v3.26.1
Note 5 - Investment in Donlin Gold (Tables)
6 Months Ended
May 31, 2026
Notes Tables  
Equity Method Investments [Table Text Block]
   

Three months ended May 31,

   

Six months ended May 31,

 
   

2026

   

2025

   

2026

   

2025

 

Balance – beginning of period

  $ 222,532     $ 3,912     $ 213,202     $ 2,597  

Share of losses:

                               

Mineral property expenditures

    (16,735 )     (6,335 )     (22,827 )     (8,505 )

Depreciation

    (121 )     (118 )     (233 )     (237 )

Accretion

    (12 )     (10 )     (24 )     (20 )
      (16,868 )     (6,463 )     (23,084 )     (8,762 )

Funding

    16,326       6,799       31,872       10,413  

Balance – end of period

  $ 221,990     $ 4,248     $ 221,990     $ 4,248  
   

As of

May 31,

   

As of

November 30,

 
   

2026

   

2025

 

Economic interest of Donlin Gold held

    60 %     60 %

 

Company’s share of Donlin Gold assets and liabilities held

 

               

Current assets: Cash, prepaid expenses, and other receivables

  $ 22,466     $ 5,591  

Non-current assets: Right-of-use assets, property and equipment

    2,449       1,295  

Non-current assets: Mineral property

    39,185       39,185  

Current liabilities: Accounts payable, accrued liabilities and lease obligations

    (10,620 )     (2,688 )

Non-current liabilities: Reclamation and lease obligations

    (2,290 )     (1,032 )

Net assets

  $ 51,190     $ 42,351