NovaGold Resources (NG) 10-Q 2 Apr 19 2019 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Feb. 28, 2019	Mar. 26, 2019
Document Information [Line Items]
Entity Registrant Name	NOVAGOLD RESOURCES INC
Entity Central Index Key	0001173420
Trading Symbol	ng
Current Fiscal Year End Date	--11-30
Entity Filer Category	Large Accelerated Filer
Entity Current Reporting Status	Yes
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Common Stock, Shares Outstanding (in shares)		325,242,605
Document Type	10-Q
Document Period End Date	Feb. 28, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Feb. 28, 2019	Nov. 30, 2018
ASSETS
Cash and cash equivalents	$ 22,777	$ 21,004
Term deposits	139,000	146,000
Other assets	1,718	2,379
Current assets	163,495	169,383
Notes receivable (Note 5)	90,254	89,459
Investment in Donlin Gold (Note 6)	783	1,209
Other assets	929	878
Total assets	255,461	260,929
LIABILITIES
Accounts payable and accrued liabilities	709	710
Accrued payroll and related benefits	616	2,545
Income taxes payable	190	223
Other liabilities	182	182
Current liabilities	1,697	3,660
Promissory note (Note 7)	98,299	96,501
Deferred income taxes	247	80
Total liabilities	100,243	100,241
Commitments and contingencies (Note 13)
EQUITY
Common shares	1,960,465	1,954,861
Contributed surplus	82,717	87,987
Accumulated deficit	(1,863,627)	(1,857,682)
Accumulated other comprehensive loss	(24,337)	(24,478)
Total equity	155,218	160,688
Total liabilities and equity	$ 255,461	$ 260,929

Condensed Consolidated Interim

Condensed Consolidated Interim Statements of Loss and Comprehensive Loss (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Feb. 28, 2019	Feb. 28, 2018	[1]
Operating expenses:
General and administrative (Note 9)	$ 4,340	$ 4,685
Equity loss – Donlin Gold (Note 6)	1,323	1,841	[2]
	5,663	6,526
Loss from operations	(5,663)	(6,526)
Other income (expense) (Note 11)	(303)	(1,370)
Loss before income taxes and other items	(5,966)	(7,896)
Income tax expense	(357)	(66)
Net loss from continuing operations	(6,323)	(7,962)
Net loss from discontinued operations, net of tax (Note 4)		(253)	[2]
Net loss	(6,323)	(8,215)	[2]
Other comprehensive income (loss):
Unrealized loss on marketable securities, net of $nil and $11 tax recovery, respectively		(94)
Foreign currency translation adjustments	519	1,868
	519	1,774
Comprehensive loss	$ (5,804)	$ (6,441)
Net loss per common share – basic and diluted
Continuing operations (in dollars per share)	$ (0.02)	$ (0.03)
Discontinued operations (in dollars per share)
(in dollars per share)	$ (0.02)	$ (0.03)
Weighted average shares outstanding
Basic and diluted (thousands) (in shares)	324,749	322,291
[1]	See Note 4 - Discontinued operations
[2]	See Note 4 - Discontinued operations

Condensed Consolidated Interi_2

Condensed Consolidated Interim Statements of Loss and Comprehensive Loss (Unaudited) (Parentheticals) - USD ($) $ in Thousands	3 Months Ended
	Feb. 28, 2019	Feb. 28, 2018
Unrealized holding gain (loss) on marketable securities, tax recovery		$ (11)	[1]
[1]	See Note 4 - Discontinued operations

Condensed Consolidated Interi_3

Condensed Consolidated Interim Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Feb. 28, 2019	Feb. 28, 2018	[2]
Operating activities:
Net loss	$ (6,323)	$ (8,215)	[1]
Adjustments:
Equity loss – Donlin Gold	1,323	1,841	[1]
Share-based compensation	1,531	1,949
Interest expense on promissory note	1,798	1,494
Foreign exchange loss	386	116
Deferred income tax expense	167	11
Accretion of notes receivable	(795)
Loss from discontinued operations, net of tax		253	[1]
Other	(40)	(32)
Changes in operating assets and liabilities:
Other assets	773	(11)
Accounts payable and accrued liabilities	(41)	(194)
Accrued payroll and related benefits	(1,929)	(1,854)
Net cash used in operating activities of continuing operations	(3,150)	(4,642)
Investing activities:
Proceeds from term deposits	115,000	15,000
Purchases of term deposits	(108,000)	(15,000)
Funding of Donlin Gold	(897)	(1,734)
Other		(13)
Net cash provided from (used in) investing activities of continuing operations	6,103	(1,747)
Net cash used in investing activities of discontinued operations (Note 4)		(643)
Net cash provided from (used in) investing activities	6,103	(2,390)
Financing activities:
Withholding tax on share-based compensation	(1,197)
Net cash used in investing activities	(1,197)
Effect of exchange rate changes on cash	17	9
Increase in cash and cash equivalents	1,773	(7,023)
Cash and cash equivalents at beginning of period	21,004	27,954
Cash and cash equivalents at end of period	$ 22,777	$ 20,931
[1]	See Note 4 - Discontinued operations
[2]	See Note 4 - Discontinued operations

Condensed Consolidated Interi_4

Condensed Consolidated Interim Statements of Equity (Unaudited) - 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]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]		Total
Balance (in shares) at Nov. 30, 2017							322,219
Balance at Nov. 30, 2017							$ 1,951,587	$ 83,534	$ (1,744,917)	$ (6,175)	[1]	$ 284,029
Share-based compensation (in shares)
Share-based compensation								1,949				1,949
Stock options exercised (in shares)							83
Stock options exercised							$ 977	(977)
Net loss									(8,215)			(8,215)	[2],[3]
Other comprehensive income										1,774	[1]	1,774
PSUs settled in shares (in shares)
Other comprehensive income	[2]											1,774
Balance (in shares) at Feb. 28, 2018							322,302
Balance at Feb. 28, 2018							$ 1,952,564	84,506	(1,753,132)	(4,401)	[1]	279,537
Balance (in shares) at Nov. 30, 2018							323,223
Balance at Nov. 30, 2018							$ 1,954,861	87,987	(1,857,682)	(24,478)	[1]	160,688
Share-based compensation (in shares)		438				438
Share-based compensation								1,531				$ 1,531
Stock options exercised (in shares)							1,443					3,253
Stock options exercised							$ 2,867	(2,867)
Net loss									(6,323)			(6,323)
Cumulative-effect adjustment of adopting ASU No. 2016-01									378	(378)	[1]
PSUs settled in shares (in shares)		438				438
PSUs settled in shares		$ 2,737	$ (2,737)
Withholding tax on PSUs								(1,197)				(1,197)
Other comprehensive income										519	[1]	519
Balance (in shares) at Feb. 28, 2019							325,104
Balance at Feb. 28, 2019							$ 1,960,465	$ 82,717	$ (1,863,627)	$ (24,337)	[1]	$ 155,218
[1]	Accumulated other comprehensive loss
[2]	See Note 4 - Discontinued operations
[3]	See Note 4 - Discontinued operations

Note 1 - Nature of Operations a

Note 1 - Nature of Operations and Basis of Presentation	3 Months Ended
	Feb. 28, 2019
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% 4. The Condensed Consolidated Interim Financial Statements of NOVAGOLD are unaudited. In the opinion of management, all adjustments and disclosures necessary for a fair presentation of these interim statements have been included. The results reported in these interim statements are not may November 30, 2018. 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. References in these Condensed 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.

Note 2 - Summary of Significant

Note 2 - Summary of Significant Accounting Policies	3 Months Ended
	Feb. 28, 2019
Notes to Financial Statements
Significant Accounting Policies [Text Block]	NOTE 2 Recently adopted accounting pronouncements Restricted Cash In November 2016, No. 2016 18 December 15, 2017 December 1, 2018. not not Statement of Cash Flows In August 2016, No. 2016 15 December 1, 2018 not Classification and Measurement of Financial Instruments In January 2016, No. 2016 01 February 2018 No. 2018 03. not not December 1, 2018 $378 Accumulated other comprehensive loss Accumulated deficit Recently issued accounting pronouncements Leases In February 2016, No. 2016 02 September 2017 No. 2017 13 January 2018 No. 2018 01. December 1, 2019 December 1, 2019. not Fair Value Disclosure Requirements In August 2018, No. 2018 13 December 1, 2020,

Note 3 - Segmented Information

Note 3 - Segmented Information	3 Months Ended
	Feb. 28, 2019
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	3 Months Ended
	Feb. 28, 2019
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 Company’s share of its investment in GCP included the following: Three months ended February 28, 2019 2018 Net loss from discontinued operations, net of tax: Equity loss – Galore Creek $ — $ 253 Net loss from discontinued operations, net of tax: Funding of Galore Creek $ — $ 643

Note 5 - Notes Receivable

Note 5 - Notes Receivable	3 Months Ended
	Feb. 28, 2019
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 February 28, 2019, $90,254 $1,856 $75,000 No $75,000 not not February 28, 2019.

Note 6 - Investment in Donlin G

Note 6 - Investment in Donlin Gold	3 Months Ended
	Feb. 28, 2019
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 LLC are summarized as follows: Three months ended February 28, 2019 2018 Balance – beginning of period $ 1,209 $ 1,100 Share of losses Mineral property expenditures (1,310 ) (1,835 ) Depreciation (13 ) (6 ) (1,323 ) (1,841 ) Funding 897 1,734 Balance – end of period $ 783 $ 993 The following amounts represent the Company’s 50% Non-current assets: Mineral property $64,000, At At Current assets: Cash, prepaid expenses and other receivables $ 1,076 $ 1,872 Non-current assets: Property and equipment 79 10 Non-current assets: Mineral property 32,692 32,692 Current liabilities: Accounts payable and accrued liabilities (372 ) (673 ) Non-current liabilities: Reclamation obligation (692 ) (692 ) Net assets $ 32,783 $ 33,209

Note 7 - Promissory Note

Note 7 - Promissory Note	3 Months Ended
	Feb. 28, 2019
Notes to Financial Statements
Debt Disclosure [Text Block]	NOTE 7 The Company has a promissory note payable to Barrick of $98,299, $51,576 $46,723 2%. April 1, 2006 November 30, 2007. 85%

Note 8 - Fair Value Accounting

Note 8 - Fair Value Accounting	3 Months Ended
	Feb. 28, 2019
Notes to Financial Statements
Fair Value Disclosures [Text Block]	NOTE 8 Financial instruments measured at fair value are classified into one three three Level 1 Level 2 not Level 3 no The Company’s marketable equity securities are valued using quoted market prices in active markets and as such are classified within Level 1 $893 February 28, 2019 ( $839 November 30, 2018),

Note 9 - General and Administra

Note 9 - General and Administrative Expenses	3 Months Ended
	Feb. 28, 2019
Notes to Financial Statements
General and Administrative Expenses [Text Block]	NOTE 9 Three months ended February 28, 2019 2018 Share-based compensation (Note 10) $ 1,531 $ 1,949 Salaries and benefits 1,664 1,679 Office expense 671 566 Corporate communications and regulatory 240 286 Professional fees 230 199 Depreciation 4 6 $ 4,340 $ 4,685

Note 10 - Share-based Compensat

Note 10 - Share-based Compensation	3 Months Ended
	Feb. 28, 2019
Notes to Financial Statements
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	NOTE 10 Three months ended February 28, 2019 2018 Stock options $ 922 $ 948 Performance share unit plan 570 952 Deferred share unit plan 39 49 $ 1,531 $ 1,949 A summary of stock options outstanding as of February 28, 2019 three February 28, 2019 Number of stock options (thousands) Weighted- average exercise price per share Weighted- average Aggregate November 30, 2018 17,883 $ 3.36 Granted 2,760 3.68 Exercised (3,253 ) 2.20 Expired — — Forfeited (54 ) 4.68 February 28, 2019 17,336 $ 3.64 2.58 $ 6,902 Vested and exercisable as of February 28, 2019 12,335 $ 3.34 1.89 $ 6,636 The following table summarizes other stock option-related information: Three months ended February 28, 2019 2018 Weighted-average assumptions used to value stock option awards: Expected volatility 46.9 % 50 % Expected term of options (years) 4 3 Expected dividend rate — — Risk-free interest rate 2.7 % 1.8 % Expected forfeiture rate 3.1 % 2.3 % Weighted-average grant-date fair value $ 1.46 $ 1.35 As of February 28, 2019, $4,970 5,001,060 2.75 three February 28, 2019, $2,867 no Performance share units A summary of PSU awards outstanding as of February 28, 2019 three February 28, 2019 Number of PSU awards (thousands) Weighted- average grant day fair value per award Aggregate November 30, 2018 1,797 $ 4.39 Granted 803 3.67 Vested (764 ) 4.58 Performance adjustment (167 ) 4.58 February 28, 2019 1,669 $ 3.76 $ 6,415 As of February 28, 2019, $4,309 1,669,100 2.75 The following table summarizes other PSU-related information: Three months ended February 28, 2019 2018 Performance multiplier on PSUs vested 82 % — % Common shares issued (thousands) 438 — Total fair value of common shares issued $ 1,607 $ — Withholding tax paid on PSUs vested $ 1,197 $ —

Note 11 - Other Income (Expense

Note 11 - Other Income (Expense)	3 Months Ended
	Feb. 28, 2019
Notes to Financial Statements
Other Income and Other Expense Disclosure [Text Block]	NOTE 11 Three months ended February 28, 2019 2018 Interest income $ 1,042 $ 240 Accretion of notes receivable 795 — Interest expense on promissory note (1,798 ) (1,494 ) Foreign exchange gain (loss) (386 ) (116 ) Change in fair market value of marketable securities 44 — $ (303 ) $ (1,370 )

Note 12 - Related Party Transac

Note 12 - Related Party Transactions	3 Months Ended
	Feb. 28, 2019
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	NOTE 12 The Company provided technical services to Donlin Gold LLC for $nil three February 28, 2019 ( $181 2018 February 28, 2019, $247 November 30, 2018: $247

Note 13 - Commitments and Conti

Note 13 - Commitments and Contingencies	3 Months Ended
	Feb. 28, 2019
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	NOTE 13 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. $169 2019, $199 2020, $204 2021, $210 2022, $18 2023, $800.

Significant Accounting Policies

Significant Accounting Policies (Policies)	3 Months Ended
	Feb. 28, 2019
Accounting Policies [Abstract]
New Accounting Pronouncements, Policy [Policy Text Block]	Recently adopted accounting pronouncements Restricted Cash In November 2016, No. 2016 18 December 15, 2017 December 1, 2018. not not Statement of Cash Flows In August 2016, No. 2016 15 December 1, 2018 not Classification and Measurement of Financial Instruments In January 2016, No. 2016 01 February 2018 No. 2018 03. not not December 1, 2018 $378 Accumulated other comprehensive loss Accumulated deficit Recently issued accounting pronouncements Leases In February 2016, No. 2016 02 September 2017 No. 2017 13 January 2018 No. 2018 01. December 1, 2019 December 1, 2019. not Fair Value Disclosure Requirements In August 2018, No. 2018 13 December 1, 2020,

Note 4 - Discontinued Operati_2

Note 4 - Discontinued Operations (Tables)	3 Months Ended
	Feb. 28, 2019
Notes Tables
Disposal Groups, Including Discontinued Operations [Table Text Block]	Three months ended February 28, 2019 2018 Net loss from discontinued operations, net of tax: Equity loss – Galore Creek $ — $ 253 Net loss from discontinued operations, net of tax: Funding of Galore Creek $ — $ 643

Note 6 - Investment in Donlin_2

Note 6 - Investment in Donlin Gold (Tables)	3 Months Ended
	Feb. 28, 2019
Donlin Gold [Member]
Notes Tables
Equity Method Investments [Table Text Block]	Three months ended February 28, 2019 2018 Balance – beginning of period $ 1,209 $ 1,100 Share of losses Mineral property expenditures (1,310 ) (1,835 ) Depreciation (13 ) (6 ) (1,323 ) (1,841 ) Funding 897 1,734 Balance – end of period $ 783 $ 993 At At Current assets: Cash, prepaid expenses and other receivables $ 1,076 $ 1,872 Non-current assets: Property and equipment 79 10 Non-current assets: Mineral property 32,692 32,692 Current liabilities: Accounts payable and accrued liabilities (372 ) (673 ) Non-current liabilities: Reclamation obligation (692 ) (692 ) Net assets $ 32,783 $ 33,209

Note 9 - General and Administ_2

Note 9 - General and Administrative Expenses (Tables)	3 Months Ended
	Feb. 28, 2019
Notes Tables
General and Administrative Expenses [Table Text Block]	Three months ended February 28, 2019 2018 Share-based compensation (Note 10) $ 1,531 $ 1,949 Salaries and benefits 1,664 1,679 Office expense 671 566 Corporate communications and regulatory 240 286 Professional fees 230 199 Depreciation 4 6 $ 4,340 $ 4,685

Note 10 - Share-based Compens_2

Note 10 - Share-based Compensation (Tables)	3 Months Ended
	Feb. 28, 2019
Notes Tables
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]	Three months ended February 28, 2019 2018 Stock options $ 922 $ 948 Performance share unit plan 570 952 Deferred share unit plan 39 49 $ 1,531 $ 1,949
Share-based Compensation, Stock Options, Activity [Table Text Block]	Number of stock options (thousands) Weighted- average exercise price per share Weighted- average Aggregate November 30, 2018 17,883 $ 3.36 Granted 2,760 3.68 Exercised (3,253 ) 2.20 Expired — — Forfeited (54 ) 4.68 February 28, 2019 17,336 $ 3.64 2.58 $ 6,902 Vested and exercisable as of February 28, 2019 12,335 $ 3.34 1.89 $ 6,636
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	Three months ended February 28, 2019 2018 Weighted-average assumptions used to value stock option awards: Expected volatility 46.9 % 50 % Expected term of options (years) 4 3 Expected dividend rate — — Risk-free interest rate 2.7 % 1.8 % Expected forfeiture rate 3.1 % 2.3 % Weighted-average grant-date fair value $ 1.46 $ 1.35
Schedule of Nonvested Performance-based Units Activity [Table Text Block]	Number of PSU awards (thousands) Weighted- average grant day fair value per award Aggregate November 30, 2018 1,797 $ 4.39 Granted 803 3.67 Vested (764 ) 4.58 Performance adjustment (167 ) 4.58 February 28, 2019 1,669 $ 3.76 $ 6,415
Other PSU-related Information [Table Text Block]	Three months ended February 28, 2019 2018 Performance multiplier on PSUs vested 82 % — % Common shares issued (thousands) 438 — Total fair value of common shares issued $ 1,607 $ — Withholding tax paid on PSUs vested $ 1,197 $ —

Note 11 - Other Income (Expen_2

Note 11 - Other Income (Expense) (Tables)	3 Months Ended
	Feb. 28, 2019
Notes Tables
Schedule of Other Nonoperating Income (Expense) [Table Text Block]	Three months ended February 28, 2019 2018 Interest income $ 1,042 $ 240 Accretion of notes receivable 795 — Interest expense on promissory note (1,798 ) (1,494 ) Foreign exchange gain (loss) (386 ) (116 ) Change in fair market value of marketable securities 44 — $ (303 ) $ (1,370 )

Note 1 - Nature of Operations_2

Note 1 - Nature of Operations and Basis of Presentation (Details Textual) - USD ($) $ in Thousands	Jul. 27, 2018	Feb. 28, 2019
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	Feb. 28, 2019	Dec. 01, 2018	Nov. 30, 2018
Restricted Cash and Cash Equivalents, Total	$ 0		$ 0
Retained Earnings [Member] | Accounting Standards Update 2016-01 [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption		$ 378
AOCI Attributable to Parent [Member] | Accounting Standards Update 2016-01 [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption		$ (378)

Note 4 - Discontinued Operati_3

Note 4 - Discontinued Operations (Details Textual) $ in Millions	Jul. 27, 2018USD ($)
Note Receivable Upon Completion of Galore Creek Project Pre-feasibility [Member]
Financing Receivable, Net, Total	$ 75
Note Receivable Upon Completion of Galore Creek Project Feasibility [Member]
Financing Receivable, Net, Total	25
Note Receivable Upon Approval of Galore Creek Project Construction Plan [Member]
Financing Receivable, Net, Total	$ 75
Galore Creek [Member]
Discontinued Operation, Ownership Percentage, Sold	50.00%
Proceeds from Divestiture of Interest in Subsidiaries and Affiliates, Total	$ 100

Note 4 - Discontinued Operati_4

Note 4 - Discontinued Operations - Net Loss From Discontinued Operations (Details) - Galore Creek [Member] - Discontinued Operations, Disposed of by Sale [Member] - USD ($) $ in Thousands	3 Months Ended
	Feb. 28, 2019	Feb. 28, 2018
Equity loss – Galore Creek		$ 253
Funding of Galore Creek		$ 643

Note 5 - Notes Receivable (Deta

Note 5 - Notes Receivable (Details Textual) $ in Thousands	Jul. 27, 2018USD ($)	Feb. 28, 2019USD ($)
Note Receivable Upon Completion of Galore Creek Project Pre-feasibility [Member]
Financing Receivable, Net, Total	$ 75,000
Receivable Instrument, Term	3 years
Note Receivable Upon Completion of Galore Creek Project Pre-feasibility [Member] | Measurement Input, Expected Term [Member]
Notes Receivable, Measurement Input	3
Note Receivable Upon Completion of Galore Creek Project Feasibility [Member]
Financing Receivable, Net, Total	$ 25,000
Receivable Instrument, Term	5 years
Note Receivable Upon Completion of Galore Creek Project Feasibility [Member] | Measurement Input, Expected Term [Member]
Notes Receivable, Measurement Input	5
Notes Receivable Upon Completion Of Galore Creek Project [Member]
Notes Receivable, Fair Value Disclosure	$ 88,398	$ 90,254
Financing Receivable, Accumulated Accretion		$ 1,856
Notes Receivable Upon Completion Of Galore Creek Project [Member] | Measurement Input, Discount Rate [Member]
Notes Receivable, Measurement Input	0.036
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	Feb. 28, 2019USD ($)
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	3 Months Ended
	Feb. 28, 2019	Feb. 28, 2018
	$ (1,323)	$ (1,841)	[1],[2]
Donlin Gold [Member]
Balance – beginning of period	1,209	1,100
Mineral property expenditures	(1,310)	(1,835)
Depreciation	(13)	(6)
	(1,323)	(1,841)
Funding	897	1,734
Balance – end of period	783	993
Current assets: Cash, prepaid expenses and other receivables	1,076	1,872
Non-current assets: Property and equipment	79	10
Non-current assets: Mineral property	32,692	32,692
Current liabilities: Accounts payable and accrued liabilities	(372)	(673)
Non-current liabilities: Reclamation obligation	(692)	(692)
Net assets	$ 32,783	$ 33,209
[1]	See Note 4 - Discontinued operations
[2]	See Note 4 - Discontinued operations

Note 7 - Promissory Note (Detai

Note 7 - Promissory Note (Details Textual) - Barrick [Member] - Notes Payable, Other Payables [Member] $ in Thousands	3 Months Ended
	Feb. 28, 2019USD ($)
Notes Payable, Total	$ 98,299
Debt Instrument, Face Amount	51,576
Interest Payable	$ 46,723
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 8 - Fair Value Accounting

Note 8 - Fair Value Accounting (Details Textual) - USD ($) $ in Thousands	Feb. 28, 2019	Nov. 30, 2018
Equity Securities, FV-NI	$ 893	$ 839

Note 9 - General and Administ_3

Note 9 - General and Administrative Expenses - Summary of General and Administrative Expenses (Details) - USD ($) $ in Thousands	3 Months Ended
	Feb. 28, 2019	Feb. 28, 2018
Share-based compensation (Note 10)	$ 1,531	$ 1,949	[1]
Salaries and benefits	1,664	1,679
Office expense	671	566
Corporate communications and regulatory	240	286
Professional fees	230	199
Depreciation	4	6
	$ 4,340	$ 4,685	[2]
[1]	See Note 4 - Discontinued operations
[2]	See Note 4 - Discontinued operations

Note 10 - Share-based Compens_3

Note 10 - Share-based Compensation (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Feb. 28, 2019	Nov. 30, 2018
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options	$ 4,970
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Number of Shares, Ending Balance	5,001,060
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value	$ 2,867
Proceeds from Stock Options Exercised	$ 0
Employee Stock Option [Member]
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	2 years 273 days
Performance Share Units [Member]
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	2 years 273 days
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options	$ 4,309
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number, Ending Balance	1,669,100	1,797,000

Note 10 - Share-based Compens_4

Note 10 - Share-based Compensation - Summary of Share-based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Feb. 28, 2019	Feb. 28, 2018
Share-based Compensation Expense	$ 1,531	$ 1,949
Employee Stock Option [Member]
Share-based Compensation Expense	922	948
Performance Share Units [Member]
Share-based Compensation Expense	570	952
Deferred Share Units [Member]
Share-based Compensation Expense	$ 39	$ 49

Note 10 - Share-based Compens_5

Note 10 - Share-based Compensation - Summary of Stock Options Outstanding (Details) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Feb. 28, 2019USD ($)$ / sharesshares
Balance - beginning of year (in shares) | shares	17,883
Weighted average exercise price outstanding, beginning (in dollars per share) | $ / shares	$ 3.36
Granted (in shares) | shares	2,760
Granted, weighted average exercise price (in dollars per share) | $ / shares	$ 3.68
Exercised (in shares) | shares	(3,253)
Exercised, weighted average exercise price (in dollars per share) | $ / shares	$ 2.20
Expired (in shares) | shares
Expired, weighted average exercise price (in dollars per share) | $ / shares
Forfeited (in shares) | shares	(54)
Forfeited, weighted average exercise price (in dollars per share) | $ / shares	$ 4.68
Balance - end of year (in shares) | shares	17,336
Weighted average exercise price outstanding, ending balance (in dollars per share) | $ / shares	$ 3.64
Weighted- average remaining contractual term , outstanding (Year)	2 years 211 days
Aggregate intrinsic value, outstanding | $	$ 6,902
Vested and exercisable (in shares) | shares	12,335
Vested and exercisable, weighted- average exercise price per share (in dollars per share) | $ / shares	$ 3.34
Weighted- average remaining contractual term, vested and exercisable (Year)	1 year 324 days
Aggregate intrinsic value, vested and exercisable | $	$ 6,636

Note 10 - Share-based Compens_6

Note 10 - Share-based Compensation - Other Information Related to Stock Options (Details) - $ / shares	3 Months Ended
	Feb. 28, 2019	Feb. 28, 2018
Weighted-average assumptions used to value stock option awards:
Expected volatility	46.90%	50.00%
Expected term of options (Year)	4 years	3 years
Expected dividend rate	0.00%	0.00%
Risk-free interest rate	2.70%	1.80%
Expected forfeiture rate	3.10%	2.30%
Weighted-average grant-date fair value (in dollars per share)	$ 1.46	$ 1.35

Note 10 - Share-based Compens_7

Note 10 - Share-based Compensation - PSU Awards Outstanding and PSU Activity (Details) - Performance Share Units [Member] $ / shares in Units, $ in Thousands	3 Months Ended
	Feb. 28, 2019USD ($)$ / sharesshares
Balance - beginning of year (in shares) | shares	1,797,000
Balance - beginning of year (in dollars per share) | $ / shares	$ 4.39
Granted (in shares) | shares	803,000
Granted (in dollars per share) | $ / shares	$ 3.67
Vested (in shares) | shares	(764,000)
Vested (in dollars per share) | $ / shares	$ 4.58
Performance adjustment (in shares) | shares	(167,000)
Performance adjustment (in dollars per share) | $ / shares	$ 4.58
Balance- end of year (in shares) | shares	1,669,100
Balance-end of year (in dollars per share) | $ / shares	$ 3.76
February 28, 2019 | $	$ 6,415

Note 10 - Share-based Compens_8

Note 10 - Share-based Compensation - Other PSU-related Information (Details) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Feb. 28, 2019	Feb. 28, 2018
Withholding tax paid on PSUs vested	$ 1,197		[1]
Performance Share Units [Member]
Performance multiplier on PSUs vested	82.00%
Common shares issued (in shares)	438
Total fair value of common shares issued	$ 1,607
Withholding tax paid on PSUs vested	$ 1,197
[1]	See Note 4 - Discontinued operations

Note 11 - Other Income (Expen_3

Note 11 - Other Income (Expense) - Summary of Other Income (Expense) (Details) - USD ($) $ in Thousands	3 Months Ended
	Feb. 28, 2019	Feb. 28, 2018
Interest income	$ 1,042	$ 240
Accretion of notes receivable	795		[1]
Interest expense on promissory note	(1,798)	(1,494)
Foreign exchange gain (loss)	(386)	(116)
Change in fair market value of marketable securities	44
	$ (303)	$ (1,370)	[2]
[1]	See Note 4 - Discontinued operations
[2]	See Note 4 - Discontinued operations

Note 12 - Related Party Trans_2

Note 12 - Related Party Transactions (Details Textual) - Donlin Gold [Member] - USD ($) $ in Thousands	3 Months Ended
	Feb. 28, 2019	Feb. 28, 2018	Nov. 30, 2018
Accounts Receivable, Related Parties	$ 247		$ 247
Technical Services Provided [Member]
Related Party Transaction, Amounts of Transaction	$ 0	$ 181

Note 13 - Commitments and Con_2

Note 13 - Commitments and Contingencies (Details Textual) $ in Thousands	Feb. 28, 2019USD ($)
Operating Leases, Future Minimum Payments, Remainder of Fiscal Year	$ 169
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, Total	$ 800