NovaGold Resources Inc
(NYSE MKT:NG)

NovaGold Resources Inc. explores for and develops gold mineral properties in the United States. It primarily owns 50% interest in the Donlin Gold project consisting of 493 mining claims covering an area of 71,420 acres located in the Kuskokwim region of southwestern Alaska. The company was formerly ...

Website: http://www.novagold.com

Founded: 1984

Full Time Employees: 12

Sector: Basic Materials

Industry: Gold

Materials Gold

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Quarterly

Annual

Unit: USD	2025-08-31	2025-05-31	2025-02-28	2024-11-30	2024-08-31	2024-05-31	2024-02-29	2023-11-30	2023-08-31	2023-05-31	2023-02-28	2022-11-30	2022-08-31	2022-05-31	2022-02-28	2021-11-30	2021-08-31	2021-05-31	2021-02-28	2020-11-30	2020-08-31	2020-05-31	2020-02-29	2019-11-30	2019-08-31	2019-05-31	2019-02-28	2018-11-30	2018-08-31	2018-05-31	2018-02-28	2017-11-30	2017-08-31	2017-05-31	2017-02-28	2016-11-30	2016-08-31	2016-05-31	2016-02-29	2015-11-30	2015-08-31	2015-05-31	2015-02-28	2014-11-30	2014-08-31	2014-05-31	2014-02-28	2013-11-30	2012-08-31	2012-03-01	2012-02-29	2011-10-12	2011-07-13	2011-02-28	2010-08-31	2010-05-31	2010-02-28	2010-02-11	2009-08-31	2009-05-31	2009-02-28	2008-08-31	2008-05-31	2008-02-29	2007-11-30	2007-08-31	2007-05-31	2007-02-28	2006-08-31	2006-05-31	2006-02-28	2005-11-30	2005-08-31	2005-05-31	2005-03-04	2005-02-28	2004-11-30	2004-10-14	2004-10-12	2004-08-31	2004-06-03	2004-05-31	2004-04-29	2004-02-29	2003-10-30

assets
cash and cash equivalents	58,169,000	293,737,000																																																1,000
term deposits	67,000,000	25,000,000
other assets	997,000	2,655,000
current assets	126,166,000	321,392,000
investment in donlin gold	214,948,000	4,248,000
liabilities
accounts payable and accrued liabilities	2,225,000	2,421,000
accrued payroll and related benefits	2,129,000	1,423,000
income taxes payable
other liabilities	335,000	345,000
current liabilities	4,689,000	4,189,000
promissory note	162,622,000	158,795,000
equity
common shares	2,251,186,000	2,225,705,000
contributed surplus	134,941,000	132,941,000																																																36,281
accumulated deficit	-2,183,969,000	-2,168,323,000
accumulated other comprehensive loss	-25,046,000	-25,046,000
operating expenses:
general & administrative	6,279,000	5,819,000
equity loss – donlin gold	7,450,000	6,463,000	2,299,000	2,441,250	2,814,000	3,990,000	2,961,000	3,999,000	3,978,000	7,543,000	4,475,000	5,473,250	9,412,000	8,441,000	4,040,000	3,228,500	6,748,000	4,198,000	1,968,000	2,854,500	6,150,000	3,700,000	1,568,000	1,665,500	3,141,000	2,198,000	1,323,000	1,815,000	2,514,000	2,905,000	1,841,000	1,948,500	3,165,000	2,547,000	2,082,000	1,621,250	1,980,000	2,502,000	2,003,000
income from operations	-13,729,000	-12,282,000	-7,101,000	-9,110,000	-7,934,000	-11,593,000	-9,220,000	-7,931,000	-9,221,000	-13,078,000	-10,082,000	-10,959,000	-14,284,000	-13,812,000	-9,217,000	-8,717,000	-11,631,000	-9,190,000	-7,297,000	-7,973,000	-10,895,000	-8,087,000	-6,282,000	-7,520,000	-7,216,000	-6,413,000	-5,663,000	-6,042,000	-6,922,000	-8,195,000	-6,779,000	-8,753,000	-8,423,000	-7,558,000	-8,963,000	-6,804,000	-6,422,000	-7,391,000	-9,530,000	-6,585,000	-6,579,000	-7,246,000	-11,286,000	-7,588,000	-10,755,000	-8,264,000	-11,333,000
yoy	73.04%	5.94%	-22.98%	14.87%	-13.96%	-11.35%	-8.55%	-27.63%	-35.45%	-5.31%	9.38%	25.72%	22.81%	50.29%	26.31%	9.33%	6.76%	13.64%	16.16%	6.02%	50.98%	26.10%	10.93%	24.46%	4.25%	-21.74%	-16.46%	-30.97%	-17.82%	8.43%	-24.37%	28.64%	31.16%	2.26%	-5.95%	3.33%	-2.39%	2.00%	-15.56%	-13.22%	-38.83%	-12.32%	-0.41%
qoq	11.78%	72.96%	-22.05%	14.82%	-31.56%	25.74%	16.25%	-13.99%	-29.49%	29.72%	-8.00%	-23.28%	3.42%	49.85%	5.74%	-25.05%	26.56%	25.94%	-8.48%	-26.82%	34.72%	28.73%	-16.46%	4.21%	12.52%	13.24%	-6.27%	-12.71%	-15.53%	20.89%	-22.55%	3.92%	11.44%	-15.68%	31.73%	5.95%	-13.11%	-22.44%	44.72%	0.09%	-9.21%	-35.80%	48.73%	-29.45%	30.14%	-27.08%
operating margin %	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%
other income:
warrant expense		-39,607,000
interest expense - promissory note	-3,827,000	-3,707,000
interest and dividend income	1,240,000	1,585,000	1,035,000	1,113,000	1,194,000	1,520,000	1,551,000
other income	670,000	-264,000	516,000	987,000	-14,000	674,000	1,048,000	-4,302,000	1,435,000	1,424,000	2,225,000	1,021,000	147,000	317,000	524,000	-232,000	818,000	-705,000	-79,000	-30,000	-982,000	1,694,000	887,000	4,025,000	-581,000	1,254,000	-303,000	190,000	-1,112,000	-1,357,000	-1,370,000	-751,000	-1,903,000	-806,000	-1,127,000	-422,000	-885,000	-1,730,000	-385,000
income before income taxes	-15,646,000	-54,275,000	-9,116,000	-10,991,000	-10,587,000	-13,101,000	-10,218,000			-14,649,000	-10,584,000																			-9,552,000	-8,149,000	-9,504,000	-10,326,000	-8,364,000	-10,090,000	-7,226,000	-7,307,000	-9,121,000	-9,915,000	-7,029,000	-6,291,000	-9,190,000	-9,289,000	-8,346,500	-12,008,000	-10,637,000	-10,741,000
income tax expense				-213,750	-156,000	-599,000	-100,000	-18,750			-75,000					-27,500	-110,000			-198,500	-266,000	-264,000	-264,000	-306,000	-259,000	-356,000	-357,000	-372,000	-9,000	-79,000	-66,000	-514,000	-67,000	-98,000	-53,000	-124,000	-74,000		-62,000
net income	-15,646,000	-54,275,000	-9,116,000	-10,860,000	-10,743,000	-13,700,000	-10,318,000	-10,421,000	-11,074,000	-14,649,000	-10,659,000	-12,255,000	-16,123,000	-14,970,000	-9,995,000	-10,269,000	-11,790,000	-10,521,000	-7,956,000	-7,000,000	-12,736,000	-7,233,000	-6,595,000	-7,867,000	-8,056,000	-5,515,000	-6,323,000	-6,294,000	-88,625,000	-9,631,000	-8,215,000	-10,018,000	-10,393,000	-8,462,000	-10,143,000	-7,350,000	-7,381,000	-9,138,000	-9,977,000	-7,168,000	-6,301,000	-9,184,000	-9,299,000	-8,345,250	-12,009,000	-10,681,000	-10,691,000
yoy	45.64%	296.17%	-11.65%	4.21%	-2.99%	-6.48%	-3.20%	-14.97%	-31.32%	-2.14%	6.64%	19.34%	36.75%	42.29%	25.63%	46.70%	-7.43%	45.46%	20.64%	-11.02%	58.09%	31.15%	4.30%	24.99%	-90.91%	-42.74%	-23.03%	-37.17%	752.74%	13.81%	-19.01%	36.30%	40.81%	-7.40%	1.66%	2.54%	17.14%	-0.50%	7.29%	-14.11%	-47.53%	-14.02%	-13.02%
qoq	-71.17%	495.38%	-16.06%	1.09%	-21.58%	32.78%	-0.99%	-5.90%	-24.40%	37.43%	-13.02%	-23.99%	7.70%	49.77%	-2.67%	-12.90%	12.06%	32.24%	13.66%	-45.04%	76.08%	9.67%	-16.17%	-2.35%	46.07%	-12.78%	0.46%	-92.90%	820.21%	17.24%	-18.00%	-3.61%	22.82%	-16.57%	38.00%	-0.42%	-19.23%	-8.41%	39.19%	13.76%	-31.39%	-1.24%	11.43%	-30.51%	12.43%	-0.09%
net income margin %	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%
other comprehensive income:
foreign currency translation adjustments		556,000	-496,000	-665,000	48,000	-33,000	15,000	-48,000	85,000	10,000	-101,000	-631,000	-761,000	86,000	178,000	-428,000	-1,457,000	1,694,000	778,000	201,000	2,345,000	-1,159,000	-455,000	26,000	900,000	-1,397,000	519,000	-277,000	-2,448,000	-3,205,000	1,868,000	-8,529,000	22,502,000	-4,884,000	3,325,000	-7,204,000	-127,000	9,699,000	-4,022,000
comprehensive loss	-15,646,000	-53,719,000	-9,612,000	-11,525,000	-10,695,000	-13,733,000	-10,303,000	-10,469,000	-10,989,000	-14,639,000	-10,760,000	-12,886,000	-16,884,000	-14,884,000	-9,817,000	-10,697,000	-13,247,000	-8,827,000	-7,178,000	-6,799,000	-10,391,000	-8,392,000	-7,050,000	-7,841,000	-7,156,000	-6,912,000	-5,804,000			-13,001,000	-6,441,000				-6,604,000				-13,963,000
net loss per common share – basic and diluted	-40	-150
weighted-average shares outstanding
basic and diluted	406,508,000	350,213,000	334,642,000	334,458,000	334,520,000	334,380,000	334,366,000	334,057,000	334,158,000	334,010,000	333,948,000	333,236,000	333,337,000	333,232,000	332,940,000	331,546,000	331,641,000	331,400,000	331,295,000	329,269,000	329,598,000	329,111,000	328,286,000	325,785,000	326,050,000	325,245,000	324,749,000	322,487,000	322,501,000	322,305,000	322,291,000	321,659,000	321,683,000	321,662,000	321,428,000	319,774,000	319,967,000	319,782,000	319,343,000	317,850,000	317,862,000	317,862,000	317,780,000	317,203,000	317,288,000	317,295,000	316,932,000								223,407	217,112
general and administrative			4,802,000	5,954,000	5,120,000	7,603,000	6,259,000	5,398,000	5,243,000	5,535,000	5,607,000	4,689,000	4,872,000	5,371,000	5,177,000	5,006,000	4,883,000	4,992,000	5,329,000	4,889,000	4,745,000	4,387,000	4,714,000	3,691,000	4,075,000	4,215,000	4,340,000	4,504,000	4,408,000	4,896,000	4,685,000	4,639,000	4,646,000	4,786,000	6,731,000	4,072,000	4,222,000	4,561,000	7,324,000	4,173,000	4,062,000	3,150,000	8,502,000	4,667,000	5,037,000	4,640,000	7,702,000	21,969,000	1,067,000		807,000	1,254,000	1,553,000	858,000	1,086,000	1,283,000	1,256,000	4,294,000	2,430,000	956,000	1,580,000	343,000	1,419,000	1,580,000	4,573,000	1,081,000	1,177,000	1,230,000	1,192,000	745,000	675,000	2,890,000	516,000	597,000	2,263,000	495,000	2,263	434,000	434,000	434,000	1,834,000	526,000	517,000	517,000	343,000
interest expense on promissory note			-3,566,000	-3,642,000	-3,833,000	-3,702,000	-3,597,000	-3,474,000	-3,433,000	-3,212,000	-2,944,000	-2,568,000	-2,198,000	-1,684,000	-1,512,000	-1,502,000	-1,506,000	-1,480,000	-1,434,000	-1,426,000	-1,428,000	-1,400,000	-1,760,000
net income per common share – basic and diluted			-30	-30	-30	-40	-30	-30	-30	-40	-30	-40	-50	-40	-30	-30	-40	-30	-20	-20	-40	-20	-20
accretion of note receivable										217,000
accretion of notes receivable									145,000		217,000	218,000	212,000	209,000	210,000	209,000	639,000	854,000	854,000	854,000	835,000	824,000	824,000
income before income taxes and other items								-9,076,750	-11,074,000			-10,272,000	-16,123,000	-14,970,000	-9,995,000	-7,539,250	-11,680,000	-10,521,000	-7,956,000	-8,575,000	-12,470,000	-6,969,000	-6,331,000	-7,561,000	-7,797,000	-5,159,000	-5,966,000	-5,852,000	-8,034,000
other comprehensive gain:
other comprehensive loss:
net income from continuing operations																								-7,867,000	-8,056,000	-5,515,000	-6,323,000	-6,224,000	-8,043,000																		-10,691,000
net income from discontinued operations, net of tax																												-70,000	-80,582,000
unrealized loss on marketable securities, net of nil, 6, nil, and 41 tax recovery, respectively
reclassification of cumulative translation adjustment included in net income from discontinued operations																													-13,776,000
continuing operations																								-30	-20	-20	-20	-20	-20																		-10,691,000
discontinued operations																													-250
unrealized loss on marketable securities, net of nil, 24, nil, and 35 tax recovery, respectively
unrealized loss on marketable securities, net of nil and 11 tax recovery, respectively
other comprehensive (income) loss:
unrealized gain on marketable securities, net of 6, , 41 and (23) tax recovery (expense), respectively																												-71,250	-26,000
other comprehensive income																												-4,461,500	-16,250,000		1,774,000	5,281,500	22,550,000	-4,963,000	3,539,000
comprehensive income																												-31,079,250	-104,875,000			-18,459,000	12,157,000	-13,425,000		-14,714,000	-7,466,000	1,120,000
equity loss – galore creek																														394,000	253,000	246,750	612,000	225,000	150,000	181,500	212,000	320,000	194,000
unrealized gain on marketable securities, net of 24, 12, 35 and (21) tax recovery (expense), respectively																														-165,000
other comprehensive loss																														-3,370,000									-3,986,000
net income per common share
basic and diluted																														-30	-30	-30	-30	-30	-30	-30	-20	-30	-30
unrealized gain on marketable securities, net of 11 and (33) tax recovery (expense), respectively																															-94,000
unrealized gain on marketable securities, net of 2, 6, 23 and 92 tax expense (recovery), respectively																																45,750	48,000
unrealized gain on marketable securities, net of (12), 83, 21 and 86 tax expense (recovery), respectively																																		-79,000
unrealized gain on marketable securities, net of 33 and 3 tax expense, respectively																																			214,000
studies and evaluation
depreciation																																				6,250	8,000	8,000	9,000	9,000	8,000	9,000	9,000	9,000	9,000	8,000	10,000
unrealized holding gains on marketable securities during period																																				-160,000	42,000	559,000
reclassification adjustment for losses included in net income
net unrealized gain, net of , 10, (92),and 14 tax (expense) recovery																																				159,250	42,000
the accompanying notes are an integral part of these condensed consolidated interim financial statements.
income tax (expense) recovery																																						-17,000		-3,500	-10,000	6,000	-10,000	1,250	-1,000
net unrealized gain, net of (83), , (86),and 4 tax (expense) recovery																																						559,000
unrealized gain on marketable securities, net of and 10 tax (expense) recovery, respectively																																							36,000
equity loss of affiliates																																								2,254,500	2,457,000	3,939,000	2,622,000	2,980,000	5,709,000	3,616,000	3,621,000
exploration and evaluation																																								88,250	52,000	148,000	153,000
interest income																																								139,250	192,000	187,000	178,000	205,000	183,000	150,000	316,000					83,000	573,000	85,000	128,000	125,000	98,000	414,000	106,000	146,000	813,000	1,024,000	126,000	813,000	6,011,000	1,898,000	1,633,000	948,000	2,167,000	2,165,000	674,000	1,510,000	367,000	252,000	1,289,000	403,000	1,289,000	280,000	280,000	280,000	346,000	367,000	368,000	368,000	62,000
interest expense																																								-1,036,500	-1,045,000	-1,458,000	-1,643,000	-1,307,250	-1,609,000	-1,562,000	-2,058,000
foreign exchange gain																																								1,089,000	1,141,000	-247,000	3,462,000	2,167,000	173,000	-1,101,000	2,449,000								134,000													739,000
write-down of investments																																								-106,500		-426,000																														28,000									105,000
other																																															-115,000
loss per common share
basic and diluted																																								-20	-20	-30	-30	-27.5	-40	-30	-30
write-down of assets
gain on derivative liabilities																																												58,000		140,000
write-down of marketable equity securities
income tax recovery																																														-44,000	50,000	-8,355,000	2,373,000		4,646,000																					2,601,000
net income from discontinued operations
net income attributable to non-controlling interest
net income attributable to shareholders																																															-10,691,000
net income attributable to shareholders:
decommissioning																																																191,000
corporate development and communication																																																152,750	375,000		108,000	87,000	208,000	217,000	306,000	432,000	67,000	1,478,000			263,000	395,000	616,000	263,000	2,352,000	405,000	635,000	952,000	324,000	527,000	157,000	1,115,000	231,000	461,000			771			155,000	772,000	262,000	130,000	130,000	128,000
foreign exchange loss																																																	8,422,000								4,529,000					6,977,000			3,639,000		2,976,000						3,000		-56,000							90,000
mineral property expenses																																																434,250	93,000		747,000
professional fees																																																721,000	721,000		333,000	1,525,000	1,528,000	733,000	661,000	332,000	858,000	4,244,000	274,000	1,308,000	643,000	348,000	918,000	643,000	6,521,000	1,826,000	1,566,000	1,143,000	5,368,000	527,000	576,000	1,175,000	172,000	441,000	851,000	118,000	851	166,000	166,000	166,000	836,000	316,000	139,000	139,000	145,000
project care and maintenance																																																1,676,000	1,790,000		2,583,000	5,088,000	6,347,000	7,876,000	6,506,000	5,483,000	8,599,000	39,561,000	8,587,000	6,879,000		5,408,000	3,801,000
salaries and severance																																																2,778,250	4,717,000
salaries – share-based payments																																																3,873,250	2,936,000		3,837,000
share of losses – donlin gold																																																3,329,750	5,020,000		4,621,000
share of losses – galore creek																																																4,466,250	9,513,000		17,544,000
other gain
operating income																																																16,273,500	31,385,000		6,491,000
finance income
finance expense																																																2,903,500	3,994,000		3,709,000
finance costs – net																																																2,568,750	3,826,000		3,575,000
gain on sale of inventory
gain on sale of land and equipment
gain on derivative liability
gain on embedded derivative liability
gain on transfer of assets
inventory write down																																																				6,933,000
income for the period before income taxes																																																21,272,750			16,198,000
income for the period																																																22,387,500			20,844,000																				102,000
unrealized loss on available-for-sale investments
exchange gain on translating foreign subsidiaries																																																	3,190,000
other comprehensive income for the period																																																	2,683,000		3,849,000
total comprehensive income for the period																																																20,292,500			24,693,000
income per share
basic																																																0.083			0.09
diluted																																																0.043
basic weighted-average number of shares																																																	279,715		232,084
diluted weighted-average number of shares																																																	279,715
balance, december 1, 2010																																																2,157.25	225,992		1,117,870
loss for the period																																																		11,336																-4,159,000
issuance for acquisition of copper canyon																																																	4,171
exercise of warrants																																																	8,785		100,203
conversion of foreign currency warrants
exercise of options																																																	749		662
share-based payments																																																	313
performance share unit (“psu”) expense
deferred share unit (“dsu”) grant
balance, august 31, 2011																																																2,157.25	239,697
shares held by a wholly- owned subsidiary																																																	9
balance, december 1, 2011																																																2,157.25	239,976
return of capital on plan of arrangement
net income for the period
issued pursuant to financing																																																	35,000		316,417
issued for vested psu																																																	87		177
issued for vested dsu																																																	4
excess value over fair value - performance share unit
psu expense
dsu grants
balance, august 31, 2012																																																1,983.75	279,787
long-term debt
shareholders’ equity
novacopper shares (unlimited authorized, actual: 200, pro forma as																																																		27,280
adjusted: 48,412,244)
preferred shares (unlimited authorized; actual: nil; pro forma as
adjusted: nil)
deficit																																																		-32,310
total shareholders’ equity																																																		31,251
total capitalization																																																		31,252
for the year ended, and as at:
total revenues
yoy
qoq
general and administrative expense																																																		1,338
mineral property expense																																																		8,492		15,507,000	4,573,000	219,000
accretion and interest expense																																																		974
total expenses and other items																																																		11,336
loss per common share – basic and diluted																																																		97
decommissioning liabilities
salaries																																																			2,469,000	2,442,000	2,075,000	1,275,000	1,282,000	2,926,000	1,115,000	5,364,000	986,000	1,045,000	1,405,000	1,190,000	1,566,000	1,405,000	5,427,000	1,625,000	1,699,000	1,287,000	1,141,000	1,099,000	827,000	2,589,000
other loss																																																			34,000
unrealized gains on available-for-sale investments																																																			1,650,000
exchange gains on translating foreign subsidiaries																																																			2,555,000
diluted weighted average number of shares																																																			239,145
in thousands of canadian dollars,
except share amounts
performance share unit vesting
deferred share unit grants
balance, february 28, 2011																																																			1,218,735
balance, november 30, 2011																																																			1,288,917
excess value over fair value
performance share unit share-based payments																																																			2,887
balance, february 29, 2012																																																			1,643,421
revenue
land, gravel, gold and other revenue																																																				81,000	193,000	26,000	334,000	67,000	348,000	1,195,000	331,000	226,000	902,000	469,000	167,000	902,000	1,065,000	344,000	342,000	126,000	307,000	90,000	779,000	2,172,000	863,000	202,000	2,462,000	144,000	2,462,000	1,048,000	1,048,000	1,048,000	1,246,000	238,000	379,000	379,000	351,000
revenue - sum																																																				164,000	766,000																		1,453,000		1,230,000		3,751,000		3,751,000
cost of sales																																																				56,000	55,000	40,000	116,000	63,000	24,000	265,000	176,000	7,000	3,000	66,000	18,000	3,000	165,000	69,000	29,000	12,000	83,000	42,000	44,000	428,000	156,000	45,000	282,000	32,000	282,000	121,000	121,000	121,000	333,000		12,000	12,000	54,000
expenses and other items
equity loss																																																				6,589,000	5,562,000	2,487,000
foreign exchange (gain) loss																																																					162,000	121,000					109,000				747,000			1,002,000				1,994,000											1,111,000
interest and accretion expense																																																				4,017,000
salaries – stock-based compensation																																																				1,295,000	1,514,000	2,091,000	688,000	1,050,000	1,393,000	9,623,000			189,000	426,000	1,807,000	189,000	1,995,000	1,203,000	580,000	322,000
total expenses																																																				36,802,000	27,082,000	19,538,000			32,440,000	85,790,000	20,934,000
loss before other items
other items
accretion income
asset impairment – power transmission rights
asset impairment – rock creek project
asset reclamation obligation																																																				20,572,000
gain on disposition of alluvial gold properties
gain on disposition of equipment
loss for the period before income taxes																																																																		-5,390,000	-2,550,000
future income tax recovery – power transmission rights
future income tax (recovery) expense																																																													2,217,000
attributable to the shareholders of the company
attributable to non-controlling interest
power transmission rights
operating and other expenses
loss for the period – attributable to the shareholders of the company
deficit – beginning of period																																																																		-126,964,000	-123,752,000
deficit – end of period																																																																		-131,123,000	-126,964,000
loss per share – attributable to the shareholders of the company
basic and diluted
weighted-average number of shares																																																				238,577	233,995	187,867			139,038	172,654						105,041	99,559	104,603	97,182	91,696	89,776	88,462		66,954	67,221,488	66,181,143	59,160,082	65,827,537	59,160,082	58,659,954	58,659,954	58,659,954		54,094,759	53,281,145	53,281,145	42,810,076
interest and accretion																																																					3,560,000	3,661,000	3,912,000	3,768,000	8,231,000	18,470,000	3,446,000	4,164,000
future income tax expense																																																					300,000														662,000
operating expenses
income before other items																																																										84,446,000
exploration																																																							13,674,000	5,238,000	6,392,000	17,916,000	3,766,000	4,403,000	3,865,000	263,000	207,000	61,000	921,000	428,000	205,000														120,000
project suspension cost recovery
gain on disposal of mineral properties
asset impairment
loss on disposal of fixed assets																																																											532,000	82,000
non-controlling interest																																																							3,277,000						15,200,000			15,200,000
future income tax recovery																																																							796,000											-1,231,000		336,000	3,451,000
loss for the period after income taxes																																																																			-3,212,000
loss per share
basic and diluted																																																																		-0.04	-0.03								-0.14
weighted-average number of shares																																																				238,577	233,995	187,867			139,038	172,654						105,041	99,559	104,603	97,182	91,696	89,776	88,462		66,954	67,221,488	66,181,143	59,160,082	65,827,537	59,160,082	58,659,954	58,659,954	58,659,954		54,094,759	53,281,145	53,281,145	42,810,076
basic and diluted	406,508,000	350,213,000	334,642,000	334,458,000	334,520,000	334,380,000	334,366,000	334,057,000	334,158,000	334,010,000	333,948,000	333,236,000	333,337,000	333,232,000	332,940,000	331,546,000	331,641,000	331,400,000	331,295,000	329,269,000	329,598,000	329,111,000	328,286,000	325,785,000	326,050,000	325,245,000	324,749,000	322,487,000	322,501,000	322,305,000	322,291,000	321,659,000	321,683,000	321,662,000	321,428,000	319,774,000	319,967,000	319,782,000	319,343,000	317,850,000	317,862,000	317,862,000	317,780,000	317,203,000	317,288,000	317,295,000	316,932,000								223,407	217,112
expenses
gain on disposal of investments
loss on disposal of property, plant and equipment																																																										9,707,000
loss for the year before income taxes
loss for the year after income taxes
deficit – beginning of year
deficit – end of year
corporate development and																																																																											771,000			155,000	155,000
communication																																																											534,000	455,000
gain on dilution from equity investment																																																																		-87,000
income from equity investment																																																													5,000	263,000			648,000			547,000		92,000
gain on disposal of investment
write-down of mineral properties																																																																											250,000		250				1,586,000
earnings for the period before
income taxes
earnings for the period after
earnings per share
basic and diluted
weighted-average number of shares																																																				238,577	233,995	187,867			139,038	172,654						105,041	99,559	104,603	97,182	91,696	89,776	88,462		66,954	67,221,488	66,181,143	59,160,082	65,827,537	59,160,082	58,659,954	58,659,954	58,659,954		54,094,759	53,281,145	53,281,145	42,810,076
basic																																																											189,911	182,213	105,041	105,170	105,152
diluted																																																											189,911	182,213	108,542	107,289	105,152
loss on dilution from equity investment
gain from equity investment
earnings for the period before income taxes																																																													26,380,000	16,649,000		30,184,000
earnings for the period after income taxes																																																													24,163,000	16,718,000		27,967,000
earnings per share
basic																																																													0.23	0.16		0.27
diluted																																																													0.22	0.16		0.26
mineral property write-downs																																																														5,408,000
gain on disposal of power projects
future income tax (expense) recovery																																																														69,000	443,000
(gain) loss on dilution from equity investment																																																																			-28,000
other income - sum																																																																1,715,000
loss from equity investment																																																																5,000							38,000		259,000
reclamation																																																																						52,000		132,000
project suspension costs																																																																	93,105,000
gain on sale of investment																																																																			-4,196,000
loss for the year																																																																											-8,376,000
(income) income from equity investment																																																																		80,000	-118,000
exploration and mineral property write-downs																																																																				39,000				498,000	530,000
income for the period after income taxes
deficit - beginning of period
deficit - end of period
salaries - stock-based compensation																																																																					1,214,000	3,506,000	205,000	3,424,000
income per share
basic and diluted
weighted average number of shares																																																																							76,369										48,683,103
mineral property recovery in excess of costs
minority interest																																																																											116,000		116				138,000	62,000	64,000	64,000
deficit - beginning of year																																																																											-74,256,000
deficit - end of year																																																																											-82,632,000
expenses and other
stock-based compensation																																																																									127,000		5,788,000	4,209,000	5,788	336,000	336,000	336,000	23,000	5,452,000
wages and benefits																																																																									687,000	764,000	2,203,000	638,000	2,203	449,000	449,000	449,000	1,927,000	570,000	409,000	409,000	429,000
expenses and other - sum																																																																									2,266,000
gain on settlement of convertible royalty
mineral property recovery in excess of																																																																											-109,000
costs
corporate development and communications																																																																												219,000
interest on convertible debt instruments
murray brook mine site maintenance
write-off of accounts payable
cost of sale																																																																																		24,000
gain on settlement of convertible debenture
non-controlling interests																																																																																					10,000

Balance Sheets:

Quarterly

Annual

Unit: USD	2025-08-31	2025-05-31	2025-02-28	2024-11-30	2024-08-31	2024-05-31	2024-02-29	2023-11-30	2023-08-31	2023-05-31	2023-02-28	2022-11-30	2022-08-31	2022-05-31	2022-02-28	2021-11-30	2021-08-31	2021-05-31	2021-02-28	2020-11-30	2020-08-31	2020-05-31	2020-02-29	2019-11-30	2019-08-31	2019-05-31	2019-02-28	2018-11-30	2018-08-31	2018-05-31	2018-02-28	2017-11-30	2017-08-31	2017-05-31	2017-02-28	2016-11-30	2016-08-31	2016-05-31	2016-02-29	2015-11-30	2015-08-31	2015-05-31	2015-02-28	2014-08-31	2014-05-31	2014-02-28	2013-11-30	2013-10-09	2013-08-31	2013-07-10	2013-05-31	2013-04-10	2013-02-28	2012-08-31	2012-05-31	2012-03-01	2012-02-29	2011-12-15	2011-10-12	2011-08-31	2011-07-13	2011-05-31	2011-03-01	2011-02-28	2010-08-31	2010-05-31	2010-02-28	2010-02-11	2009-12-07	2009-11-30	2009-08-31	2009-05-31	2009-02-28	2008-08-31	2008-05-31	2008-02-29	2007-08-31	2007-05-31	2007-02-28	2006-08-31	2006-05-31	2006-02-28	2005-11-30	2005-08-31	2005-05-31	2005-03-04	2005-02-28	2004-11-30	2004-10-14	2004-10-12	2004-08-31	2004-06-03	2004-05-31	2004-04-29	2004-02-29	2003-10-30

assets
cash and cash equivalents	58,169,000	293,737,000	33,969,000	42,224,000	45,572,000	52,568,000	37,503,000	45,749,000	44,079,000	46,954,000	54,161,000	63,882,000	61,932,000	72,292,000	77,133,000	91,124,000	117,793,000	51,788,000	63,193,000	60,906,000	45,348,000	53,329,000	59,699,000	67,549,000	53,881,000	17,986,000	22,777,000	21,004,000	13,956,000	18,477,000	20,931,000	27,954,000	21,642,000	21,623,000	18,239,000	30,274,000	28,455,000	31,743,000	36,938,000		44,987,000	49,696,000	66,957,000	70,844,000	71,329,000	72,322,000		100,793,000	100,793,000	222,889,000	222,889,000	309,345,000	309,345,000	267,437,000	301,191,000	1,000	342,576,000		91,611,000	91,611,000	111,570,000	111,570,000	1,000	129,284,000	172,779,000	175,510,000	17,858,000	38,180,000		38,180,000	46,389,000	56,088,000	78,833,000	21,364,000	37,604,000	13,812,000	126,682,000	196,748,000	53,699,000	157,774,000	202,675,000	216,896,000	33,317,000	65,842,000	38,269,000	56,142,000	48,247,000	56,142,000	50,828,000	50,828,000	50,828,000	17,604,830	57,447,000	58,989,000	58,989,000	11,728,000
term deposits	67,000,000	25,000,000	59,000,000	59,000,000	60,000,000	60,000,000	80,000,000	80,000,000	86,000,000	62,000,000	62,000,000	62,000,000	70,000,000	70,000,000	78,000,000	78,000,000	55,548,000	55,799,000	51,000,000	61,000,000	81,000,000	81,000,000	81,000,000	81,000,000	99,000,000	139,000,000	139,000,000	146,000,000	152,000,000	52,000,000	56,000,000	56,000,000	66,900,000	71,900,000	80,000,000	75,000,000	80,000,000	80,000,000	80,000,000									115,830,000	115,830,000
other assets	997,000	2,655,000	1,669,000	1,530,000	1,536,000	1,377,000	2,389,000	1,470,000	1,816,000	1,371,000	2,407,000	2,235,000	977,000	1,017,000	1,310,000	327,000	529,000	854,000	1,136,000	1,869,000	1,158,000	1,013,000	1,052,000	1,790,000	1,834,000	2,054,000	1,718,000	2,379,000	5,740,000	819,000	898,000	883,000	1,594,000	1,424,000	1,912,000	2,064,000	1,520,000	2,423,000	2,647,000		3,043,000	3,178,000	3,362,000	3,303,000	3,769,000	5,315,000		1,979,000	1,979,000	2,327,000	2,327,000	2,333,000	2,333,000
current assets	126,166,000	321,392,000	94,638,000	102,754,000	107,108,000	113,945,000	119,892,000	127,219,000	131,895,000	135,180,000	143,206,000	152,538,000	157,113,000	143,309,000	156,443,000	169,451,000	173,870,000	183,007,000	189,243,000	196,386,000	200,117,000	135,342,000	141,751,000	150,339,000	154,715,000	159,040,000	163,495,000	169,383,000	171,696,000	71,296,000	77,829,000	84,837,000	90,136,000	94,947,000	100,151,000	107,338,000	109,975,000	114,166,000	119,585,000		133,030,000	137,874,000	160,319,000	174,147,000	180,098,000	187,637,000
investment in donlin gold	214,948,000	4,248,000	3,912,000	2,597,000	3,504,000	3,454,000	3,733,000	3,071,000	3,099,000	4,602,000	5,117,000	3,848,000	6,608,000	7,582,000	5,472,000	3,576,000	4,725,000	4,572,000	3,592,000	2,614,000	4,005,000	3,462,000	2,872,000	1,840,000	2,193,000	1,494,000	783,000	1,209,000	1,642,000	1,824,000	993,000	1,100,000	1,197,000	1,300,000	1,279,000	951,000	1,761,000	1,287,000	903,000
liabilities
accounts payable and accrued liabilities	2,225,000	2,421,000	934,000	1,371,000	964,000	1,277,000	568,000	703,000	1,654,000	610,000	515,000	769,000	807,000	660,000	536,000	682,000	646,000	557,000	563,000	900,000	968,000	532,000	586,000	880,000	570,000	489,000	709,000	710,000	713,000	752,000	538,000	727,000	2,528,000	1,818,000	1,292,000	2,837,000	2,412,000	1,686,000	1,308,000		2,524,000	2,113,000	2,016,000	2,961,000	1,853,000	1,713,000		3,150,000	3,150,000	2,323,000	2,323,000	4,183,000	4,183,000			126,000			14,060,000	14,060,000	11,820,000	11,820,000	126,000	9,717,000	11,906,000	6,807,000	9,381,000	13,132,000		13,132,000	9,422,000	8,593,000	17,932,000	35,691,000	28,804,000	30,042,000	87,207,000	43,376,000	27,528,000	28,895,000	8,495,000	8,001,000	8,885,000	14,966,000	8,389,000	6,867,000	3,298,000	6,867,000	9,196,000	9,196,000	9,196,000	613,972	3,664,000	2,761,000	2,761,000	3,146,000
accrued payroll and related benefits	2,129,000	1,423,000	714,000	2,482,000	2,059,000	1,718,000	920,000	2,799,000	1,936,000	1,376,000	642,000	2,532,000	1,773,000	1,184,000	731,000	2,637,000	1,749,000	1,178,000	627,000	2,215,000	1,674,000	1,115,000	687,000	2,143,000	2,163,000	1,214,000	616,000	2,545,000	1,960,000	1,307,000	663,000	2,513,000
income taxes payable				220,000																5,000	139,000	139,000	139,000	138,000	90,000	190,000	190,000	223,000
other liabilities	335,000	345,000	331,000	413,000	568,000	896,000	345,000	404,000	370,000	1,331,000	1,317,000	1,298,000	878,000	915,000	1,031,000	1,064,000	182,000	187,000	187,000	182,000	182,000	182,000	182,000	182,000	182,000	182,000	182,000	182,000	182,000	182,000	182,000	182,000	217,000	214,000	214,000	214,000	276,000	295,000	396,000		518,000	548,000	549,000	747,000	813,000	834,000		1,038,000	1,038,000	1,088,000	1,088,000	1,124,000	1,124,000	117,000	129,000		141,000		165,000	165,000	177,000	177,000		189,000	11,827,000	11,371,000	11,114,000	249,000		249,000	261,000	274,000	286,000	58,805,000	54,252,000	52,890,000	89,064,000	68,896,000	51,188,000	20,817,000	634,000
current liabilities	4,689,000	4,189,000	1,979,000	4,486,000	3,591,000	3,891,000	1,833,000	3,906,000	3,960,000	3,317,000	2,474,000	4,599,000	3,458,000	2,759,000	2,298,000	4,383,000	2,798,000	2,143,000	1,590,000	3,509,000	3,164,000	2,160,000	1,782,000	3,343,000	3,005,000	2,075,000	1,697,000	3,660,000	2,855,000	2,241,000	1,383,000	3,422,000	2,745,000	2,032,000	1,506,000	3,051,000	2,688,000	1,981,000	1,704,000		3,042,000	2,661,000	18,107,000	18,471,000	17,033,000	2,547,000
promissory note	162,622,000	158,795,000	155,087,000	151,522,000	147,880,000	144,047,000	140,345,000	136,748,000	133,274,000	129,841,000	126,629,000	123,685,000	121,117,000	118,919,000	117,235,000	115,723,000	114,221,000	112,715,000	111,235,000	109,801,000	108,375,000	106,947,000	105,547,000	103,787,000	102,047,000	100,160,000	98,299,000	96,501,000	94,784,000	93,127,000	91,534,000	90,040,000	88,693,000	87,332,000	86,025,000	84,812,000	83,660,000	82,505,000	81,352,000									74,560,000	74,560,000	72,466,000	72,466,000	71,162,000	71,162,000	66,270,000	68,547,000		64,824,000		62,521,000	62,521,000	61,034,000	61,034,000		60,424,000	64,643,000	62,433,000	62,162,000	61,532,000		61,532,000	63,009,000	62,018,000	71,352,000
equity
common shares	2,251,186,000	2,225,705,000	1,991,375,000		1,989,245,000	1,988,472,000	1,988,221,000		1,985,663,000	1,985,383,000	1,984,696,000		1,981,785,000	1,981,785,000	1,980,801,000		1,975,405,000	1,974,884,000	1,974,266,000		1,970,299,000	1,970,299,000	1,968,217,000		1,964,304,000	1,960,933,000	1,960,465,000		1,953,305,000	1,952,623,000	1,952,564,000		1,948,055,000	1,947,392,000	1,947,105,000		1,942,451,000	1,942,205,000	1,941,528,000		1,938,042,000	1,938,042,000	1,938,042,000	1,936,336,000	1,936,336,000	1,936,336,000
contributed surplus	134,941,000	132,941,000	92,149,000	93,377,000	91,459,000	91,874,000	89,747,000	88,621,000	87,691,000	85,746,000	84,293,000	82,866,000	83,130,000	81,025,000	79,904,000	82,216,000	83,283,000	81,754,000	80,277,000	81,203,000	81,135,000	79,352,000	79,719,000	82,254,000	81,972,000	83,791,000	82,717,000	87,987,000	87,627,000	86,389,000	84,506,000	83,534,000	84,888,000	83,409,000	81,648,000	82,573,000	80,756,000	79,134,000	77,941,000		79,367,000	77,601,000	76,804,000	72,237,000	70,361,000	68,439,000		9,149,000	9,149,000	9,149,000	9,149,000	7,914,000	7,914,000	7,935,000	7,935,000	36,281,000	8,138,000		8,629,000	8,629,000	8,629,000	8,629,000	36,281,000	8,629,000	8,629,000	8,629,000	9,994,000	9,994,000		9,994,000	9,994,000	9,994,000	9,994,000	9,994,000	9,994,000	9,994,000	820,000	820,000	820,000	820,000	820,000	820,000	820,000	820,000	820,000	820,000	820,000	820,000	820,000	820,000	820,000		820,000	820,000	820,000	820,000
accumulated deficit	-2,183,969,000	-2,168,323,000	-2,114,048,000	-2,104,932,000	-2,094,072,000	-2,083,329,000	-2,069,629,000	-2,059,311,000	-2,048,890,000	-2,037,816,000	-2,023,167,000	-2,012,508,000	-2,000,253,000	-1,984,130,000	-1,969,160,000	-1,959,165,000	-1,948,896,000	-1,937,106,000	-1,926,585,000	-1,918,629,000	-1,911,629,000	-1,898,893,000	-1,891,660,000	-1,885,065,000	-1,877,198,000	-1,869,142,000	-1,863,627,000	-1,857,682,000	-1,851,388,000	-1,762,763,000	-1,753,132,000	-1,744,917,000	-1,734,899,000	-1,724,506,000	-1,716,044,000	-1,705,901,000	-1,698,551,000	-1,691,170,000	-1,682,032,000		-1,664,887,000	-1,658,586,000	-1,649,402,000	-1,633,000,000	-1,620,991,000			-1,547,189,000	-1,547,189,000	-1,526,526,000	-1,526,526,000	-1,516,258,000	-1,516,258,000
accumulated other comprehensive loss	-25,046,000	-25,046,000	-25,602,000	-25,106,000	-24,441,000	-24,489,000	-24,456,000	-24,471,000	-24,423,000	-24,508,000	-24,518,000	-24,417,000	-23,786,000	-23,025,000	-23,111,000	-23,289,000	-22,861,000	-21,404,000	-23,098,000	-23,876,000	-24,077,000	-26,422,000	-25,263,000	-24,808,000	-24,834,000	-25,734,000	-24,337,000			-7,771,000				-20,284,000	-15,321,000		-11,496,000	-11,411,000	-21,671,000
total assets			102,027,000	109,753,000	114,731,000	121,577,000	126,884,000	133,290,000	138,133,000	142,870,000	151,361,000	159,189,000	166,581,000	178,514,000	188,411,000	198,852,000	204,194,000	213,296,000	218,040,000	224,441,000	228,994,000	235,031,000	239,816,000	245,835,000	249,879,000	252,497,000	255,461,000	260,929,000	263,162,000	385,125,000	393,961,000	398,869,000	413,318,000	395,404,000	405,279,000	408,261,000	420,389,000	424,135,000	419,063,000	433,584,000	442,454,000	464,818,000	485,728,000	546,260,000	555,224,000	554,243,000	578,686,000	611,157,000	611,157,000	622,100,000	622,100,000	709,663,000	709,663,000	687,695,000	725,629,000		812,299,000
total liabilities			158,153,000	157,169,000	152,540,000	149,049,000	143,001,000	141,513,000	138,092,000	134,065,000	130,057,000	129,286,000	125,705,000	122,859,000	119,977,000	120,570,000	117,263,000	115,168,000	113,180,000	113,714,000	113,266,000	110,695,000	108,803,000	107,881,000	105,635,000	102,649,000	100,243,000	100,241,000	97,639,000	116,647,000	114,424,000	114,840,000	113,008,000	109,393,000	107,891,000	107,998,000	107,229,000	105,377,000	103,297,000		103,173,000	102,958,000	117,261,000	115,917,000	113,617,000	112,042,000		98,385,000	98,385,000	94,754,000	94,754,000	172,694,000	172,694,000	194,421,000	216,518,000		243,224,000
commitments and contingencies
total equity			-56,126,000	-47,416,000	-37,809,000	-27,472,000	-16,117,000	-8,223,000	41,000	8,805,000	21,304,000	29,903,000	40,876,000	55,655,000	68,434,000	78,282,000	86,931,000	98,128,000	104,860,000	110,727,000	115,728,000	124,336,000	131,013,000	137,954,000	144,244,000	149,848,000	155,218,000	160,688,000	165,523,000	268,478,000	279,537,000	284,029,000	300,310,000	286,011,000	297,388,000	300,263,000	313,160,000	318,758,000	315,766,000		339,281,000	361,860,000	368,467,000	430,343,000	441,607,000	442,201,000		512,772,000	512,772,000	527,346,000	527,346,000	536,969,000	536,969,000	493,274,000	509,111,000		569,075,000
total liabilities and equity			102,027,000	109,753,000	114,731,000	121,577,000	126,884,000	133,290,000	138,133,000	142,870,000	151,361,000	159,189,000	166,581,000	178,514,000	188,411,000	198,852,000	204,194,000	213,296,000	218,040,000	224,441,000	228,994,000	235,031,000	239,816,000	245,835,000	249,879,000	252,497,000	255,461,000	260,929,000	263,162,000	385,125,000	393,961,000	398,869,000	413,318,000	395,404,000	405,279,000	408,261,000	420,389,000	424,135,000	419,063,000		442,454,000	464,818,000	485,728,000	546,260,000	555,224,000	554,243,000		611,157,000	611,157,000	622,100,000	622,100,000	709,663,000	709,663,000	687,695,000	725,629,000		812,299,000
authorized – 1,000 million shares, no par value
issued and outstanding – 334.6 and 334.2 million shares, respectively				1,989,245,000
notes receivable										24,855,000	24,638,000	24,421,000	24,204,000	23,991,000	23,782,000			74,566,000	73,914,000	72,611,000	72,611,000	94,327,000	93,503,000	92,679,000	91,855,000	91,050,000	90,254,000	89,459,000	88,663,000
issued and outstanding – 334.2 and 333.8 million shares, respectively								1,986,938,000
issued and outstanding – 333.8 and 332.4 million shares, respectively												1,983,962,000
issued and outstanding – 332.4 and 330.4 million shares, respectively																1,978,520,000
lease obligations																	221,000	221,000	213,000	207,000	201,000	192,000	188,000
deferred income taxes																					1,272,000	1,097,000	924,000	751,000	583,000	414,000	247,000	80,000		9,713,000	9,821,000	9,761,000	10,066,000	9,347,000	9,502,000	9,397,000	9,886,000	9,891,000	9,583,000		9,952,000	10,528,000	10,472,000	9,021,000	9,113,000	9,144,000
issued and outstanding – 330.4 and 327.6 million shares, respectively																				1,972,029,000
issued and outstanding – 327.6 and 323.2 million shares, respectively																								1,965,573,000
non-current assets held for sale
non-current liabilities held for sale
issued and outstanding – 323.2 and 322.2 million shares, respectively																												1,954,861,000
accumulated other comprehensive income																												-24,478,000	-24,021,000			-6,175,000				-18,860,000					-13,241,000	4,803,000	3,023,000	54,770,000	55,901,000	47,736,000		6,775,000	6,775,000	2,540,000	2,540,000	3,415,000	3,415,000	53,025,000	50,342,000		64,022,000		670,000	670,000	1,410,000	1,410,000		2,746,000	231,000	200,000	354,000	495,000		495,000	658,000	921,000		448,000	946,000	1,114,000	31,569,000	29,188,000	30,868,000
investment in galore creek																														251,109,000	253,395,000	251,461,000	258,880,000	240,531,000	244,174,000	241,404,000	247,317,000	247,352,000	239,732,000
mineral property																														44,970,000	45,458,000	45,179,000	46,447,000	43,131,000	43,841,000	43,359,000	44,394,000	44,414,000	43,031,000
accumulated other comprehensive gain																															-4,401,000		2,266,000
issued and outstanding – 322.2 and 320.0 million shares, respectively																																1,951,587,000
issued and outstanding – 320.0 and 317.9 million shares, respectively																																				1,942,451,000
the accompanying notes are an integral part of these condensed consolidated interim financial statements.
these condensed consolidated interim financial statements are authorized for issue by the board of directors on october 4, 2016. they are signed on the company’s behalf by:
these condensed consolidated interim financial statements are authorized for issue by the board of directors on april 4, 2016. they are signed on the company's behalf by:
/s/ gregory a. lang, director /s/ anthony p. walsh, director
loss from operations																																								-31,696,000							-55,776,000
net income from continuing operations																																								-31,952,000							-62,760,000
net loss from discontinued operations
net income attributable to shareholders																																								-31,952,000							-62,760,000
income per common share:
basic:
continuing operations																																								-100							-200
discontinued operations
diluted:
long-term liabilities																																								100,771,000							108,684,000
shareholders' equity																																								329,296,000
investments																																									85,000,000	85,000,000	90,000,000	100,000,000	105,000,000	110,000,000		2,053,000	2,053,000	2,384,000	2,384,000	2,803,000	2,803,000	2,683,000	3,192,000		4,527,000		8,122,000	8,122,000	9,115,000	9,115,000		9,843,000	7,519,000	7,225,000	5,243,000	4,287,000		4,287,000	5,335,000	4,940,000	3,633,000	130,329,000	118,968,000	109,625,000	12,031,000	12,435,000	18,064,000	7,207,000	7,231,000	4,546,000	4,069,000	4,148,000	4,408,000	1,641,000	1,641,000	1,641,000	1,641,000	1,641,000	1,641,000		1,544,000	504,000	504,000	207,000
investment in affiliates																																									248,107,000	262,092,000	260,719,000	299,694,000	302,458,000	294,920,000
mineral properties																																									44,266,000	46,830,000	46,570,000	53,552,000	53,704,000	52,566,000								510,000	510,000		510,000																																			4,471,265
debt																																											15,542,000	14,705,000	14,309,000	87,135,000
derivative liabilities																																												58,000	58,000	198,000
these condensed consolidated interim financial statements are authorized for issue by the board of directors on july 8, 2014. they are signed on the company’s behalf by:
/s/ gregory a. lang, director /s/ anthony walsh, director
accumulated deficit during exploration stage																																														-1,610,310,000
net income from discontinued operations
shareholders’ equity																																															465,649,000
accounts and notes receivable																																																2,764,000	2,764,000	2,171,000	2,171,000	2,174,000	2,174,000
prepaid expenses and deposits																																																297,000	297,000	537,000	537,000	788,000	788,000
non-current assets
equity investment – donlin gold																																																3,287,000	3,287,000	4,587,000	4,587,000	3,555,000	3,555,000	4,655,000	4,405,000		2,301,000
equity investment – galore creek																																																372,979,000	372,979,000	376,183,000	376,183,000	377,562,000	377,562,000	381,052,000	383,038,000		384,050,000
notes and other receivables																																																7,954,000	7,954,000	7,801,000	7,801,000	7,882,000	7,882,000
investment tax credits																																																3,221,000	3,221,000	3,221,000	3,221,000	3,221,000	3,221,000	3,221,000	3,221,000		3,221,000		3,271,000	3,271,000	3,271,000	3,271,000		3,271,000	3,393,000	3,393,000	3,393,000	3,393,000		3,393,000	3,393,000	3,393,000	3,393,000	3,380,000	6,708,000	6,708,000	6,708,000	6,479,000	6,307,000
convertible notes																																																19,341,000	19,341,000	18,439,000	18,439,000	76,732,000	76,732,000	69,621,000	71,121,000		66,473,000	2,586,000	63,212,000	63,212,000	61,086,000	61,086,000		59,907,000	62,959,000	60,303,000	59,584,000	58,553,000	53,942,000	58,553,000	59,555,000	58,230,000	66,614,000	53,593,000	49,211,000
embedded derivative liability – convertible notes																																																296,000	296,000	287,000	287,000	19,338,000	19,338,000	7,682,000	12,997,000		29,710,000
derivative liability – warrants																																																						16,183,000	22,393,000		35,021,000
non-current liabilities
share capital																																																1,984,683,000	1,984,683,000	1,984,502,000	1,984,502,000	1,982,799,000	1,982,799,000	1,518,153,000	1,518,141,000	27,280,000	1,643,421,000		1,140,392,000	1,140,392,000	1,136,743,000	1,136,743,000	27,280,000	1,092,669,000	1,074,795,000	1,065,480,000	883,970,000	878,086,000		878,086,000	872,114,000	868,202,000	865,796,000	760,903,000	760,779,000	760,779,000	756,982,000	756,471,000	537,845,000	535,504,000	489,020,000	485,433,000		292,186,000	243,039,000	247,511,000	242,673,000	247,511,000	227,359,000	227,359,000	227,359,000		163,607,000	160,584,000	160,584,000
warrants																																																						391,574,000	391,574,000		409,074,000		23,419,000	23,419,000	24,131,000	24,131,000		24,391,000	28,488,000	30,975,000	30,975,000	31,065,000		31,065,000	32,554,000	33,419,000	34,142,000				9,178,000	9,178,000	9,178,000	9,180,000	9,335,000	9,367,000	9,759,000	9,759,000
share-based payments																																																59,354,000	59,354,000	57,681,000	57,681,000	59,099,000	59,099,000	51,876,000	48,951,000		46,490,000
commitments
trade and other receivables																																																						858,000	1,020,000		13,891,000
deposits and prepaid amounts																																																						606,000	1,155,000	96,000	1,814,000		1,013,000	1,013,000	1,430,000	1,430,000	96,000	2,175,000	1,028,000	1,548,000	2,037,000	2,154,000		2,154,000	1,414,000	1,758,000	2,565,000	2,113,000	2,824,000	5,425,000	6,334,000	1,452,000	2,176,000	770,000	1,030,000	1,632,000	669,000	2,548,000	2,435,000	1,174,000	1,921,000	1,174,000	942,000	942,000	942,000		824,000	770,000	770,000	407,000
inventories																																																							497,000		476,000		522,000	522,000	8,093,000	8,093,000		8,110,000	463,000	439,000	15,050,000	15,547,000		15,547,000	15,438,000	15,330,000	15,236,000	10,353,000	9,165,000
assets held for sale – rock creek project																																																						19,982,000
non – current assets
other receivables																																																						4,137,000																								3,081,000	2,332,000	2,021,000	1,250,000
property, plant and equipment																																																						368,000	407,000	1,128,000	1,426,000		350,041,000	350,041,000	349,943,000	349,943,000	1,128,000	346,855,000	347,023,000	454,005,000	454,184,000	454,271,000		454,271,000	470,172,000	471,430,000	471,838,000	653,168,000	617,142,000	561,906,000	376,137,000	172,912,000	101,452,000	55,505,000	20,177,000	15,347,000	13,685,000	8,901,000	2,302,000	1,131,000	1,614,000	1,131,000	1,084,000	1,084,000	1,084,000		1,102,000	690,000	690,000	2,205,000
assets held for distribution to the shareholders																																																									31,395,000
reclamation deposits																																																						2,186,000	1,917,000		21,976,000		12,828,000	12,828,000	12,755,000	12,755,000		12,708,000	13,359,000	13,243,000	13,304,000	13,326,000		13,326,000	13,700,000	13,701,000	14,937,000	13,405,000	14,230,000	11,871,000
trade and other payables																																																						14,478,000	9,029,000		9,596,000
liabilities directly associated with assets classified as held for sale – rock creek																																																						16,634,000
current portion of decommissioning liabilities																																																						1,035,000	235,000		25,155,000
current portion of other liabilities
non – current liabilities
decommissioning liabilities																																																							1,085,000		2,523,000
deferred liability																																																									3,909,000		3,869,000	3,869,000
deferred income tax																																																						2,401,000	4,776,000		5,872,000
deficit																																																																													-131,123,000	-126,964,000								-82,632,000
nature of operations
assets held for sale																																																							20,939,000
current assets - sum																																																							324,802,000				106,287,000		139,580,000															44,475,000						223,659,000		72,965,000		58,029,000
liabilities directly associated with assets classified as held for sale																																																							26,206,000
current portion of non - current liabilities
current liabilities - sum																																																							35,470,000				42,650,000		31,561,000															57,997,000						9,171,000		15,912,000		7,966,000
mineral properties and development costs																																																								30,547,000							30,547,000
due to related parties																																																								395,000							395,000
current portion of ambler acquisition liability
ambler acquisition liability
trade and other receivables – non-current																																																									4,136,000
current portion of long-term liabilities																																																																	14,098,000	13,603,000	13,578,000	705,000		705,000	1,177,000		1,420,000
subsequent events
shareholders’ equity reported under canadian gaap																																																										604,851,000											254,489,000
cumulative adjustments to shareholders’ equity
cumulative adjustment for convertible notes embedded derivatives
cumulate adjustment for warrant derivatives
equity component of bridge loan
interest and accretion expense																																																										7,175,000											5,821,000
future income taxes																																																											15,286,000	15,286,000	15,298,000	15,298,000		96,000	7,196,000	8,015,000	8,379,000	8,524,000		8,524,000	11,801,000	12,764,000	13,346,000	46,379,000	46,440,000	46,696,000	59,758,000	51,043,000	49,947,000	51,040,000	37,770,000	34,393,000	34,393,000	36,994,000	36,994,000	30,262,000	36,994,000	30,262,000
development costs
shareholders’ equity under u.s. gaap																																																										446,960,000											132,079,000
total assets reported under canadian gaap																																																										790,000,000											777,185,000
deferred financing costs																																																										1,193,000											3,291,000
property, plant and equipment-interest capitalization																																																										3,652,000											3,491,000
total assets under u.s. gaap																																																										742,672,000											699,839,000
total liabilities reported under canadian gaap																																																										185,149,000											231,465,000
liabilities in embedded derivatives																																																										62,440,000
liabilities in derivatives																																																										45,930,000
total liabilities under u.s. gaap																																																										295,712,000											276,529,000
accounts receivable																																																											833,000	833,000	1,266,000	1,266,000		832,000	1,241,000	940,000	1,192,000	130,000		130,000	295,000	320,000	475,000	497,000	557,000	550,000	291,000	310,000	369,000					212,000	122,000	192,000	49,000	192,000	653,000	653,000	653,000		549,000	415,000	415,000	792,000
note receivable																																																											12,308,000	12,308,000	17,221,000	17,221,000
land																																																											191,000	191,000	195,000	195,000		1,876,000	1,876,000	1,892,000	1,892,000	1,892,000		1,892,000	1,894,000	1,894,000	1,894,000	1,703,000	1,703,000	1,706,000	1,713,000	1,714,000	1,716,000	1,732,000	1,741,000	1,741,000	1,754,000	1,754,000	1,757,000	1,757,000	1,757,000	1,757,000	1,757,000	1,757,000	1,757,000		1,757,000	1,757,000	1,757,000
mineral properties, rights and development costs																																																											275,406,000	275,406,000	275,014,000	275,014,000		213,812,000	266,287,000	275,355,000	275,128,000	247,130,000		247,130,000	246,065,000	246,057,000	246,056,000
current portion of asset retirement obligations																																																											28,043,000	28,043,000	7,890,000	7,890,000		7,890,000				860,000		860,000				1,690,000	1,754,000	1,755,000
current portion of capital lease obligation																																																											547,000	547,000	698,000	698,000		698,000
notes payable																																																													11,153,000	11,153,000		10,983,000
asset retirement obligations																																																											15,139,000	15,139,000	15,967,000	15,967,000		15,967,000	20,973,000	20,891,000	20,812,000	20,730,000		20,730,000	21,243,000	21,155,000	21,062,000	11,726,000	11,726,000	11,726,000
capital lease obligations																																																													26,000	26,000		198,000	488,000	759,000	976,000	1,148,000		1,148,000	1,328,000	1,564,000	1,681,000	3,042,000	3,227,000
equity component of convertible notes																																																											43,352,000	43,352,000	43,352,000	43,352,000		43,352,000	43,352,000	43,352,000	43,352,000	43,352,000		43,352,000	43,352,000	43,352,000	43,352,000	43,352,000	43,356,000
stock-based compensation																																																											34,808,000	34,808,000	34,618,000	34,618,000		33,564,000	31,845,000	31,216,000	33,641,000	31,838,000		31,838,000	30,784,000	30,105,000	23,770,000	23,082,000	22,458,000	20,281,000	20,041,000	18,170,000	17,214,000	15,663,000	14,309,000	10,816,000	10,219,000	9,880,000	9,753,000	5,811,000	9,795,000	5,811,000	5,811,000	5,811,000	5,811,000		5,475,000	23,000	23,000
non-controlling interest																																																											293,017,000	293,017,000	290,302,000	290,302,000		285,688,000	295,490,000	291,492,000	292,552,000	293,247,000		293,247,000	297,845,000	296,081,000	296,686,000	290,270,000	277,929,000	242,711,000	77,606,000
deferred charges																																																																950,000
inventory																																																																			438,000															53,000	55,000	31,000	40,000	39,000	39,000	39,000								83,000
accounts and gst receivable																																																																				942,000		942,000												746,000	2,332,000
suspension costs																																																																										7,299,000	11,630,000	32,000,000
bridge loan																																																																					66,000
nature of operations and going concern
equity investment
foreign exchange loss
total non-controlling interest under canadian and u.s. gaap																																																																					291,231,000
gst and other receivables																																																																							744,000	724,000	902,000	14,559,000	3,385,000	11,740,000	8,822,000
current portion of long term liabilities																																																																								1,109,000
subsequent event
restricted cash																																																																												4,600,000					834,000	785,000	785,000	785,000	790,000	469,000	469,000	469,000	469,000	469,000	469,000	53,500	464,000	54,000	54,000	1,353,000
temporary investments																																																																													33,967,000	31,226,000	28,646,000	3,534,000	3,534,000	3,534,000	3,534,000	3,534,000
mineral properties and related deferred costs																																																																										350,105,000	368,669,000	359,989,000	397,283,000	344,099,000	315,974,000	260,027,000	221,065,000	216,212,000	209,297,000	187,152,000	160,775,000	147,126,000	151,598,000	147,126,000	105,641,000	105,641,000	105,641,000		39,770,000	37,247,000	37,247,000	30,587,000
power project development costs																																																																											3,900,000	3,668,000	2,624,000
mineral properties held for sale																																																																										22,000,000
suspension costs – short term																																																																										3,650,000	5,815,000	16,000,000
loans payable																																																																											200,000	10,200,000
supplies inventory																																																																												8,898,000	4,445,000
reclamation bonds																																																																													25,128,000		10,370,000	8,509,000
loan payable																																																																													200,000	200,000	200,000	200,000	200,000	200,000	200,000	200,000	200,000	200,000	200,000	200,000	200,000	200,000	200,000		200,000	200,000	200,000	200,000
asset retirement obligation																																																																													863,000	867,000	873,000	700,000	700,000	970,000	1,020,000
power generation and transmission																																																																														61,045,000	60,804,000
reclamation and environmental bonds																																																																														19,744,000
accounts and officer loan receivable																																																																																580,000	589,000	684,000	763,000	697,000	697,000	710,000	710,000	710,000
power generation and transmission rights																																																																																60,357,000
tax credits																																																																																5,258,000	3,846,000
commitments and subsequent events
reclamation deposit																																																																																	105,000	105,000	105,000	105,000	105,000	105,000	105,000	105,000	105,000	105,000	105,000		105,000	105,000	105,000	105,000
subsquent events
amounts receivable from related party																																																																																		13,000	13,000	13,000	13,000	13,000	13,000	13,000	13,000	13,000	13,000		13,000	13,000	13,000	57,000
officer loan payable																																																																																		191,000	191,000	191,000	191,000	204,000	204,000	204,000
deferred tenant inducements																																																																																		430,000	442,000	452,000	477,000		504,000		100,000	100,000	100,000		106,000	113,000	113,000
deferred income																																																																																		11,000	13,000	9,000	10,000	21,000	9,000	21,000
share capital - no par value
authorized 1,000,000,000 common shares and 10,000,000 preferred shares
issued 72,986,469 common shares																																																																																			292,876,000
reclamation payable																																																																																				746,000	870,000		899,000
provision for reclamation costs																																																																																				536,000		899,000
benefit from reclamation costs																																																																																					536,000		536,000	899,000	781,000	781,000	781,000		1,142,000	1,136,000	1,136,000	1,496,000
minority interest																																																																																													9,415,000	9,237,000	9,237,000
shareholders’ equity - sum																																																																																						171,510,000
inventory - other																																																																																									97,000	97,000	97,000			101,000	101,000
officer loan receivable																																																																																									204,000	204,000	204,000		204,000	215,000	215,000	227,000
funds held in escrow
gst receivable																																																																																												133,174
prepaids and advances																																																																																												8,169
amounts due to related party																																																																																												712,369
capital stock																																																																																												21,346,569				112,060,000
inventory – other																																																																																													103,000
cash held in escrow																																																																																																1,353,000
long term liabilities
non-controlling interests																																																																																																1,395,000

Cashflow Statements:

Quarterly

Annual

Unit: USD	2025-08-31	2025-05-31	2025-02-28	2024-11-30	2024-08-31	2024-05-31	2024-02-29	2023-11-30	2023-08-31	2023-05-31	2023-02-28	2022-11-30	2022-08-31	2022-05-31	2022-02-28	2021-11-30	2021-08-31	2021-05-31	2021-02-28	2020-11-30	2020-08-31	2019-11-30	2019-08-31	2019-05-31	2019-02-28	2018-11-30	2018-08-31	2018-05-31	2018-02-28	2017-11-30	2017-08-31	2017-05-31	2017-02-28	2016-11-30	2016-08-31	2016-05-31	2016-02-29	2015-11-30	2015-08-31	2015-05-31	2015-02-28	2014-11-30	2014-08-31	2014-05-31	2014-02-28	2013-11-30	2013-08-31	2013-05-31	2013-04-10	2013-02-28	2012-03-01	2012-02-29	2011-07-13	2011-02-28	2010-05-31	2010-02-28	2009-11-30	2009-05-31	2009-02-28	2008-08-31	2008-05-31	2008-02-29	2007-11-30	2007-08-31	2007-05-31	2007-02-28	2006-08-31	2006-05-31	2006-02-28	2005-11-30	2005-08-31	2005-05-31	2005-03-04	2005-02-28	2004-11-30	2004-06-03	2004-05-31	2004-04-29	2004-02-29

operating activities:
net loss	38,629,000	-45,159,000	-9,116,000	-34,878,000	2,957,000	-3,382,000	-10,318,000	-35,729,000	3,575,000	-3,990,000	-10,659,000	-37,220,000	-1,153,000	-4,975,000	-9,995,000		-1,269,000	-2,565,000	-7,956,000			-19,705,000	-2,541,000	808,000	-6,323,000	-24,140,000	-78,994,000	-1,416,000	-8,215,000					-26,465,000	1,757,000	839,000	-9,977,000	-25,651,000	2,883,000	115,000	-9,299,000				-10,691,000
adjustments:
equity loss – donlin gold	987,000	4,164,000	2,299,000	10,107,000	-1,176,000	1,029,000	2,961,000	14,551,000	-3,565,000	3,068,000	4,475,000	18,751,000	971,000	4,401,000	4,040,000	9,877,000	2,550,000	2,230,000	1,968,000	8,352,000	2,450,000	7,350,000	943,000	875,000	1,323,000	6,284,000
share-based compensation	590,000	427,000	983,000	6,722,000	-1,880,000	-14,000	2,409,000	6,506,000	85,000	-21,000	2,161,000	6,109,000	0	14,000	2,091,000	6,185,000	-45,000	53,000	2,042,000	5,274,000	68,000	4,624,000	10,000	11,000	1,531,000	5,807,000	-22,000	-7,000	1,949,000	8,152,000	92,000	-1,876,000	3,925,000	8,394,000	0	-2,839,000	4,708,000	7,815,000	945,000	-4,601,000	5,329,000	8,311,000	-21,000	-2,751,000	4,658,000
warrant expense
interest expense on promissory note	120,000	141,000	3,566,000	10,941,000	131,000	105,000	3,597,000	9,630,000	221,000	268,000	2,944,000	5,764,000	514,000	172,000	1,512,000	4,416,000	26,000	46,000	1,434,000	4,586,000	28,000	5,399,000	26,000	63,000	1,798,000
gain on sale of mineral property							-743,000				-556,000
change in fair value of marketable equity securities
foreign exchange loss	-387,000	709,000	-330,000	-537,000	35,000	-20,000	6,000	22,000	16,000	46,000	-41,000	-172,000	-470,000	-65,000	112,000		-1,949,000	560,000	483,000			-802,000	1,991,000	-1,595,000	386,000	-34,000									-801,000					3,709,000	-3,462,000		-1,274,000	3,550,000	-2,449,000	-10,367,000
other operating adjustments	-3,000	-3,000	9,000	33,000	-12,000	-2,000	16,000	45,000	-10,000	-11,000	25,000	-46,000	4,000			5,000	0	0	2,000	15,000	-2,000
change in operating assets and liabilities
other assets	2,633,000																						621,000	-1,169,000	773,000	-1,706,000	162,000	84,000	-11,000	1,217,000	-646,000	519,000	-27,000
accounts payable and accrued liabilities	-1,647,000																						174,000	-162,000	-41,000	266,000	-255,000	416,000	-194,000	-612,000	127,000	2,091,000	-1,554,000																																													2,761,000	2,761,000
accrued payroll and related benefits	1,000																						346,000	2,530,000	-1,929,000	-618,000	9,000	2,501,000	-1,854,000
income taxes payable
remediation liability	-19,000
net cash from operating activities	726,000	3,831,000	-5,460,000	-8,603,000	-2,843,000	4,178,000	-5,374,000	-6,483,000	-1,134,000	4,324,000	-4,493,000	-10,727,000	676,000	3,683,000	-6,003,000				-4,286,000									2,792,000	-4,642,000	-6,601,000	-142,000	2,880,000	-4,417,000
capital expenditures	0	0	0	0	0	0	0	0	-119,000	0	0	0	0	0	0				0									0	0	0	0	0	0
free cash flows	726,000	3,831,000	-5,460,000	-8,603,000	-2,843,000	4,178,000	-5,374,000	-6,483,000	-1,253,000	4,324,000	-4,493,000	-10,727,000	676,000	3,683,000	-6,003,000				-4,286,000									2,792,000	-4,642,000	-6,601,000	-142,000	2,880,000	-4,417,000
investing activities:
proceeds from term deposits	33,000,000											86,000,000	46,000,000			116,578,000	-1,000,000	-9,000,000	35,000,000			179,000,000	29,000,000	-104,000,000	115,000,000	42,000,000	-1,000,000	6,000,000	15,000,000	146,900,000	-50,000,000	15,000,000	40,000,000	95,000,000	-40,000,000	5,000,000	40,000,000	95,000,000	-10,000,000	5,000,000	45,000,000	165,000,000	-10,000,000
purchases of term deposits	-109,000,000							-142,000,000	38,000,000			-70,000,000	-54,000,000			-133,799,000	5,799,000	-5,799,000	-25,000,000					97,000,000	-108,000,000	-32,000,000	-103,000,000	-2,000,000	-15,000,000			-1,900,000	-45,000,000	-85,000,000	40,000,000	-10,000,000	-35,000,000	-85,000,000	5,000,000	-5,000,000	-40,000,000
funding of donlin gold	-1,301,000	-3,185,000	-3,614,000	-9,583,000	847,000	-88,000	-3,623,000	-15,277,000	4,553,000	-1,284,000	-5,744,000	-19,997,000	2,113,000	-4,615,000	-5,936,000	-10,686,000	-1,723,000	-2,232,000	-2,946,000	-8,583,000	-2,403,000	-7,282,000	-931,000	-2,012,000	-897,000	-6,575,000
investment in donlin gold
proceeds from disposal of equity securities
proceeds from sale of mineral property							743,000				556,000
net cash from investing activities	-287,351,000	29,863,000	-2,662,000	12,160,000	-19,094,000	19,169,000	-2,880,000	-8,720,000	5,434,000	-1,854,000	-5,188,000	-3,924,000	-5,887,000	3,385,000	-5,936,000	-27,707,000	78,076,000	-17,031,000	7,054,000			17,701,000	39,069,000	-9,012,000	6,103,000	6,581,000	-2,485,000	1,822,000	-2,390,000			12,655,000	-7,668,000	3,010,000	388,000	-6,067,000	2,937,000	1,793,000	-3,823,000	-1,406,000	2,472,000
financing activities:
equity issuance	-216,924,000
equity issuance costs	8,300,000
withholding tax on share-based compensation			-82,000	-17,000	-140,000										-2,122,000				-731,000						-1,197,000
net cash from financing activities	-208,624,000	234,187,000	-82,000	-17,000	-140,000										-2,122,000				-731,000
effect of exchange rate changes on cash and cash equivalents	-85,000	141,000	-51,000	-69,000	16,000	-19,000	8,000	-55,000	32,000	44,000	-40,000	-109,000	-308,000	-40,000	70,000				250,000																																																						56,000		56,000
net change in cash and cash equivalents	-495,334,000	268,022,000	-8,255,000				-8,246,000	-15,258,000			-9,721,000	-16,882,000			-13,991,000				2,287,000
cash and cash equivalents at beginning of period	259,767,000	-8,255,000	42,224,000		15,065,000	-8,246,000	45,749,000		-7,207,000	-9,721,000	63,882,000		-4,841,000	-13,991,000	91,124,000		-11,405,000	2,287,000	60,906,000	14,220,000	-6,370,000	3,018,000	-4,791,000	1,773,000	21,004,000	9,477,000	-2,454,000	-7,023,000	27,954,000	8,650,000	3,385,000	-12,035,000	30,274,000	9,988,000	-5,195,000	-4,793,000	41,731,000	20,629,000	-17,261,000	-3,368,000	70,325,000	9,933,000	-993,000	-8,940,000	81,262,000
cash and cash equivalents at end of period	-235,567,000	259,767,000	33,969,000		-6,996,000	15,065,000	37,503,000		-2,875,000	-7,207,000	54,161,000		-10,360,000	-4,841,000	77,133,000		66,005,000	-11,405,000	63,193,000	15,558,000	-7,981,000	13,668,000	35,895,000	-4,791,000	22,777,000	7,048,000	-4,521,000	-2,454,000	20,931,000	6,312,000	19,000	3,384,000	18,239,000	1,819,000	-3,288,000	-5,195,000	36,938,000	-3,256,000	-4,709,000	-17,261,000	66,957,000	-519,000	-485,000	-993,000	72,322,000
change in fair value of marketable securities		89,000	-186,000			-349,000	-311,000	-314,000	124,000	220,000	-299,000	-836,000	860,000	287,000	-500,000	-586,000	426,000	-32,000	-226,000	-59,000	-74,000
proceeds from disposal of investments			952,000
net change in operating assets and liabilities			-2,685,000			6,068,000	-2,991,000	-745,000	-1,652,000	4,188,000	-2,326,000	-2,806,000	-47,000	3,850,000	-3,053,000	800,000	145,000	2,018,000	-1,179,000	-967,000	423,000														1,048,000	1,742,000	-1,172,000	-62,000	503,000	1,421,000	-1,403,000	1,648,000	-911,000	3,803,000	-1,367,000
remediation expense
accretion of notes receivable								-434,000			-217,000	-637,000	-3,000	1,000	-210,000	-1,917,000	215,000	0	-854,000	-2,502,000	-11,000	-2,415,000	-9,000	-1,000	-795,000	-796,000
proceeds from notes receivable
other																						169,000	-175,000	29,000	-40,000	330,000	-313,000	-90,000	95,000	-70,000	112,000	-10,000	-28,000	14,000	160,000	-357,000	211,000	-1,533,000	-269,000	-112,000	1,399,000	4,298,000	144,000	-340,000	1,575,000
cash and cash equivalents at beginning of year
cash and cash equivalents at end of year
change in fair value of marketable investments
accretion of note receivable
net change in working capital
proceeds from note receivable																0
acquisition of property and equipment									-119,000
sale of marketable equity investments
increase in cash and cash equivalents					-22,061,000																				1,773,000		-2,067,000																		-8,940,000						1,000
decrease in cash and cash equivalents																							40,686,000						-7,023,000		-3,366,000	15,419,000	-12,035,000		1,907,000	-402,000	-4,793,000	-23,885,000	12,552,000	-13,893,000	-3,368,000
deferred income tax recovery
net income																					-5,503,000										-1,931,000	1,681,000	-10,143,000
foreign exchange gain																																					-525,000	-3,630,000										6,531,000	-8,102,000	-8,102,000														4,397,000
deferred income tax (recovery) expense
deferred income tax expense																					2,000	502,000	2,000	0	167,000
net cash from operating activities of continuing operations																	99,000					-5,754,000	1,388,000	1,389,000	-3,150,000	-8,930,000
effect of exchange rate changes on cash																	-765,000				784,000		229,000	-138,000	17,000	-80,000	30,000	-45,000	9,000	-84,000	302,000	-116,000	50,000	-18,000	-94,000	77,000	6,000	-178,000	-235,000	256,000	-218,000		-63,000	132,000	-82,000
change in cash and cash equivalents
net loss from discontinued operations, net of tax
deferred income tax
net cash from investing activities of continuing operations																						17,701,000	39,069,000	-9,012,000	6,103,000	3,412,000																			-3,644,000
net cash from investing activities of discontinued operations																										3,169,000
net cash from financing activities of continuing operations
foreign exchange (gain) loss																															1,045,000	-355,000	161,000																										3,377,000														-56,000
net cash provided from (used in) investing activities																					-2,403,000
effect of exchange rate changes on cash and cash equivalents
changes in operating assets and liabilities:
non-cash transactions:
notes receivable from the sale of galore creek
loss from discontinued operations, net of tax																										717,000
write-down of investments																																																																						28,000
other liabilities
interest on promissory note																											64,000	99,000	1,494,000	3,867,000	54,000	94,000	1,213,000	3,396,000	2,000	62,000	1,091,000
discontinued operations:
equity losses of affiliates																												1,205,000	2,094,000	9,118,000	1,005,000	540,000	2,232,000	7,776,000	-630,000	625,000	2,197,000	8,951,000	-1,482,000	1,317,000	2,622,000	10,217,000	2,093,000	-5,000	3,621,000
funding of affiliates																												-2,191,000	-2,377,000	-9,429,000	-426,000	-473,000	-2,640,000	-6,990,000	388,000	-1,067,000	-2,063,000	-8,207,000	1,177,000	-1,406,000	-2,528,000				-3,622,000
repayment of debt
3
withholding tax paid on share-based compensation																																	-196,000				-4,275,000				-827,000
adjustments to reconcile net income to net cash from operating activities:
depreciation																																			0	-1,000	9,000	27,000	-1,000	0	9,000	27,000	1,000	-2,000	10,000	26,000	2,000	-1,000	10,000	10,000		137,000
deferred income taxes																																			77,000	-80,000	-3,000	-12,000	16,000	-16,000	10,000	73,000	-43,000	94,000	-50,000
net cash from operations																																			1,613,000	5,588,000	-7,736,000	-9,671,000	781,000	3,086,000	-5,622,000
adjustments to reconcile net loss to net cash from operating activities:
accretion of convertible notes
the accompanying notes are an integral part of these condensed consolidated interim financial statements.
write-down of assets
proceeds from share issuance
withholding tax paid on stock based compensation																																													-636,000
additions to property and equipment																																													-22,000
loss on derivative liabilities																																													115,000
loss from discontinued operations
gain on derivative liabilities
net cash from continuing operations																																													-5,214,000
net cash from discontinued operations
proceeds from sale of assets
net cash from financing activities of discontinued operations
gain on deconsolidation of galore creek
proceeds from marketable securities																																													50,000,000
purchases of marketable securities																																													-50,000,000
acquisitions
proceeds from debt issuance
proceeds from non-controlling interest																																																						4,301,000			10,321,000	766,000	7,308,000	-20,976,000	26,264,000	9,757,000	186,701,000
withholding tax on share based compensation
cash flows from operating activities
income																																															-10,395,000	3,514,000	-13,782,000	-13,782,000
items not affecting cash
provision for decommissioning liabilities
write-down of available-for-sale investments
write-down of other assets
finance costs																																															575,000	-2,916,000	4,042,000	4,042,000		3,262,000
share-based payments																																															369,000	-4,006,000	5,526,000	5,526,000		10,088,000
gain on spin-out of novacopper to shareholders
loss on derivative liability																																																	2,455,000
loss on embedded derivative liability																																																	840,000
gain on sale of inventory
share of losses – donlin gold																																															1,125,000	616,000	2,986,000	2,986,000		3,623,000
share of losses – galore creek																																															2,916,000	277,000	2,482,000	2,482,000		4,065,000
increase in reclamation bonds																																																																3,311,000
proceeds from sale of inventory
cash funding – donlin gold																																															1,096,000	-2,037,000	-2,462,000	-2,462,000
cash funding – galore creek																																															-2,468,000	-674,000	-706,000	-706,000
net change in non-cash working capital
decrease in accounts and notes receivable, prepaid expenses and deposits																																															961,000
increase in accounts payable and accrued liabilities, other liabilities																																															888,000
cash flows from financing activities
proceeds from warrant exercises – net																																																	54,014,000	54,014,000		3,685,000				248,000
repurchase of convertible notes
cash transferred to novacopper
proceeds from issuance of common shares – net																																																				316,417,000	351,000	60,000	179,000,000		93,695,000	281,000	93,320,000			293,000	223,011,000	-217,838,000	216,215,000	2,070,000	-448,000
cash flows from investing activities
acquisition of term deposits
acquisition of property, plant and equipment																																																																									-800,000
effect of foreign exchange rate on cash & cash equivalents																																															1,691,000	-11,782,000	11,601,000	11,601,000		178,000
increase in cash and cash equivalents during the period																																															-35,640,000	-142,764,000	56,308,000	56,308,000		282,004,000			157,652,000									-213,115,000					183,579,000
cash and cash equivalents – beginning of the period																																															-86,456,000	56,308,000	253,037,000	253,037,000
cash and cash equivalents – end of the period																																															-122,096,000	-86,456,000	309,345,000	309,345,000
supplemental disclosure
interest received																																															5,000	31,000	131,000	131,000		86,000	102,000	134,000	118,000	85,000	288,000	59,000	87,000	0	-646,000	1,013,000		1,461,000	-100,000	1,033,000
interest paid																																																								7,000	3,065,000			100,000
cash flows used in operating activities
benefit from decommissioning liabilities
gain on derivative liability																																																		2,455,000
gain on embedded derivative liability																																																		840,000
cash flows used in investing activities
payroll and withholding tax on issuance of psus
payroll and withholding tax on issuance of performance share units																																																	-583,000	-583,000
decrease in accounts receivable, prepaid expenses and deposits																																																	145,000	145,000
decrease in accounts payable and accrued liabilities, other liabilities																																																	-2,158,000	-2,158,000
net income for the period																																																				16,769,000
decommissioning liabilities																																																				1,651,000
gain on assets distributed to the shareholders
gain on sale of land and equipment
inventory write down
decrease in trade and other receivables, deposits and prepaid amounts																																																				18,000
decrease in note receivable
decrease in trade and other payables and current decommissioning liabilities
payroll and withholding tax on issuance of psu
payment of note payable for acquisition of ambler
proceeds from sale of land and equipment
purchase of marketable securities
expenditures on mineral properties
acquisition of copper canyon
effect of foreign exchange rate on cash and cash equivalents
cash and cash equivalents – beginning of period																																																				60,572,000	129,284,000	151,723,000	17,858,000	38,180,000			12,224,000	23,792,000	-84,104,000	97,916,000		143,049,000
cash and cash equivalents – end of period																																																				342,576,000	111,570,000	129,284,000	175,510,000	17,857,000		56,088,000	78,833,000	-16,240,000	23,792,000	13,812,000		-70,066,000
loss for the year																																																																									-8,376,000
amortization																																																			283,000		88,000	41,000	245,000	62,000	219,000	90,000	73,000	11,000	4,000	65,000	210,000	6,000	1,000	69,000	97,000	72,000	50,000	216,000	12,000	-188,000	210,000	62,000	210,000		0	47,000	47,000
accretion																																																			974,000
stock-based compensation																																																			208,000		1,514,000	3,538,000	1,050,000	2,092,000	8,819,000	6,175,000	1,393,000	-1,381,000	1,618,000	189,000	792,000	623,000	258,000	322,000	-2,292,000	3,301,000	205,000	3,424,000			5,788,000	4,209,000	5,788,000		5,429,000	23,000	23,000
increase in deposits and prepaid amounts
increase in accounts payable and accrued liabilities																																																			236,000													4,779,000			19,020,000						2,506,000		2,506,000	215,331,000		374,000	374,000
funding provided by novagold resources inc.																																																			39,083,000
repayment of notes payable
acquisition of property, plant & equipment
cash and cash equivalents – beginning of year
cash and cash equivalents – end of year																																																			1,000
payment of note payable
increase in accounts receivable																																																																		26,000			79,000				-506,000
loss for the period																																																																-947,000
accretion income
asset impairment
power transmission rights
rock creek project
future income tax recovery
asset retirement obligations
equity loss																																																					5,562,000	4,621,000
future income tax expense																																																						2,269,000								2,217,000
gain on disposition of alluvial gold properties
gain on disposition of equipment
interest and accretion expense
unrealized foreign exchange loss																																																					24,000
decrease in receivables, deposits and prepaid amounts, and deferred charges																																																					1,472,000
decrease (increase) in inventories																																																							35,000
payments from non – controlling interest																																																					8,098,000
proceeds from warrant exercise																																																					666,000	10,693,000				1,323,000	1,148,000			14,000
repayment of note payable
proceeds from disposal of land & equipment
reclamation bonds
decrease in long term accounts receivable																																																					110,000
increase in deferred liability
non – cash investing activity
common shares issued for acquisition of copper canyon																																																					42,339,000
unrealized foreign exchange (gain) loss
decrease (increase) in long term accounts receivable
asset impairment – power transmission rights
impairment charge																																																						52,668,000
interest and accretion																																																					1,932,000	3,732,000	3,768,000	3,662,000	9,032,000	297,000	8,231,000
mineral properties expense																																																						36,000
decrease in inventories																																																					17,000	10,000		59,000
decrease in accounts payable and accrued liabilities																																																					2,952,000
cash flows from financing activities - sum																																																					9,115,000									20,064,000							191,046,000
(expenditures) recoveries on mineral properties and related deferred costs																																																					72,000		77,000
non – cash investing activity:
decrease (increase) in accounts payable and accrued liabilities
unrealized foreign exchange gain
increase in receivables, deposits and prepaid amounts, and deferred charges
expenditures on mineral properties and related deferred costs
decrease in accounts receivable																																																						8,000									108,000	-39,000			-86,000
investment in donlin creek
decrease in cash and cash equivalents during the period
exploration																																																							4,650,000	2,663,000	11,178,000	3,342,000	5,214,000
gain on disposal of mineral properties
loss on disposal of fixed assets																																																										82,000
project suspension recovery
non-controlling interest																																																														15,200,000
decrease in gst and other receivables, deposits and prepaid amounts																																																							740,000							1,321,000
decrease in suspension costs – long term
decrease (increase) in reclamation deposits
decrease (increase) in accounts receivable																																																									401,000	155,000	81,000
proceeds on sale of investments																																																											3,769,000			18,811,000
increase in accounts payable and accrued liabilities and other liabilities related to mineral properties and property, plant and equipment
bridge loan converted into shares
shares issued for property acquisition																																																								5,168,000
decrease in accounts payable and accrued liabilities and other liabilities related to mineral properties and property, plant and equipment
decrease (increase) in account receivables, deposits and prepaid amounts
expenditures on mineral properties and related deferred costs – net																																																																-5,863,000
increase in reclamation deposits
increase in investments
decrease in accounts payable and liabilities related to mineral properties and property, plant and equipment
gain on sale of investments
loss on disposal of property, plant and equipment
increase in inventories
increase (decrease) in accounts payable and accrued liabilities
decrease in suspension costs – short term
proceeds from issuance of convertible notes – net
proceeds from bridge loan – net
proceeds from disposition of property, plant and equipment
expenditures on power project development
decrease in restricted cash																																																													-49,400,000	54,000,000
earnings for the period																																																														27,967,000
future income tax (recovery) expense
gain on dilution from equity investment
income from equity investment																																																																		547,000
write-down of mineral property
decrease (increase) in gst and other
receivables, deposits and prepaid amounts
increase in accounts payable and
accrued liabilities																																																										3,267,000
increase in suspension costs –
short term
long term
recovery (expenditures) on mineral properties
and related deferred costs
increase in cash and cash
equivalents during the period
accrued liabilities and other liabilities
related to mineral properties and property,
plant and equipment
decrease in gst and other receivables,
deposits and prepaid amounts																																																										985,000																				770,000	770,000
repayment of credit facility
(expenditures) recovery on mineral properties
cash and cash equivalents – beginning of
period																																																										78,833,000																					59,747,000
decrease in accounts payable and accrued
liabilities and other liabilities related to
mineral properties and property, plant and
equipment
decrease in gst and other receivables, deposits and
prepaid amounts																																																											1,509,000
drawdown of credit facility																																																													-4,000,000	10,000,000
investments																																																																									-1,180,000					504,000	504,000
increase in cash and cash equivalents during
the period																																																											66,609,000
decrease in accounts payable and accrued liabilities and
other liabilities related to mineral properties and property,
debt converted into shares																																																											25,178,000
gain on sale of power projects
mineral property write-downs
project suspension cost recovery
increase in gst and other receivables,
increase in accounts payable and accrued
liabilities
expenditures on mineral properties and related
deferred costs – net
during the period
shares issued for option agreement																																																																		1,433,000			1,087,000
liabilities and other liabilities related to mineral
properties and property, plant and equipment
(gain) loss on dilution from equity investment
(gain) income from equity investment
liabilities, and other liabilities related to mineral
loss from equity investment																																																														5,000							38,000	372,000
decrease in supplies inventory																																																														299,000
decrease in reclamation deposits																																																														8,290,000
increase in accounts payable and accrued liabilities related to mineral properties and construction in process
increase in other receivables, deposits and prepaid amounts
increase in inventory																																																																											60,000
suspension costs – short term
suspension costs
increase in restricted cash																																																																									-415,000
tenant inducements																																																																						485,000
increase in cash and cash equivalents during the year																																																																									-3,605,000
supplemental cash flow information
increase in gst and other receivables, deposits and prepaid amounts
increase in supplies inventory
increase in power project development costs
stock-based compensation realized																																																																-276,000	-345,000	685,000
shares issued for power generation and transmission rights acquisition
increase in accounts payable and accrued liabilities and other liabilities related to mineral properties, construction in process and supplies inventory
gain on sale of investment
(income) income from equity investment
decrease in inventory																																																																					2,000				60,000
property, plant and equipment and construction in progress
increase in power generation and transmission assets
proceeds on sale of investment
purchase of investments
increase in accounts payable and accrued liabilities and other liabilities related to mineral properties and construction in process
income for the period																																																																					102,000
increase in other receivables, deposits and prepaid
amounts
expenditures on mineral properties and related deferred costs –
net
increase in cash and cash equivalents during the
cash and cash equivalents - beginning of period																																																																		106,583,000	-14,221,000	183,579,000	33,317,000							17,604,830,000
cash and cash equivalents - end of period																																																																		53,699,000	-44,901,000	-14,221,000	216,896,000							16,297,905,000
increase in accounts payable and accrued liabilities and other
liabilities related to mineral properties and construction in
process																																																																		21,508,000
future income tax
mineral property write-down
decrease (increase) in other receivables
acquisition of power generation and transmission rights
expenditures on mineral properties and related deferred costs - net																																																																									-25,909,000
increase in restricted cash and reclamation bonds
decrease (increase) in investments
sale of subsidiary for common shares
shares issued for power generation and transmission
rights acquisition
related to mineral properties
decrease (increase) in accounts and gst receivable, deposits
and prepaid amounts
decrease (increase) in inventory
decrease in accounts and gst receivable, deposits and prepaid amounts																																																																					623,000
proceeds from issuance of common shares - net																																																																					191,046,000	60,708,000	58,582,000	-25,601,000	25,925,000	804,000	25,925,000		-86,000	3,109,000	3,109,000
increase (decrease) in accounts payable and accrued liabilities related to mineral properties																																																																					1,276,000
cash flows from (used in) operating activities
mineral property recovery in excess of cost																																																																									-109,000
minority interest																																																																									-116,000				-9,059,000	9,237,000	9,237,000
write-down of mineral properties																																																																						491,000			250,000		250,000
(increase) decrease in accounts and gst receivable, deposits and prepaid amounts
acquisition of subsidiary
cash acquired with subsidiary
financing of subsidiary
expenditures on land improvements																																																																									-74,000
increase in accounts payable and accrued liabilities related to mineral properties																																																																						1,958,000
cash and cash equivalents - beginning of year																																																																						56,142,000					59,747,000
cash and cash equivalents - end of year																																																																						33,317,000					56,142,000
mineral property recovery in excess of costs
increase in accounts receivables, deposits and prepaid amounts
spectrumgold inc. acquisition costs
increase in accounts payable and accrued liabilities related
to mineral properties																																																																							1,660,000
effect of exchange rate on cash and cash equivalents																																																																										27,000				33,000
change in cash and cash equivalents during the period
cash and cash equivalents - beginning of the period																																																																							-9,978,000			56,142,000				59,747,000
cash and cash equivalents - end of the period																																																																							27,573,000			48,247,000				58,989,000	58,989,000
increase/(decrease) in accounts payable and accrued liabilities
accretion of interest on convertible instruments
gain on settlement of convertible royalty
decrease in accounts receivable, deposits and prepaid amounts																																																																									-433,000
increase in accounts
payable and accrued liabilities																																																																									-426,000
financing activities
repayment of convertible royalty
financing activities - sum																																																																									25,925,000
investing activities
investing activities - sum																																																																									-26,378,000
cash and cash equivalents - beginning of the year																																																																									59,747,000
cash and cash equivalents - end of the year																																																																									56,142,000
increase in accounts receivable, deposits and
expenditures on mineral properties and
related deferred costs - net
accrued liabilities related to mineral properties
increase in accounts receivable, deposits and prepaid amounts
revenue
land, gravel, gold and other revenue																																																																														379,000	379,000
interest income																																																																														368,000	368,000
cost of sales																																																																														12,000	12,000
expenses and other
corporate development and
communication
general and administrative																																																																														517,000	517,000
mineral property recovery in excess of
costs
professional fees																																																																														139,000	139,000
wages and benefits																																																																														409,000	409,000
deficit - beginning of period
deficit - end of period
loss per share
basic and diluted
weighted-average number of shares																																																																														53,281,145,000	53,281,145,000
cash from
operating activities
net income earnings for the period
cost
income from equity investments
write-down of mineral properties and
deferred costs
(increase)/decrease in accounts
receivable, deposits and prepaid
(increase)/decrease in inventory
increase/ (decrease) in accounts
proceeds from issuance of common
shares - net
acquisition of property, plant and
effect of exchange rate on cash and
cash equivalents
decrease in cash and cash
cash and cash equivalents -
beginning of the period
cash and cash equivalents - end of
(increase)/decrease in accounts receivable,
increase/(decrease) in accounts payable
and accrued liabilities
end of the period
shares received from option agreement
changes in non-cash working capital items
depreciation and amortization																																																																												21,000
decrease (increase) in gst receivable																																																																												31,494,000
decrease in prepaids and advances																																																																												2,946,000
net proceeds from issuance of common shares
proceeds from special warrants
proceeds from issuance of stock options																																																																												89,250,000
decrease in amounts due to related party
purchases of capital assets
shares received for option agreement																																																																												68,800,000
shares issued for property option agreement
and deferred costs
increase/(decrease) in amounts receivable,
effect of exchange rate on cash and cash
equivalents																																																																															33,000
assets
current assets
cash and cash equivalents																																																																														58,989,000	58,989,000
restricted cash																																																																														54,000	54,000
accounts receivable																																																																														415,000	415,000
amounts receivable from related party																																																																														13,000	13,000
inventory - other																																																																														101,000	101,000
officer loan receivable																																																																														215,000	215,000
land																																																																														1,757,000	1,757,000
property, plant and equipment																																																																														690,000	690,000
mineral properties and related deferred costs																																																																														37,247,000	37,247,000
reclamation deposit																																																																														105,000	105,000
current liabilities
loan payable																																																																														200,000	200,000
benefit from reclamation costs																																																																														1,136,000	1,136,000
deferred tenant inducements																																																																														113,000	113,000
shareholders' equity
share capital																																																																														160,584,000	160,584,000
contributed surplus																																																																														820,000	820,000
deficit
corporate development and communication																																																																														130,000	130,000
increase in amounts receivable, deposits and prepaid amounts
increase inventory
shareholders’ equity
increase in amounts receivable, deposits and prepaid
deferred costs - net
cash and cash equivalents - beginning of the
non-controlling interests
issue of shares for settlement
of commitments
non cash compensation
write down of mineral properties and
related deferred costs
other non-cash items
decrease in amounts receivable,
acquistion of subsidiary
cash aquired with subsidiary
expenditure on mineral properties and

NovaGold Resources Inc(NYSE MKT:NG)

NovaGold Resources Inc
(NYSE MKT:NG)