NovaGold Resources (NG) 10-Q 2 Oct 24 2024 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Aug. 31, 2024	Sep. 25, 2024
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Aug. 31, 2024
Document Transition Report	false
Entity File Number	001-31913
Entity Registrant Name	NOVAGOLD RESOURCES INC.
Entity Incorporation, State or Country Code	A1
Entity Address, Address Line One	201 South Main Street, Suite 400
Entity Address, City or Town	Salt Lake City
Entity Address, State or Province	UT
Entity Address, Postal Zip Code	84111
City Area Code	801
Local Phone Number	639-0511
Title of 12(b) Security	Common Shares, no par value
Trading Symbol	NG
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding (in shares)		334,567,187
Entity Central Index Key	0001173420
Current Fiscal Year End Date	--11-30
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Amendment Flag	false

Condensed Consolidated Interim

Condensed Consolidated Interim Balance Sheets (Unaudited) - USD ($) $ in Thousands	Aug. 31, 2024	Nov. 30, 2023
ASSETS
Cash and cash equivalents	$ 45,572	$ 45,749
Term deposits	60,000	80,000
Other assets (Note 5)	1,536	1,470
Current assets	107,108	127,219
Investment in Donlin Gold (Note 4)	3,504	3,071
Other assets (Note 5)	4,119	3,000
Total assets	114,731	133,290
us-gaap_LiabilitiesAbstract
Accounts payable and accrued liabilities	964	703
Accrued payroll and related benefits	2,059	2,799
Other liabilities (Note 7)	568	404
Current liabilities	3,591	3,906
Promissory note (Note 6)	147,880	136,748
Other liabilities (Note 7)	1,069	859
Total liabilities	152,540	141,513
Commitments and contingencies (Notes 6 and 7)
EQUITY (DEFICIT)
Common shares	1,989,245	1,986,938
Contributed surplus	91,459	88,621
Accumulated deficit	(2,094,072)	(2,059,311)
Accumulated other comprehensive loss	(24,441)	(24,471)
Total equity (deficit)	(37,809)	(8,223)
Total liabilities and equity (deficit)	$ 114,731	$ 133,290

Condensed Consolidated Interi_2

Condensed Consolidated Interim Statements of Loss and Comprehensive Loss (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 31, 2024	Aug. 31, 2023	Aug. 31, 2024	Aug. 31, 2023
Operating expenses:
General and administrative (Note 9)	$ 5,120	$ 5,243	$ 18,982	$ 16,385
Equity loss – Donlin Gold (Note 4)	2,814	3,978	9,765	15,996
Operating Expenses	7,934	9,221	28,747	32,381
Loss from operations	(7,934)	(9,221)	(28,747)	(32,381)
Interest expense on promissory note	(3,833)	(3,433)	(11,132)	(9,589)
Interest and dividend income	1,194	1,501	4,265	4,180
Other income (expense), net (Note 10)	(14)	(66)	1,708	904
Accretion of note receivable	0	145	0	579
Loss before income taxes	(10,587)	(11,074)	(33,906)	(36,307)
Income tax expense	156	0	855	75
Net loss	(10,743)	(11,074)	(34,761)	(36,382)
Other comprehensive income (loss):
Foreign currency translation adjustments	48	85	30	(6)
Comprehensive loss	$ (10,695)	$ (10,989)	$ (34,731)	$ (36,388)
Net loss per common share – basic and diluted (in dollars per share)	$ (0.03)	$ (0.03)	$ (0.11)	$ (0.11)
Weighted average shares outstanding
Basic and diluted (thousands) (in shares)	334,520	334,158	334,422	334,022

Condensed Consolidated Interi_3

Condensed Consolidated Interim Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 31, 2024	Aug. 31, 2023	Aug. 31, 2024	Aug. 31, 2023
Operating activities:
Net loss	$ (10,743)	$ (11,074)	$ (34,761)	$ (36,382)
Adjustments:
Equity loss – Donlin Gold	2,814	3,978	9,765	15,996
Share-based compensation	515	2,225	5,319	6,526
Interest expense on promissory note	3,833	3,433	11,132	9,589
Gain on sale of mineral property	0	0	(743)	(556)
Change in fair value of marketable securities	(7)	45	(978)	(333)
Foreign exchange (gain) loss	21	21	13	(15)
Accretion of note receivable	0	(145)	0	(579)
Other operating adjustments	2	4	32	43
Net change in operating assets and liabilities (Note 13)	(474)	210	(388)	(254)
Net cash used in operating activities	(4,039)	(1,303)	(10,609)	(5,965)
Investing activities:
Proceeds from term deposits	0	0	80,000	62,000
Purchases of term deposits	0	(24,000)	(60,000)	(86,000)
Proceeds from note receivable	0	25,000	0	25,000
Funding of Donlin Gold	(2,864)	(2,475)	(10,198)	(15,247)
Proceeds from sale of mineral property	0	0	743	556
Acquisition of property and equipment	0	133	0	147
Sale of marketable equity investments	59	0	59	0
Net cash provided from (used in) investing activities	(2,805)	(1,608)	10,604	(13,838)
Net Cash Provided by (Used in) Financing Activities [Abstract]
Withholding tax on share-based compensation	157	0	174	0
Net cash used in financing activities	(157)	0	(174)	0
Effect of exchange rate changes on cash and cash equivalents	5	36	2	0
Increase (decrease) in cash and cash equivalents	(6,996)	(2,875)	(177)	(19,803)
Cash and cash equivalents at beginning of period	52,568	46,954	45,749	63,882
Cash and cash equivalents at end of period	$ 45,572	$ 44,079	$ 45,572	$ 44,079

Condensed Consolidated Interi_4

Condensed Consolidated Interim Statements of Equity (Deficit) (Unaudited) - USD ($) $ in Thousands	Common Stock [Member] Performance Shares [Member]	Common Stock [Member] Deferred Share Units [Member]	Common Stock [Member] Restricted Stock Units (RSUs) [Member]	Common Stock [Member]	Additional Paid-in Capital [Member] Performance Shares [Member]	Additional Paid-in Capital [Member] Deferred Share Units [Member]	Additional Paid-in Capital [Member] Restricted Stock Units (RSUs) [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member] Performance Shares [Member]	Retained Earnings [Member] Deferred Share Units [Member]	Retained Earnings [Member] Restricted Stock Units (RSUs) [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member] Performance Shares [Member]	AOCI Attributable to Parent [Member] Deferred Share Units [Member]	AOCI Attributable to Parent [Member] Restricted Stock Units (RSUs) [Member]	AOCI Attributable to Parent [Member]	Performance Shares [Member]	Deferred Share Units [Member]	Restricted Stock Units (RSUs) [Member]	Total
Balance (in shares) at Nov. 30, 2022				333,753,000
Balance at Nov. 30, 2022				$ 1,983,962				$ 82,866				$ (2,012,508)				$ (24,417)				$ 29,903
Share-based compensation				$ 0				2,161				0				0				2,161
Stock options exercised (in shares)				230,000
Stock options exercised				$ 734				(734)				0				0				0
Net loss				0				0				(10,659)				0				(10,659)
Other comprehensive income				0				0				0				101				101
Share-based compensation				0				2,161				0				0				2,161
Other comprehensive loss				$ 0				0				0				(101)				(101)
Balance (in shares) at Feb. 28, 2023				333,983,000
Balance at Feb. 28, 2023				$ 1,984,696				84,293				(2,023,167)				(24,518)				21,304
Net loss				$ 0				0				(10,659)				0				(10,659)
Balance (in shares) at Nov. 30, 2022				333,753,000
Balance at Nov. 30, 2022				$ 1,983,962				82,866				(2,012,508)				(24,417)				29,903
Net loss																				(36,382)
Balance (in shares) at Aug. 31, 2023				334,181,000
Balance at Aug. 31, 2023				$ 1,985,663				87,691				(2,048,890)				(24,423)				41
Net loss																				(36,382)
Balance (in shares) at Feb. 28, 2023				333,983,000
Balance at Feb. 28, 2023				$ 1,984,696				84,293				(2,023,167)				(24,518)				21,304
Share-based compensation				$ 0				2,140				0				0				2,140
Stock options exercised (in shares)				115,000
Stock options exercised				$ 687				(687)				0				0				0
Net loss				0				0				(14,649)				0				(14,649)
Other comprehensive income				0				0				0				10				10
Share-based compensation				0				2,140				0				0				2,140
Other comprehensive loss				$ 0				0				0				(10)				(10)
Balance (in shares) at May. 31, 2023				334,098,000
Balance at May. 31, 2023				$ 1,985,383				85,746				(2,037,816)				(24,508)				8,805
Net loss				0				0				(14,649)				0				(14,649)
Share-based compensation				$ 0				2,225				0				0				2,225
Stock options exercised (in shares)				35,000
Stock options exercised				$ 34				(34)				0				0				0
Net loss				0				0				(11,074)				0				(11,074)
Other comprehensive income				0				0				0				85				85
Share-based compensation				0				2,225				0				0				2,225
Performance share units (PSUs) settled in shares (in shares)		48,000
Performance share units (PSUs) settled in shares		$ 246				$ (246)				$ 0				$ 0				$ 0
Other comprehensive loss				$ 0				0				0				(85)				(85)
Balance (in shares) at Aug. 31, 2023				334,181,000
Balance at Aug. 31, 2023				$ 1,985,663				87,691				(2,048,890)				(24,423)				41
Net loss				$ 0				0				(11,074)				0				(11,074)
Balance (in shares) at Nov. 30, 2023				334,247,000
Balance at Nov. 30, 2023				$ 1,986,938				88,621				(2,059,311)				(24,471)				(8,223)
Share-based compensation				$ 0				2,409				0				0				2,409
Stock options exercised (in shares)				124,000
Stock options exercised				$ 1,283				(1,283)				0				0				0
Net loss				0				0				(10,318)				0				(10,318)
Other comprehensive income				0				0				0				15				15
Share-based compensation				0				2,409				0				0				2,409
Other comprehensive loss				$ 0				0				0				(15)				(15)
Balance (in shares) at Feb. 29, 2024				334,371,000
Balance at Feb. 29, 2024				$ 1,988,221				89,747				(2,069,629)				(24,456)				(16,117)
Net loss				$ 0				0				(10,318)				0				(10,318)
Balance (in shares) at Nov. 30, 2023				334,247,000
Balance at Nov. 30, 2023				$ 1,986,938				88,621				(2,059,311)				(24,471)				$ (8,223)
Stock options exercised (in shares)																				890,000
Net loss																				$ (34,761)
Balance (in shares) at Aug. 31, 2024				334,567,000
Balance at Aug. 31, 2024				$ 1,989,245				91,459				(2,094,072)				(24,441)				(37,809)
Net loss																				(34,761)
Balance (in shares) at Feb. 29, 2024				334,371,000
Balance at Feb. 29, 2024				$ 1,988,221				89,747				(2,069,629)				(24,456)				(16,117)
Share-based compensation				0				2,395				0				0				2,395
Net loss				0				0				(13,700)				0				(13,700)
Other comprehensive income				0				0				0				33				33
Share-based compensation				0				2,395				0				0				2,395
Performance share units (PSUs) settled in shares (in shares)	13,000	47,000
Performance share units (PSUs) settled in shares	$ 27	$ 224			$ (27)	$ (224)			$ 0	$ 0			$ 0	$ 0			$ 0	$ 0
Withholding tax on PSUs				0				(17)				0				0				(17)
Other comprehensive loss				0				0				0				(33)				(33)
Withholding tax on RSUs				$ 0				17				0				0				17
Balance (in shares) at May. 31, 2024				334,431,000
Balance at May. 31, 2024				$ 1,988,472				91,874				(2,083,329)				(24,489)				(27,472)
Net loss				0				0				(13,700)				0				(13,700)
Share-based compensation				0				515				0				0				515
Net loss				0				0				(10,743)				0				(10,743)
Other comprehensive income				0				0				0				48				48
Share-based compensation				0				515				0				0				515
Performance share units (PSUs) settled in shares (in shares)			136,000
Performance share units (PSUs) settled in shares			$ 773				$ (773)				$ 0				$ 0				$ 0
Withholding tax on PSUs				0				157				0				0				(157)
Other comprehensive loss				0				0				0				(48)				(48)
Withholding tax on RSUs				$ 0				(157)				0				0				157
Balance (in shares) at Aug. 31, 2024				334,567,000
Balance at Aug. 31, 2024				$ 1,989,245				91,459				(2,094,072)				(24,441)				(37,809)
Net loss				$ 0				$ 0				$ (10,743)				$ 0				$ (10,743)

Note 1 - Nature of Operations a

Note 1 - Nature of Operations and Basis of Presentation	3 Months Ended
	Aug. 31, 2024
Notes to Financial Statements
Business Description and Basis of Presentation [Text Block]	NOTE 1 NATURE OF OPERATIONS AND BASIS OF PRESENTATION 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 The Condensed Consolidated Interim Financial Statements (“interim 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 necessarily indicative of the results that may be reported for the entire year. These interim statements should be read in conjunction with NOVAGOLD’s Consolidated Financial Statements for the year ended November 30, 2023. The year-end balance sheet data was derived from the audited financial statements and certain information and footnote disclosures required by United States generally accepted accounting principles (US GAAP) have been condensed or omitted. 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 United States dollar. References in these Condensed Consolidated Interim 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
	Aug. 31, 2024
Notes to Financial Statements
Significant Accounting Policies [Text Block]	NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Contingent note receivable A portion of the proceeds related to the sale of Galore Creek to a subsidiary of Newmont Corporation includes a $75,000 note receivable, contingent upon the approval of a Galore Creek project construction plan by the owner(s). The Company has not assigned a value to the contingent note receivable as management determined that the approval of the Galore Creek project construction was not probable as of the closing of the Galore Creek sale or in subsequent periods. The contingent note will be recognized when, in management’s judgement, it is probable that the payment will occur, and that the amount recorded will not reverse in future periods. Investment in affiliates Investments in unconsolidated ventures over which the Company has the ability to exercise significant influence, but does not control, are accounted for under the equity method and include the Company’s investment in the Donlin Gold project. The Company identified Donlin Gold as a Variable Interest Entity (“VIE”) as the entity is dependent on funding from its owners. All funding, ownership, voting rights, and power to exercise control is shared equally on a 50/50 basis between the owners of the VIE. Therefore, the Company has determined that it is not the primary beneficiary of the VIE. The Company’s maximum exposure to loss is its equity investment in Donlin Gold. 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 is a non-publicly traded equity investee owning an exploration and development project. Therefore, the Company assesses whether there has been a potential triggering event for other-than-temporary impairment by assessing 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 recoverable, the Company will record an impairment charge equal to the difference between the carrying amount of the investee and its fair value. 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 be impacted by certain variables including, but not limited to, stock price volatility, employee stock option exercise behaviors, additional stock option grants, estimates of forfeitures, the Company’s performance, and the Company’s performance in relation to its peers. Recently Issued Accounting Pronouncements and Securities and Exchange Commission Rules SEC Final Climate Rule In March 2024, the SEC issued a final rule that requires registrants to disclose climate-related information in their annual reports and in registration statements. In April 2024, the SEC chose to stay the newly adopted rulemaking pending judicial review of related consolidated Eighth Circuit petitions. If the stay is lifted, certain disclosures may be required in annual reports for the year ending November 30, 2026, filed in 2027. The Company is currently evaluating the impact of the rules on its consolidated financial statements.

Note 3 - Segmented Information

Note 3 - Segmented Information	3 Months Ended
	Aug. 31, 2024
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	NOTE 3 SEGMENTED INFORMATION 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 investment in the Donlin Gold project in Alaska, USA (Note 4).

Note 4 - Investment in Donlin G

Note 4 - Investment in Donlin Gold	3 Months Ended
	Aug. 31, 2024
Donlin Gold [Member]
Notes to Financial Statements
Equity Method Investments and Joint Ventures Disclosure [Text Block]	NOTE 4 INVESTMENT IN DONLIN GOLD The Donlin Gold project is owned and operated by Donlin Gold, a limited liability company in which wholly-owned subsidiaries of NOVAGOLD and Barrick each own a 50% interest. Donlin Gold has a board of four two two Changes in the Company’s Investment in Donlin Gold Three months ended August 31, Nine months ended August 31, 2024 2023 2024 2023 Balance – beginning of period $ 3,454 $ 4,602 $ 3,071 $ 3,848 Share of losses: Mineral property expenditures (2,675 ) (3,827 ) (9,327 ) (15,542 ) Depreciation (128 ) (141 ) (408 ) (424 ) Accretion (11 ) (10 ) (30 ) (30 ) (2,814 ) (3,978 ) (9,765 ) (15,996 ) Funding 2,864 2,475 10,198 15,247 Balance – end of period $ 3,504 $ 3,099 $ 3,504 $ 3,099 The following amounts represent the Company’s 50% share of the assets and liabilities of Donlin Gold. Donlin Gold capitalized the initial contribution of the Donlin Gold property as Non-current assets: Mineral property As of August 31, 2024 As of November 30, 2023 Current assets: Cash, prepaid expenses and other receivables $ 3,802 $ 3,410 Non-current assets: Right-of-use assets, property and equipment 1,088 1,456 Non-current assets: Mineral property 32,615 32,615 Current liabilities: Accounts payable, accrued liabilities and lease obligations (1,230 ) (1,669 ) Non-current liabilities: Reclamation and lease obligations (771 ) (741 ) Net assets $ 35,504 $ 35,071

Note 5 - Other Assets

Note 5 - Other Assets	3 Months Ended
	Aug. 31, 2024
Notes to Financial Statements
Other Assets Disclosure [Text Block]	NOTE 5 OTHER ASSETS As of August 31, 2024 As of November 30, 2023 Other current assets: Accounts receivable $ 61 $ 43 Interest receivable 919 99 Receivable from Donlin Gold 175 203 Prepaid expenses 381 1,125 $ 1,536 $ 1,470 Other long-term assets: Marketable equity investments $ 3,043 $ 2,102 Right-of-use assets 952 757 Office equipment 124 141 $ 4,119 $ 3,000

Note 6 - Promissory Note

Note 6 - Promissory Note	3 Months Ended
	Aug. 31, 2024
Notes to Financial Statements
Debt Disclosure [Text Block]	NOTE 6 PROMISSORY NOTE The Company has a promissory note payable to Barrick of $147,880, comprising $51,576 in principal, and $96,304 in accrued interest at U.S. prime

Note 7 - Other Liabilities

Note 7 - Other Liabilities	3 Months Ended
	Aug. 31, 2024
Notes to Financial Statements
Other Liabilities Disclosure [Text Block]	NOTE 7 OTHER LIABILITIES As of August 31, 2024 As of November 30, 2023 Other current liabilities: Remediation liabilities $ 78 $ 212 Lease obligations 169 192 Income taxes payable 321 — $ 568 $ 404 Other long-term liabilities: Remediation liabilities $ 250 $ 250 Lease obligations 819 609 $ 1,069 $ 859

Note 8 - Fair Value Accounting

Note 8 - Fair Value Accounting	3 Months Ended
	Aug. 31, 2024
Notes to Financial Statements
Fair Value Disclosures [Text Block]	NOTE 8 FAIR VALUE ACCOUNTING Financial instruments measured at fair value are classified into one of three levels in the fair value hierarchy depending on the inputs used in making the measurement. The three levels of the fair value hierarchy are as follows: Level 1 Level 2 Level 3 The Company’s financial instruments consist of cash and cash equivalents, term deposits, accounts receivable, interest receivable, receivable from Donlin Gold, marketable equity investments, accounts payable and accrued liabilities, and a promissory note. The fair value of the promissory note approximates its carrying value based on accrued interest at U.S. prime

Note 9 - General and Administra

Note 9 - General and Administrative Expenses	3 Months Ended
	Aug. 31, 2024
Notes to Financial Statements
General and Administrative Expenses [Text Block]	NOTE 9 GENERAL AND ADMINISTRATIVE EXPENSES Three months ended August 31, Nine months ended August 31, 2024 2023 2024 2023 Share-based compensation (Note 11) $ 515 $ 2,225 $ 5,319 $ 6,526 Salaries and benefits 2,055 1,691 6,186 5,149 Professional fees 1,624 375 4,142 1,236 Office expense 727 783 2,313 2,488 Corporate communications and regulatory 193 167 1,005 981 Depreciation 6 2 17 5 $ 5,120 $ 5,243 $ 18,982 $ 16,385

Note 10 - Other Income (Expense

Note 10 - Other Income (Expense), Net	3 Months Ended
	Aug. 31, 2024
Notes to Financial Statements
Other Income and Other Expense Disclosure [Text Block]	NOTE 10 OTHER INCOME (EXPENSE), NET Three months ended August 31, Nine months ended August 31, 2024 2023 2024 2023 Change in fair market value of marketable investments $ 7 $ (45 ) $ 978 $ 333 Gain on sale of mineral property — — 743 556 Foreign exchange gain (loss) (21 ) (21 ) (13 ) 15 $ (14 ) $ (66 ) $ 1,708 $ 904

Note 11 - Share-based Compensat

Note 11 - Share-based Compensation	3 Months Ended
	Aug. 31, 2024
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	NOTE 11 SHARE-BASED COMPENSATION Three months ended August 31, Nine months ended August 31, 2024 2023 2024 2023 Stock options $ 485 $ 1,170 $ 3,134 $ 3,432 Performance share unit plan (39 ) 995 1,982 2,926 Deferred share unit plan 69 60 203 168 $ 515 $ 2,225 $ 5,319 $ 6,526 Stock options A summary of stock options outstanding and activity during the nine months ended August 31, 2024 are as follows: Number of stock options Weighted- average exercise price per share Weighted- average remaining contractual term (years) Aggregate intrinsic value November 30, 2023 7,606,200 $ 6.59 Granted 3,088,900 4.12 Exercised (890,000 ) 3.67 Forfeited (765,663 ) 4.96 August 31, 2024 9,039,437 $ 6.17 2.59 $ 373 Vested and exercisable as of August 31, 2024 4,666,285 $ 7.41 1.49 $ — The following table summarizes other stock option-related information: Nine months ended August 31, 2024 2023 Weighted-average assumptions used to value stock option awards: Expected volatility 48.7 % 48.4 % Expected term of options (years) 4 4 Expected dividend rate — — Risk-free interest rate 4.29 % 3.85 % Expected forfeiture rate 3.0 % 2.8 % Weighted-average grant-date fair value $ 1.76 $ 2.40 Intrinsic value of options exercised $ 471 $ 2,024 Cash received from options exercised $ — $ — As of August 31, 2024, the Company had $3,556 of unrecognized compensation cost related to 4,373,152 non-vested stock options expected to be recognized and vest over a period of approximately 2.25 years. Performance share units A summary of PSU awards outstanding and activity during the nine months ended August 31, 2024 are as follows: Number of PSU awards Weighted- average grant day fair value per award Aggregate intrinsic value November 30, 2023 1,605,500 $ 6.89 Granted 886,800 4.20 Vested (200,300 ) 5.62 Expired (319,300 ) 9.92 Forfeited (339,200 ) 5.33 August 31, 2024 1,633,500 $ 5.32 $ 1,827 As of August 31, 2024, the Company had $3,715 of unrecognized compensation cost related to 1,633,500 non-vested PSU awards expected to be recognized and vest over a period of approximately 2.5 years.

Note 12 - Related Party Transac

Note 12 - Related Party Transactions	3 Months Ended
	Aug. 31, 2024
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	NOTE 12 RELATED PARTY TRANSACTIONS The Company provided management and administrative services to Donlin Gold for $227 and $645 in the three and nine months ended August 31, 2024, respectively ($233 and $830 in the three and nine months ended August 31, 2023, respectively). As of August 31, 2024, the Company has accounts receivable from Donlin Gold of $175 (November 30, 2023: $203) included in Other current assets

Note 13 - Net Change in Operati

Note 13 - Net Change in Operating Assets and Liabilities	3 Months Ended
	Aug. 31, 2024
Notes to Financial Statements
Net Change in Operating Assets and Liabilities [Text Block]	NOTE 13 NET CHANGE IN WORKING CAPITAL Three months ended August 31, Nine months ended August 31, 2024 2023 2024 2023 Changes in working capital: Other assets $ (50 ) $ (422 ) $ (86 ) $ 432 Accounts payable and accrued liabilities (427 ) 1,039 254 885 Accrued payroll and related benefits 340 559 (741 ) (596 ) Income taxes payable (279 ) — 319 — Remediation (58 ) (966 ) (134 ) (975 ) $ (474 ) $ 210 $ (388 ) $ (254 )

Note 14 - Supplemental Cash Flo

Note 14 - Supplemental Cash Flow Information	3 Months Ended
	Aug. 31, 2024
Notes to Financial Statements
Cash Flow, Supplemental Disclosures [Text Block]	NOTE 14 SUPPLEMENTAL CASH FLOW INFORMATION Three months ended August 31, Nine months ended August 31, 2024 2023 2024 2023 Interest and dividends received $ 365 $ 561 $ 3,445 $ 3,237 Income taxes paid $ 437 $ — $ 537 $ 75

Note 15 - Subsequent Events

Note 15 - Subsequent Events	3 Months Ended
	Aug. 31, 2024
Notes to Financial Statements
Subsequent Events [Text Block]	NOTE 15 SUBSEQUENT EVENT On September 30, 2024, the U.S. Federal District Court (“Court”) issued a ruling in the lawsuit challenging the U.S. Army Corps of Engineers’ issuance of the 404 permit and the Department of Interior, Bureau of Land Management’s issuance of the ROW lease for the portions of the pipeline on Federal lands. The decision upheld the federal agencies’ analysis on two of the three issues raised in the litigation, however agreed with plaintiffs that the federal agencies took too narrow a view in analyzing the impacts of a theoretical release from the tailing storage facility. The Court requested supplemental briefing on the appropriate remedy for addressing this issue, which is due October 21, 2024. The Company has determined that the Court’s decision does not require an adjustment to the Company’s financial statements.

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Aug. 31, 2024
Insider Trading Arr Line Items
Material Terms of Trading Arrangement [Text Block]	Item 5. Other Information. a) As previously announced on January 24, 2024, Richard Williams, age 64, was promoted to Chief Operating Officer of the Company, effective January 1, 2024. Mr. Williams was previously Vice President, Engineering & Development since April 2013. There are no family relationships between Mr. Williams and any director or executive officer of the Company, and Mr. Williams has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K. Mr. Williams’ compensation increased to $434,500 per year in connection with the promotion. A copy of Mr. Williams’ current Employment Agreement with the Company, dated January 8, 2013, is attached as Exhibit 10.1. b) None c) None.
Rule 10b5-1 Arrangement Adopted [Flag]	false
Non-Rule 10b5-1 Arrangement Adopted [Flag]	false
Rule 10b5-1 Arrangement Terminated [Flag]	false
Non-Rule 10b5-1 Arrangement Terminated [Flag]	false

Significant Accounting Policies

Significant Accounting Policies (Policies)	3 Months Ended
	Aug. 31, 2024
Accounting Policies [Abstract]
Contingent Note Receivable, Policy [Policy Text Block]	Contingent note receivable A portion of the proceeds related to the sale of Galore Creek to a subsidiary of Newmont Corporation includes a $75,000 note receivable, contingent upon the approval of a Galore Creek project construction plan by the owner(s). The Company has not assigned a value to the contingent note receivable as management determined that the approval of the Galore Creek project construction was not probable as of the closing of the Galore Creek sale or in subsequent periods. The contingent note will be recognized when, in management’s judgement, it is probable that the payment will occur, and that the amount recorded will not reverse in future periods.
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 control, are accounted for under the equity method and include the Company’s investment in the Donlin Gold project. The Company identified Donlin Gold as a Variable Interest Entity (“VIE”) as the entity is dependent on funding from its owners. All funding, ownership, voting rights, and power to exercise control is shared equally on a 50/50 basis between the owners of the VIE. Therefore, the Company has determined that it is not the primary beneficiary of the VIE. The Company’s maximum exposure to loss is its equity investment in Donlin Gold. 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 is a non-publicly traded equity investee owning an exploration and development project. Therefore, the Company assesses whether there has been a potential triggering event for other-than-temporary impairment by assessing 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 recoverable, the Company will record an impairment charge equal to the difference between the carrying amount of the investee and its fair value.
Share-Based Payment Arrangement [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 be impacted by certain variables including, but not limited to, stock price volatility, employee stock option exercise behaviors, additional stock option grants, estimates of forfeitures, the Company’s performance, and the Company’s performance in relation to its peers.
New Accounting Pronouncements, Policy [Policy Text Block]	Recently Issued Accounting Pronouncements and Securities and Exchange Commission Rules SEC Final Climate Rule In March 2024, the SEC issued a final rule that requires registrants to disclose climate-related information in their annual reports and in registration statements. In April 2024, the SEC chose to stay the newly adopted rulemaking pending judicial review of related consolidated Eighth Circuit petitions. If the stay is lifted, certain disclosures may be required in annual reports for the year ending November 30, 2026, filed in 2027. The Company is currently evaluating the impact of the rules on its consolidated financial statements.

Note 4 - Investment in Donlin_2

Note 4 - Investment in Donlin Gold (Tables)	3 Months Ended
	Aug. 31, 2024
Donlin Gold [Member]
Notes Tables
Equity Method Investments [Table Text Block]	Three months ended August 31, Nine months ended August 31, 2024 2023 2024 2023 Balance – beginning of period $ 3,454 $ 4,602 $ 3,071 $ 3,848 Share of losses: Mineral property expenditures (2,675 ) (3,827 ) (9,327 ) (15,542 ) Depreciation (128 ) (141 ) (408 ) (424 ) Accretion (11 ) (10 ) (30 ) (30 ) (2,814 ) (3,978 ) (9,765 ) (15,996 ) Funding 2,864 2,475 10,198 15,247 Balance – end of period $ 3,504 $ 3,099 $ 3,504 $ 3,099 As of August 31, 2024 As of November 30, 2023 Current assets: Cash, prepaid expenses and other receivables $ 3,802 $ 3,410 Non-current assets: Right-of-use assets, property and equipment 1,088 1,456 Non-current assets: Mineral property 32,615 32,615 Current liabilities: Accounts payable, accrued liabilities and lease obligations (1,230 ) (1,669 ) Non-current liabilities: Reclamation and lease obligations (771 ) (741 ) Net assets $ 35,504 $ 35,071

Note 5 - Other Assets (Tables)

Note 5 - Other Assets (Tables)	3 Months Ended
	Aug. 31, 2024
Notes Tables
Schedule of Other Assets [Table Text Block]	As of August 31, 2024 As of November 30, 2023 Other current assets: Accounts receivable $ 61 $ 43 Interest receivable 919 99 Receivable from Donlin Gold 175 203 Prepaid expenses 381 1,125 $ 1,536 $ 1,470 Other long-term assets: Marketable equity investments $ 3,043 $ 2,102 Right-of-use assets 952 757 Office equipment 124 141 $ 4,119 $ 3,000

Note 7 - Other Liabilities (Tab

Note 7 - Other Liabilities (Tables)	3 Months Ended
	Aug. 31, 2024
Notes Tables
Other Liabilities [Table Text Block]	As of August 31, 2024 As of November 30, 2023 Other current liabilities: Remediation liabilities $ 78 $ 212 Lease obligations 169 192 Income taxes payable 321 — $ 568 $ 404 Other long-term liabilities: Remediation liabilities $ 250 $ 250 Lease obligations 819 609 $ 1,069 $ 859

Note 9 - General and Administ_2

Note 9 - General and Administrative Expenses (Tables)	3 Months Ended
	Aug. 31, 2024
Notes Tables
General and Administrative Expenses [Table Text Block]	Three months ended August 31, Nine months ended August 31, 2024 2023 2024 2023 Share-based compensation (Note 11) $ 515 $ 2,225 $ 5,319 $ 6,526 Salaries and benefits 2,055 1,691 6,186 5,149 Professional fees 1,624 375 4,142 1,236 Office expense 727 783 2,313 2,488 Corporate communications and regulatory 193 167 1,005 981 Depreciation 6 2 17 5 $ 5,120 $ 5,243 $ 18,982 $ 16,385

Note 10 - Other Income (Expen_2

Note 10 - Other Income (Expense), Net (Tables)	3 Months Ended
	Aug. 31, 2024
Notes Tables
Schedule of Other Nonoperating Income (Expense) [Table Text Block]	Three months ended August 31, Nine months ended August 31, 2024 2023 2024 2023 Change in fair market value of marketable investments $ 7 $ (45 ) $ 978 $ 333 Gain on sale of mineral property — — 743 556 Foreign exchange gain (loss) (21 ) (21 ) (13 ) 15 $ (14 ) $ (66 ) $ 1,708 $ 904

Note 11 - Share-based Compens_2

Note 11 - Share-based Compensation (Tables)	3 Months Ended
	Aug. 31, 2024
Notes Tables
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block]	Three months ended August 31, Nine months ended August 31, 2024 2023 2024 2023 Stock options $ 485 $ 1,170 $ 3,134 $ 3,432 Performance share unit plan (39 ) 995 1,982 2,926 Deferred share unit plan 69 60 203 168 $ 515 $ 2,225 $ 5,319 $ 6,526
Share-Based Payment Arrangement, Option, Activity [Table Text Block]	Number of stock options Weighted- average exercise price per share Weighted- average remaining contractual term (years) Aggregate intrinsic value November 30, 2023 7,606,200 $ 6.59 Granted 3,088,900 4.12 Exercised (890,000 ) 3.67 Forfeited (765,663 ) 4.96 August 31, 2024 9,039,437 $ 6.17 2.59 $ 373 Vested and exercisable as of August 31, 2024 4,666,285 $ 7.41 1.49 $ —
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	Nine months ended August 31, 2024 2023 Weighted-average assumptions used to value stock option awards: Expected volatility 48.7 % 48.4 % Expected term of options (years) 4 4 Expected dividend rate — — Risk-free interest rate 4.29 % 3.85 % Expected forfeiture rate 3.0 % 2.8 % Weighted-average grant-date fair value $ 1.76 $ 2.40 Intrinsic value of options exercised $ 471 $ 2,024 Cash received from options exercised $ — $ —
Schedule of Nonvested Performance-Based Units Activity [Table Text Block]	Number of PSU awards Weighted- average grant day fair value per award Aggregate intrinsic value November 30, 2023 1,605,500 $ 6.89 Granted 886,800 4.20 Vested (200,300 ) 5.62 Expired (319,300 ) 9.92 Forfeited (339,200 ) 5.33 August 31, 2024 1,633,500 $ 5.32 $ 1,827

Note 13 - Net Change in Opera_2

Note 13 - Net Change in Operating Assets and Liabilities (Tables)	3 Months Ended
	Aug. 31, 2024
Notes Tables
Cash Flow, Operating Capital [Table Text Block]	Three months ended August 31, Nine months ended August 31, 2024 2023 2024 2023 Changes in working capital: Other assets $ (50 ) $ (422 ) $ (86 ) $ 432 Accounts payable and accrued liabilities (427 ) 1,039 254 885 Accrued payroll and related benefits 340 559 (741 ) (596 ) Income taxes payable (279 ) — 319 — Remediation (58 ) (966 ) (134 ) (975 ) $ (474 ) $ 210 $ (388 ) $ (254 )

Note 14 - Supplemental Cash F_2

Note 14 - Supplemental Cash Flow Information (Tables)	3 Months Ended
	Aug. 31, 2024
Notes Tables
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]	Three months ended August 31, Nine months ended August 31, 2024 2023 2024 2023 Interest and dividends received $ 365 $ 561 $ 3,445 $ 3,237 Income taxes paid $ 437 $ — $ 537 $ 75

Note 1 - Nature of Operations_2

Note 1 - Nature of Operations and Basis of Presentation (Details Textual) $ in Thousands	3 Months Ended
	Aug. 31, 2024 USD ($)
Revenues, Total	$ 0
Donlin Gold [Member]
Equity Method Investment, Ownership Percentage	50%

Note 2 - Summary of Significa_2

Note 2 - Summary of Significant Accounting Policies (Details Textual) $ in Millions	Aug. 31, 2024 USD ($)
Note Receivable Upon Completion of Galore Creek Project Pre-feasibility [Member]
Financing Receivable, after Allowance for Credit Loss	$ 75

Note 4 - Investment in Donlin_3

Note 4 - Investment in Donlin Gold (Details Textual) - Donlin Gold [Member] $ in Millions	Aug. 31, 2024 USD ($)
Equity Method Investment, Ownership Percentage	50%
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%

Note 4 - Investment in Donlin_4

Note 4 - Investment in Donlin Gold - Summary of the Company's Investment in Donlin Gold LLC (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 31, 2024	Aug. 31, 2023	Aug. 31, 2024	Aug. 31, 2023	Nov. 30, 2023
Current assets: Cash, prepaid expenses, and other receivables	$ 107,108		$ 107,108		$ 127,219
Current liabilities: Accounts payable, accrued liabilities and lease obligations	(964)		(964)		(703)
Income (Loss) from Equity Method Investments	(2,814)	$ (3,978)	(9,765)	$ (15,996)
Donlin Gold [Member]
Current assets: Cash, prepaid expenses, and other receivables	3,802		3,802		3,410
Non-current assets: Right-of-use assets, property and equipment	1,088		1,088		1,456
Non-current assets: Mineral property	32,615		32,615		32,615
Current liabilities: Accounts payable, accrued liabilities and lease obligations	(1,230)		(1,230)		(1,669)
Non-current liabilities: Reclamation and lease obligations	(771)		(771)		(741)
Net assets	35,504		35,504		$ 35,071
Donlin Gold [Member]
Balance – beginning of period	3,454	4,602	3,071	3,848
Mineral property expenditures	(2,675)	(3,827)	(9,327)	(15,542)
Depreciation	(128)	(141)	(408)	(424)
Accretion	(11)	(10)	(30)	(30)
Income (Loss) from Equity Method Investments	(2,814)	(3,978)	(9,765)	(15,996)
Funding	2,864	2,475	10,198	15,247
Balance – end of period	$ 3,504	$ 3,099	$ 3,504	$ 3,099

Note 5 - Other Assets - Carryin

Note 5 - Other Assets - Carrying Amounts of Other Assets (Details) - USD ($) $ in Thousands	Aug. 31, 2024	Nov. 30, 2023
Interest receivable	$ 919	$ 99
Prepaid expenses	381	1,125
Other Assets, Current	1,536	1,470
Marketable equity securities	3,043	$ 2,102
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]		Other Assets, Noncurrent
Right-of-use assets	952	$ 757
Office equipment	124	141
Other Assets, Noncurrent	4,119	3,000
Nonrelated Party [Member]
Accounts receivable	61	43
Related Party [Member]
Accounts receivable	$ 175	$ 203

Note 6 - Promissory Note (Detai

Note 6 - Promissory Note (Details Textual) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Aug. 31, 2024	May 31, 2024
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]	us-gaap:PrimeRateMember
Barrick [Member] | Notes Payable, Other Payables [Member]
Notes Payable	$ 147,880
Debt Instrument, Face Amount	51,576
Interest Payable	$ 96,304
Debt Instrument, Basis Spread on Variable Rate	2%	2%
Percentage of Specified Revenue from Which the Promissory Note and Accrued Interest Are Payable	85%

Note 7 - Other Liabilities - Cu

Note 7 - Other Liabilities - Current and Long Term Liabilities (Details) - USD ($) $ in Thousands	Aug. 31, 2024	Nov. 30, 2023
Remediation liabilities	$ 78	$ 212
Lease obligations	169	192
Income taxes payable	321	0
Other Liabilities, Current	568	404
Remediation liabilities	250	250
Lease obligations	819	609
Other Liabilities, Noncurrent	$ 1,069	$ 859

Note 8 - Fair Value Accounting

Note 8 - Fair Value Accounting (Details Textual) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Aug. 31, 2024	May 31, 2024	Nov. 30, 2023
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]	us-gaap:PrimeRateMember
Equity Securities, FV-NI, Current	$ 3,043		$ 2,102
Barrick [Member] | Notes Payable, Other Payables [Member]
Debt Instrument, Basis Spread on Variable Rate	2%	2%

Note 9 - General and Administ_3

Note 9 - General and Administrative Expense - Schedule of General and Administrative Expenses (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 31, 2024	Aug. 31, 2023	Aug. 31, 2024	Aug. 31, 2023
Share-based compensation (Note 11)	$ 515	$ 2,225	$ 5,319	$ 6,526
Salaries and benefits	2,055	1,691	6,186	5,149
Professional fees	1,624	375	4,142	1,236
Office expense	727	783	2,313	2,488
Corporate communications and regulatory	193	167	1,005	981
Depreciation	6	2	17	5
General and Administrative Expense	$ 5,120	$ 5,243	$ 18,982	$ 16,385

Note 10 - Other Income (Expen_3

Note 10 - Other Income (Expense), Net - Summary of Other Income (Expense) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 31, 2024	Aug. 31, 2023	Aug. 31, 2024	Aug. 31, 2023
Change in fair market value of marketable securities	$ 7	$ (45)	$ 978	$ 333
Gain on sale of mineral property	0	0	743	556
Foreign exchange gain (loss)	(21)	(21)	(13)	15
Nonoperating Income (Expense)	$ (14)	$ (66)	$ 1,708	$ 904

Note 11 - Share-based Compens_3

Note 11 - Share-based Compensation (Details Textual) $ in Thousands	3 Months Ended
	Aug. 31, 2024 USD ($) shares
Share-Based Payment Arrangement, Option [Member]
Share-Based Payment Arrangement, Nonvested Award, Option, Cost Not yet Recognized, Amount | $	$ 3,556
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Nonvested, Number of Shares | shares	4,373,152
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition	2 years 3 months
Performance Share Units [Member]
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition	2 years 6 months
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount | $	$ 3,715
Share-Based Compensation Arrangement by Share-Based Payment Award, Non-Option Equity Instruments, Outstanding, Number | shares	1,633,500

Note 11 - Share-based Compens_4

Note 11 - Share-based Compensation - Summary of Share-based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 31, 2024	Aug. 31, 2023	Aug. 31, 2024	Aug. 31, 2023
Share-based Compensation Expense	$ 515	$ 2,225	$ 5,319	$ 6,526
Share-Based Payment Arrangement, Option [Member]
Share-based Compensation Expense	485	1,170	3,134	3,432
Performance Share Units [Member]
Share-based Compensation Expense	(39)	995	1,982	2,926
Deferred Share Units [Member]
Share-based Compensation Expense	$ 69	$ 60	$ 203	$ 168

Note 11 - Share-based Compens_5

Note 11 - Share-based Compensation - Summary of Stock Options Outstanding (Details) $ / shares in Units, $ in Thousands	3 Months Ended	9 Months Ended
	Aug. 31, 2024 USD ($) $ / shares shares	Aug. 31, 2024 USD ($) $ / shares shares
Balance, options (in shares) | shares		7,606,200
Balance, weighted average exercise price (in dollars per share) | $ / shares		$ 6.59
Granted, options (in shares) | shares		3,088,900
Granted, weighted average exercise price (in dollars per share) | $ / shares		$ 4.12
Exercised, options (in shares) | shares		(890,000)
Exercised, weighted average exercise price (in dollars per share) | $ / shares		$ 3.67
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Forfeitures in Period (in shares) | shares	765,663
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Forfeitures in Period, Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 4.96
Balance, options (in shares) | shares	9,039,437	9,039,437
Balance, weighted average exercise price (in dollars per share) | $ / shares	$ 6.17	$ 6.17
Balance, weighted average remaining contractual term (Year)		2 years 7 months 2 days
Balance, intrinsic value | $	$ 373	$ 373
Vested and exercisable, options (in shares) | shares	4,666,285	4,666,285
Vested and exercisable, weighted average exercise price (in dollars per share) | $ / shares	$ 7.41	$ 7.41
Vested and exercisable, weighted-average remaining contractual term (Year)		1 year 5 months 26 days
Vested and exercisable, aggregate intrinsic value | $	$ 0	$ 0

Note 11 - Share-based Compens_6

Note 11 - Share-based Compensation - Other Information Related to Stock Options (Details) - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended
	Aug. 31, 2024	Aug. 31, 2023
Expected volatility	48.70%	48.40%
Expected term of options (years) (Year)	4 years	4 years
Expected dividend rate	0%	0%
Risk-free interest rate	4.29%	3.85%
Expected forfeiture rate	3%	2.80%
Weighted-average grant-date fair value (in dollars per share)	$ 1.76	$ 2.4
Intrinsic value of options exercised	$ 471	$ 2,024
Cash received from options exercised	$ 0	$ 0

Note 11 - Share-based Compens_7

Note 11 - Share-based Compensation - PSU Awards Outstanding and PSU Activity (Details) - Performance Share Units [Member] $ / shares in Units, $ in Thousands	9 Months Ended
	Aug. 31, 2024 USD ($) $ / shares shares
Balance, Numbers of awards (in shares) | shares	1,605,500
Balance, weighted average grant day fair value per award (in dollars per share) | $ / shares	$ 6.89
Granted, Numbers of awards (in shares) | shares	886,800
Granted, weighted average grant day fair value per award (in dollars per share) | $ / shares	$ 4.2
Vested, Numbers of awards (in shares) | shares	(200,300)
Vested, weighted average grant day fair value per award (in dollars per share) | $ / shares	$ 5.62
Expired (in shares) | shares	(319,300)
Expired (in dollars per share) | $ / shares	$ 9.92
Forfeited (in shares) | shares	(339,200)
Forfeited (in dollars per share) | $ / shares	$ 5.33
Balance, Numbers of awards (in shares) | shares	1,633,500
Balance, weighted average grant day fair value per award (in dollars per share) | $ / shares	$ 5.32
Balance, Aggregate intrinsic value | $	$ 1,827

Note 12 - Related Party Trans_2

Note 12 - Related Party Transactions (Details Textual) - Donlin Gold [Member] - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 31, 2024	Aug. 31, 2023	Aug. 31, 2024	Aug. 31, 2023	Nov. 30, 2023
Accounts Receivable, after Allowance for Credit Loss	$ 175		$ 175		$ 203
Management and Administrative Services Provided [Member]
Related Party Transaction, Amounts of Transaction	$ 227	$ 233	$ 645	$ 830

Note 13 - Net Change in Opera_3

Note 13 - Net Change in Operating Assets and Liabilities - Net Change in Operating Assets and Liabilities (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 31, 2024	Aug. 31, 2023	Aug. 31, 2024	Aug. 31, 2023
Other assets	$ (50)	$ (422)	$ (86)	$ 432
Accounts payable and accrued liabilities	(427)	1,039	254	885
Accrued payroll and related benefits	340	559	(741)	(596)
Income taxes payable	(279)	0	319	0
Remediation	(58)	(966)	(134)	(975)
Increase (Decrease) in Operating Capital	$ (474)	$ 210	$ (388)	$ (254)

Note 14 - Supplemental Cash F_3

Note 14 - Supplemental Cash Flow Information - Supplemental Cash Flow Disclosures (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 31, 2024	Aug. 31, 2023	Aug. 31, 2024	Aug. 31, 2023
Interest and dividends received	$ 365	$ 561	$ 3,445	$ 3,237
Income taxes paid	$ 437	$ 0	$ 537	$ 75