NOTE 5. INVESTMENT IN AFFILIATES (Tables)
|
9 Months Ended |
Aug. 31, 2015 |
|---|
| Summary of Investments in Affiliates |
| |
|
At August 31,
2015 |
|
|
At November 30,
2014 |
|
| Donlin Gold LLC, Alaska, U.S.A |
|
$ |
1,376 |
|
|
$ |
1,618 |
|
| Galore Creek Partnership, British Columbia, Canada |
|
|
246,731 |
|
|
|
283,247 |
|
| |
|
$ |
248,107 |
|
|
$ |
284,865 |
|
|
| Equity losses of affiliates |
| |
|
Three months ended August 31, |
|
|
Nine months ended August 31, |
|
| |
|
2015 |
|
|
2014 |
|
|
2015 |
|
|
2014 |
|
| Donlin Gold LLC: |
|
|
|
|
|
|
|
|
|
|
|
|
| Mineral property expenditures |
|
$ |
2,760 |
|
|
$ |
5,402 |
|
|
$ |
8,825 |
|
|
$ |
11,295 |
|
| Depreciation |
|
|
43 |
|
|
|
37 |
|
|
|
128 |
|
|
|
131 |
|
| |
|
|
2,803 |
|
|
|
5,439 |
|
|
|
8,953 |
|
|
|
11,426 |
|
| Galore Creek Partnership: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Mineral property expenditures |
|
|
46 |
|
|
|
62 |
|
|
|
71 |
|
|
|
390 |
|
| Care and maintenance expense |
|
|
247 |
|
|
|
208 |
|
|
|
633 |
|
|
|
1,130 |
|
| Gain on sale of equipment |
|
|
(639 |
) |
|
|
— |
|
|
|
(639 |
) |
|
|
— |
|
| |
|
|
(346 |
) |
|
|
270 |
|
|
|
65 |
|
|
|
1,520 |
|
| |
|
$ |
2,457 |
|
|
$ |
5,709 |
|
|
$ |
9,018 |
|
|
$ |
12,946 |
|
|
| Donlin Gold LLC, Alaska, USA |
|
| Changes in the Company's investment |
| |
|
|
|
|
|
|
| |
|
Nine months ended August 31, |
|
| |
|
2015 |
|
|
2014 |
|
| Balance – beginning of period |
|
$ |
1,618 |
|
|
$ |
1,720 |
|
| Funding |
|
|
8,711 |
|
|
|
11,123 |
|
| Share of losses |
|
|
(8,953 |
) |
|
|
(11,426 |
) |
| Balance – end of period |
|
$ |
1,376 |
|
|
$ |
1,417 |
|
|
| Net assets |
| |
|
At August 31,
2015 |
|
|
At November 30,
2014 |
|
| Current assets: Cash, prepaid expenses and other receivables |
|
$ |
2,179 |
|
|
$ |
2,294 |
|
| Non-current assets: Property and equipment |
|
|
275 |
|
|
|
403 |
|
| Non-current assets: Mineral property |
|
|
32,692 |
|
|
|
32,692 |
|
| Current liabilities: Accounts payable and accrued liabilities |
|
|
(1,078 |
) |
|
|
(1,079 |
) |
| Non-current liabilities: Reclamation obligation |
|
|
(692 |
) |
|
|
(692 |
) |
| Net assets |
|
$ |
33,376 |
|
|
$ |
33,618 |
|
|
| The Galore Creek Partnership, British Columbia, Canada |
|
| Changes in the Company's investment |
| |
|
|
|
|
|
|
| |
|
Nine months ended August 31, |
|
| |
|
2015 |
|
|
2014 |
|
| Balance – beginning of period |
|
$ |
283,247 |
|
|
$ |
305,735 |
|
| Funding |
|
|
508 |
|
|
|
1,867 |
|
| Share of losses |
|
|
(65 |
) |
|
|
(1,520 |
) |
| Exploration tax credit |
|
|
— |
|
|
|
(693 |
) |
| Foreign currency translation |
|
|
(36,959 |
) |
|
|
(7,112 |
) |
| Balance – end of period |
|
$ |
246,731 |
|
|
$ |
298,277 |
|
|
| Net assets |
| |
|
At August 31,
2015 |
|
|
At November 30,
2014 |
|
| Current assets: Cash, prepaid expenses and other receivables |
|
$ |
859 |
|
|
$ |
386 |
|
| Non-current assets: Property and equipment |
|
|
222,324 |
|
|
|
254,991 |
|
| Current liabilities: Accounts payable and accrued liabilities |
|
|
(410 |
) |
|
|
(360 |
) |
| Non-current liabilities: Payables and reclamation obligation |
|
|
(7,269 |
) |
|
|
(8,268 |
) |
| Net assets |
|
$ |
215,504 |
|
|
$ |
246,749 |
|
|