v3.25.2
Condensed Consolidated Interim Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Aug. 31, 2025
Aug. 31, 2024
Aug. 31, 2025
Aug. 31, 2024
Operating activities:        
Net loss $ (15,646) $ (10,743) $ (79,037) $ (34,761)
Adjustments:        
Equity loss – Donlin Gold 7,450 2,814 16,212 9,765
Share-based compensation 2,000 515 4,393 5,319
Warrant Expense (Note 9) 0 (0) 39,607 (0)
Interest expense on promissory note 3,827 3,833 11,100 11,132
Gain on sale of mineral property (Note 4) 0 0 0 (743)
Change in fair value of marketable equity securities (662) (7) (945) (978)
Foreign exchange (gain) loss (8) 21 41 13
Other operating adjustments 3 2 18 32
Change in operating assets and liabilities        
Other assets 1,668 (50) 502 (86)
Accounts payable and accrued liabilities (196) (427) 854 254
Accrued payroll and related benefits 703 340 (357) (741)
Income taxes payable (6) (279) (220) 319
Remediation liability (36) (58) (160) (134)
Net cash used in operating activities (903) (4,039) (7,992) (10,609)
Investing activities:        
Proceeds from term deposits 92,000 0 185,000 80,000
Purchases of term deposits (134,000) 0 (193,000) (60,000)
Funding of Donlin Gold (8,100) (2,864) (18,513) (10,198)
Investment in Donlin Gold (Note 5) (210,050) 0 (210,050) 0
Proceeds from disposal of equity securities (Note 15) 0 59 952 59
Proceeds from sale of mineral property (Note 4) 0 0 0 743
Net cash provided by investing activities (260,150) (2,805) (235,611) 10,604
Financing activities:        
Equity issuance (Note 9) 26,915 0 270,754 0
Equity issuance costs (Note 9) (1,434) 0 (11,168) 0
Withholding tax on share-based compensation 0 (157) (82) (174)
Net cash provided by (used in) financing activities 25,481 (157) 259,504 (174)
Effect of exchange rate changes on cash and cash equivalents 5 5 44 2
Net change in cash and cash equivalents (235,567) (6,996) 15,945 (177)
Cash and cash equivalents at beginning of period 293,736 52,568 42,224 45,749
Cash and cash equivalents at end of period $ 58,169 $ 45,572 $ 58,169 $ 45,572