assets	472	488
Property and equipment	194	205
Investment in affiliates	31,934	44,484
Share issuance costs		74
Unpaid interest expense	2,105	3,044
Unrealized loss on investments	380	329
Investment tax credit	30	31
Other	775	1,118
	254,685	307,059
Valuation allowances	(254,072)	(306,851)
	613	208
Investment tax credit	(8)	(9)
Unrealized gain on investments		(22)
Capitalized assets and other	(685)	(177)
	(693)	(208)
Net deferred income tax liabilities	80
Long-term deferred income tax:
Assets
Liabilities	80
	$ 80

Note 12 - Income Taxes - Summar

Note 12 - Income Taxes - Summary of Operating Loss Carryforwards (Details) $ in Thousands	Nov. 30, 2018USD ($)
Indefinite [Member]
Net operating loss carry-forwards	$ 13,164
Foreign Tax Authority [Member] | Internal Revenue Service (IRS) [Member]
Net operating loss carry-forwards	471,287
Foreign Tax Authority [Member] | Internal Revenue Service (IRS) [Member] | Expiring in 2024 [Member]
Net operating loss carry-forwards	1,032
Foreign Tax Authority [Member] | Internal Revenue Service (IRS) [Member] | Expiring in 2025 [Member]
Net operating loss carry-forwards	1,246
Foreign Tax Authority [Member] | Internal Revenue Service (IRS) [Member] | Expiring in 2026 [Member]
Net operating loss carry-forwards	13,382
Foreign Tax Authority [Member] | Internal Revenue Service (IRS) [Member] | Expiring in 2027 [Member]
Net operating loss carry-forwards	18,493
Foreign Tax Authority [Member] | Internal Revenue Service (IRS) [Member] | Expiring in 2028 [Member]
Net operating loss carry-forwards	85
Foreign Tax Authority [Member] | Internal Revenue Service (IRS) [Member] | Expiring in 2029 [Member]
Net operating loss carry-forwards	11,223
Foreign Tax Authority [Member] | Internal Revenue Service (IRS) [Member] | Expiring in 2030 [Member]
Net operating loss carry-forwards	10,916
Foreign Tax Authority [Member] | Internal Revenue Service (IRS) [Member] | Expiring in 2031 [Member]
Net operating loss carry-forwards	16,580
Foreign Tax Authority [Member] | Internal Revenue Service (IRS) [Member] | Expiring in 2032 [Member]
Net operating loss carry-forwards	309,772
Foreign Tax Authority [Member] | Internal Revenue Service (IRS) [Member] | Expiring in 2033 [Member]
Net operating loss carry-forwards	14,529
Foreign Tax Authority [Member] | Internal Revenue Service (IRS) [Member] | Expiring in 2034 [Member]
Net operating loss carry-forwards	15,607
Foreign Tax Authority [Member] | Internal Revenue Service (IRS) [Member] | Expiring in 2035 [Member]
Net operating loss carry-forwards	16,383
Foreign Tax Authority [Member] | Internal Revenue Service (IRS) [Member] | Expiring in 2036 [Member]
Net operating loss carry-forwards	14,764
Foreign Tax Authority [Member] | Internal Revenue Service (IRS) [Member] | Expiring in 2037 [Member]
Net operating loss carry-forwards	14,111
Foreign Tax Authority [Member] | Internal Revenue Service (IRS) [Member] | Expiring in 2038 [Member]
Net operating loss carry-forwards
Foreign Tax Authority [Member] | Internal Revenue Service (IRS) [Member] | Indefinite [Member]
Net operating loss carry-forwards	13,164
Domestic Tax Authority [Member] | Canada Revenue Agency [Member]
Net operating loss carry-forwards	133,213
Domestic Tax Authority [Member] | Canada Revenue Agency [Member] | Expiring in 2024 [Member]
Net operating loss carry-forwards
Domestic Tax Authority [Member] | Canada Revenue Agency [Member] | Expiring in 2025 [Member]
Net operating loss carry-forwards
Domestic Tax Authority [Member] | Canada Revenue Agency [Member] | Expiring in 2026 [Member]
Net operating loss carry-forwards	18,682
Domestic Tax Authority [Member] | Canada Revenue Agency [Member] | Expiring in 2027 [Member]
Net operating loss carry-forwards	1,814
Domestic Tax Authority [Member] | Canada Revenue Agency [Member] | Expiring in 2028 [Member]
Net operating loss carry-forwards
Domestic Tax Authority [Member] | Canada Revenue Agency [Member] | Expiring in 2029 [Member]
Net operating loss carry-forwards	11,758
Domestic Tax Authority [Member] | Canada Revenue Agency [Member] | Expiring in 2030 [Member]
Net operating loss carry-forwards	15,646
Domestic Tax Authority [Member] | Canada Revenue Agency [Member] | Expiring in 2031 [Member]
Net operating loss carry-forwards	15,571
Domestic Tax Authority [Member] | Canada Revenue Agency [Member] | Expiring in 2032 [Member]
Net operating loss carry-forwards	19,003
Domestic Tax Authority [Member] | Canada Revenue Agency [Member] | Expiring in 2033 [Member]
Net operating loss carry-forwards	14,340
Domestic Tax Authority [Member] | Canada Revenue Agency [Member] | Expiring in 2034 [Member]
Net operating loss carry-forwards	7,563
Domestic Tax Authority [Member] | Canada Revenue Agency [Member] | Expiring in 2035 [Member]
Net operating loss carry-forwards	5,463
Domestic Tax Authority [Member] | Canada Revenue Agency [Member] | Expiring in 2036 [Member]
Net operating loss carry-forwards	8,095
Domestic Tax Authority [Member] | Canada Revenue Agency [Member] | Expiring in 2037 [Member]
Net operating loss carry-forwards	7,936
Domestic Tax Authority [Member] | Canada Revenue Agency [Member] | Expiring in 2038 [Member]
Net operating loss carry-forwards	7,342
Domestic Tax Authority [Member] | Canada Revenue Agency [Member] | Indefinite [Member]
Net operating loss carry-forwards

Note 13 - Share-based Compens_3

Note 13 - Share-based Compensation (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	12 Months Ended
	Dec. 31, 2018	Nov. 30, 2018	Nov. 30, 2017	Nov. 30, 2016
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant		25,300,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options		$ 1,861
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options, Shares		4,389,000
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period		5 years
Share-based Compensation Arrangement by Share-based Payment Award, Portion Vesting Per Year		0.3333%
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition		2 years
Performance Share Units [Member]
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition		2 years
Share-based Compensation Arrangement by Share-based Payment Award, Number of Common Shares Per Award		1
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Expirations		1,240,000
Stock Granted, Value, Share-based Compensation, Forfeited		$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number, Ending Balance		1,797,400	2,176,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options, Shares		866,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options		$ 1,890
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period		873,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value		$ 3.85
Performance Share Units [Member] | Subsequent Event [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period	931,400
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Multiplier	82.00%
Performance Share Units [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Common Shares Per Award, Adjusted, Multiplier		0.00%
Performance Share Units [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Common Shares Per Award, Adjusted, Multiplier		150.00%
Deferred Share Units [Member] | Directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Common Shares Per Award		1
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period		45,103	48,830	44,770
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value		$ 4.07	$ 4.36	$ 4.92
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period		98,160	27,536	0
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Number, Ending Balance		254,633

Note 13 - Share-based Compens_4

Note 13 - Share-based Compensation - Summary of Share-based Compensation Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Nov. 30, 2018	Nov. 30, 2017	Nov. 30, 2016
Share-based Compensation Expense	$ 7,727	$ 10,293	$ 10,263
Employee Stock Option [Member]
Share-based Compensation Expense	3,767	5,496	5,855
Performance Share Units [Member]
Share-based Compensation Expense	3,783	4,588	4,184
Deferred Share Units [Member]
Share-based Compensation Expense	$ 177	$ 209	$ 224

Note 13 - Share-based Compens_5

Note 13 - Share-based Compensation - Summary of Stock Options Outstanding (Details) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Nov. 30, 2018USD ($)$ / sharesshares
Balance - beginning of year, number of stock options (in shares) | shares	17,551
Weighted average exercise price outstanding, beginning (in dollars per share) | $ / shares	$ 3.24
Granted, number of stock options (in shares) | shares	3,527
Granted, weighted average exercise price (in dollars per share) | $ / shares	$ 3.88
Exercised, number of stock options (in shares) | shares	(2,672)
Exercised, weighted average exercise price (in dollars per share) | $ / shares	$ 2.62
Expired, number of stock options (in shares) | shares	(130)
Expired, weighted average exercise price (in dollars per share) | $ / shares	$ 3.38
Forfeited, number of stock options (in shares) | shares	(393)
Forfeited, weighted average exercise price (in dollars per share) | $ / shares	$ 4.10
Balance - end of year, number of stock options (in shares) | shares	17,883
Weighted average exercise price outstanding, ending (in dollars per share) | $ / shares	$ 3.36
Weighted-average remaining contractual term, outstanding (Year)	2 years
Aggregate intrinsic value, outstanding | $	$ 3,274
Vested and exercisable, number of stock options (in shares) | shares	13,494
Vested and exercisable, weighted average exercise price (in dollars per share) | $ / shares	$ 3.14
Weighted-average remaining contractual term, vested and exercisable (Year)	1 year 156 days
Aggregate intrinsic value, vested and exercisable | $	$ 3,274

Note 13 - Share-based Compens_6

Note 13 - Share-based Compensation - Other Information Related to Stock Options (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Nov. 30, 2018	Nov. 30, 2017	Nov. 30, 2016
Expected volatility	50.00%	50.00%	54.00%
Expected term of options (Year)	3 years	3 years	3 years
Expected dividend rate	0.00%	0.00%
Risk-free interest rate	1.80%	1.20%	0.50%
Expected forfeiture rate	2.30%	2.50%	3.00%
Weighted-average grant-date fair value (in dollars per share)	$ 1.35	$ 1.60	$ 1.37
Intrinsic value of options exercised	$ 3,744	$ 5,014	$ 1,510
Cash received from options exercised

Note 13 - Share-based Compens_7

Note 13 - Share-based Compensation - PSU Awards Outstanding and PSU Activity (Details) - Performance Share Units [Member] $ / shares in Units, $ in Thousands	12 Months Ended
	Nov. 30, 2018USD ($)$ / sharesshares
Balance - beginning of year (in shares) | shares	2,176,000
Balance - beginning of year (in dollars per share) | $ / shares	$ 4.10
Granted (in shares) | shares	873,000
Granted (in dollars per share) | $ / shares	$ 3.85
Expired (in shares) | shares	(1,240,000)
Expired (in dollars per share) | $ / shares	$ 3.48
Forfeited (in shares) | shares	(12,000)
Forfeited (in dollars per share) | $ / shares	$ 4.32
Balance - end of year (in shares) | shares	1,797,400
Balance - end of year (in dollars per share) | $ / shares	$ 4.39
Aggregate intrinsic value - end of year | $	$ 6,943

Note 13 - Share-based Compens_8

Note 13 - Share-based Compensation - Other PSU-related Information (Details) - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Nov. 30, 2018	Nov. 30, 2017		Nov. 30, 2016
Withholding tax paid on PSUs vested		$ 196	[1]	$ 4,275	[1]
Performance Share Units [Member]
Performance multiplier on PSUs vested		113.00%		140.00%
Common shares issued (thousands) (in shares)		1,513		1,377
Total fair value of common shares issued		$ 6,932		$ 5,151
Withholding tax paid on PSUs vested		$ 196		$ 4,275
[1]	See note 4 - Discontinued operations

Note 14 - Share Capital (Detail

Note 14 - Share Capital (Details Textual) - shares	Nov. 30, 2018	Nov. 30, 2017
Common Stock, Shares Authorized	1,000,000,000	1,000,000,000
Common Stock, Shares, Issued, Total	323,222,840	322,219,187
Preferred Stock, Shares Authorized		10,000,000
Preferred Stock, Shares Issued, Total	0	0
Common Stock, Shares, Outstanding, Ending Balance	323,222,840	322,219,187
Preferred Stock, Shares Outstanding, Ending Balance	0	0

Note 15 - Reclassifications O_3

Note 15 - Reclassifications Out of Accumulated Other Comprehensive Income (Loss) (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Nov. 30, 2017	Nov. 30, 2016
Reclassification from AOCI, Current Period, Net of Tax, Attributable to Parent	$ 0	$ 0

Note 15 - Reclassifications O_4

Note 15 - Reclassifications Out of Accumulated Other Comprehensive Income (Loss) - Changes in AOCI and Details About AOCI (Details) - USD ($) $ in Thousands		12 Months Ended
		Nov. 30, 2018		Nov. 30, 2017		Nov. 30, 2016
Balance, beginning		$ 284,029	[1]	$ 300,263		$ 329,296
Impairment of marketable equity securities net of $nil tax recovery(1)				0		0
Balance, ending		160,688		284,029	[1]	300,263
Accumulated Net Investment Gain (Loss) Attributable to Parent [Member]
Balance, beginning		843
Change in other comprehensive income (loss) before reclassifications		(541)
Impairment of marketable equity securities net of $nil tax recovery(1)	[2]	76
Net current-period other comprehensive income (loss)		(465)
Balance, ending		378		843
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Balance, beginning		(7,018)
Change in other comprehensive income (loss) before reclassifications		(4,062)
Impairment of marketable equity securities net of $nil tax recovery(1)		(13,776)
Net current-period other comprehensive income (loss)		(17,838)
Balance, ending		(24,856)		(7,018)
AOCI Attributable to Parent [Member]
Balance, beginning	[3]	(6,175)		(18,860)		(17,685)
Change in other comprehensive income (loss) before reclassifications		(4,603)
Net current-period other comprehensive income (loss)		(18,303)
Balance, ending		$ (24,478)		$ (6,175)	[3]	$ (18,860)	[3]
[1]	See note 4 - Discontinued operations
[2]	This Accumulated other comprehensive income (loss) component is included in Other income (expense) in the Consolidated Statements of Loss.
[3]	Accumulated other comprehensive income (loss)

Note 15 - Reclassifications O_5

Note 15 - Reclassifications Out of Accumulated Other Comprehensive Income (Loss) - Changes in AOCI and Details About AOCI (Details) (Parentheticals)	12 Months Ended
	Nov. 30, 2018USD ($)
Accumulated Net Investment Gain (Loss) Attributable to Parent [Member]
Impairment of marketable equity securities. tax recovery

Note 16 - Related Party Trans_2

Note 16 - Related Party Transactions (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Nov. 30, 2018	Nov. 30, 2017	Nov. 30, 2016
Donlin Gold [Member] | Other Noncurrent Assets [Member]
Accounts Receivable, Related Parties, Noncurrent	$ 247	$ 0
Donlin Gold [Member] | Technical Services Provided [Member]
Related Party Transaction, Amounts of Transaction	658	0	$ 0
Galore Creek [Member]
Accounts Receivable, Related Parties, Noncurrent		3,674
Rental Income, Nonoperating	$ 0	$ 207	$ 335

Note 17 - Commitments and Con_2

Note 17 - Commitments and Contingencies (Details Textual) $ in Thousands	Nov. 30, 2018USD ($)
Operating Leases, Future Minimum Payments Due, Next Twelve Months	$ 226
Operating Leases, Future Minimum Payments, Due in Two Years	199
Operating Leases, Future Minimum Payments, Due in Three Years	204
Operating Leases, Future Minimum Payments, Due in Four Years	210
Operating Leases, Future Minimum Payments, Due in Five Years	18
Operating Leases, Future Minimum Payments, Due Thereafter	$ 857

Note 18 - Supplemental Cash F_3

Note 18 - Supplemental Cash Flow Information (Details Textual) $ in Thousands	12 Months Ended
	Nov. 30, 2018USD ($)
Noncash or Part Noncash Divestiture, Amount of Consideration Received	$ 88,398

Note 18 - Supplemental Cash F_4

Note 18 - Supplemental Cash Flow Information - Supplemental Cash Flow Disclosures (Details) - USD ($) $ in Thousands	12 Months Ended
	Nov. 30, 2018	Nov. 30, 2017	Nov. 30, 2016
Interest received	$ 1,038	$ 1,101	$ 878
Income taxes paid	$ 331	$ 343	$ 327

Note 19 - Unaudited Supplemen_3

Note 19 - Unaudited Supplementary Data (Details Textual) - Galore Creek [Member] - Discontinued Operations, Disposed of by Sale [Member] - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	12 Months Ended
	Aug. 31, 2018	Nov. 30, 2018
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax, Total	$ (80,026)	$ (80,096)
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax, Per Basic and Diluted Share	$ (0.25)

Note 19 - Unaudited Supplemen_4

Note 19 - Unaudited Supplementary Data - Selected Quarterly Financial Information (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Nov. 30, 2018	Aug. 31, 2018	May 31, 2018	Feb. 28, 2018	Nov. 30, 2017	Aug. 31, 2017	May 31, 2017	Feb. 28, 2017	Nov. 30, 2018	Nov. 30, 2017	[1]	Nov. 30, 2016	[1]
Loss from operations	$ (6,042)	$ (6,922)	$ (7,801)	$ (6,526)	$ (8,064)	$ (7,811)	$ (7,333)	$ (8,813)	$ (27,291)	$ (32,021)		$ (28,998)
Net loss from continuing operations	(6,224)	(8,043)	(9,237)	(7,962)	(8,904)	(9,781)	(8,237)	(9,993)	(31,466)	(36,915)		(32,697)
Net loss from discontinued operations	(70)	(80,582)	(394)	(253)	(1,114)	(612)	(225)	(150)	(81,299)	(2,101)	[2]	(1,149)	[2]
Net loss	$ (6,294)	$ (88,625)	$ (9,631)	$ (8,215)	$ (10,018)	$ (10,393)	$ (8,462)	$ (10,143)	$ (112,765)	$ (39,016)	[2]	$ (33,846)	[2]
Continuing operations (in dollars per share)	$ (0.02)	$ (0.02)	$ (0.03)	$ (0.03)	$ (0.03)	$ (0.03)	$ (0.03)	$ (0.03)	$ (0.10)	$ (0.11)		$ (0.10)
Discontinued operations (in dollars per share)		(0.25)							(0.25)	(0.01)		(0.01)
(in dollars per share)	$ (0.02)	$ (0.27)	$ (0.03)	$ (0.03)	$ (0.03)	$ (0.03)	$ (0.03)	$ (0.03)	$ (0.35)	$ (0.12)		$ (0.11)
[1]	See note 4 - Discontinued operations
[2]	See note 4 - Discontinued operations