XML 56 R23.htm IDEA: XBRL DOCUMENT

Note 18 - Segmented Information

12 Months Ended

Nov. 30, 2023

Disclosure of entity's operating segments [text block]

18.

Segmented Information

During the year ended November 30, 2023, the Company began conducting its business in the acquisition, exploration and development of mineral properties as two operating segments, with U.S. GoldMining being one distinct operating segment, and all other subsidiaries, or "Others" being the second operating segment. As the Company conducted its business as a single operating segment during the year ended November 30, 2022, the comparatives have changed to reflect the Company's two operating segments in the current fiscal year. The Company operates in five principal geographical areas: Canada (country of domicile), Brazil, United States, Colombia and Peru.

The Company's total non-current assets, total liabilities and operating loss by geographical location are detailed below:

	Total non-current assets
	As at November 30,		As at November 30,
	2023		2022
	($)		($)
Canada		59,488		85,814
Colombia		30,139		29,411
Brazil		13,977		14,762
Peru		7,135		7,056
United States		2,412		1,088
Total		113,151		138,131

	Total operating loss
	For the year ended
	November 30, 2023		November 30, 2022
		($)		($)
Canada		10,868		9,668
United States		9,882		858
Brazil		2,932		848
Colombia		1,355		2,139
Peru		237		149
Total		25,274		13,662

The Company's total assets, total liabilities, operating loss and net loss for its two operating segments U.S GoldMining and Others are detailed below:

	Total assets				Total liabilities
	As at November 30,		As at November 30,		As at November 30,		As at November 30,
	2023		2022		2023		2022
	($)		($)		($)		($)
U.S. GoldMining⁽¹⁾		18,862		1,325		1,272		1,127
Others⁽²⁾		118,016		146,004		3,193		11,111
Total		136,878		147,329		4,465		12,238

	For the year ended November 30, 2023									For the year ended November 30, 2022
	U.S. GoldMining⁽¹⁾			Others⁽²⁾			Total			U.S. GoldMining⁽¹⁾			Others⁽²⁾			Total
	($)			($)			($)			($)			($)			($)
Expenses
Consulting fees		18			307			325			-			223			223
Depreciation		55			147			202			38			172			210
Directors' fees, salaries and benefits		344			1,827			2,171			91			1,431			1,522
Exploration expenses		6,828			1,882			8,710			703			2,412			3,115
General and administrative		3,059			4,418			7,477			90			4,829			4,919
Professional fees		2,249			1,584			3,833			1,144			1,457			2,601
Share-based compensation		497			2,790			3,287			7			2,385			2,392
Share of loss on investment in joint venture		-			40			40			-			59			59
Share of loss on investment in associate		-			116			116			-			-			-
Impairment of exploration and evaluation assets		-			1,809			1,809			-			-			-
Recovery on the receipt of mineral property option payments		-			(2,696	)		(2,696	)		-			(1,379	)		(1,379	)
		13,050			12,224			25,274			2,073			11,589			13,662
Operating loss		(13,050	)		(12,224	)		(25,274	)		(2,073	)		(11,589	)		(13,662	)

Other items
Dividend income		-			856			856			-			802			802
Unrealized loss on long-term investments		-			(180	)		(180	)		-			-			-
Gain on government loan forgiveness		-			-			-			-			10			10
Gain (loss) on modification of margin loan		-			(422	)		(422	)		-			834			834
Interest income		577			80			657			-			53			53
Other income		-			59			59			-			4			4
Accretion of rehabilitation provisions		(14	)		(21	)		(35	)		(8	)		(11	)		(19	)
Financing costs		-			(1,266	)		(1,266	)		-			(1,748	)		(1,748	)
Net foreign exchange gain (loss)		(1	)		57			56			-			(683	)		(683	)
Net loss for the year before taxes		(12,488	)		(13,061	)		(25,549	)		(2,081	)		(12,328	)		(14,409	)
Current income tax expense		(7	)		7			-			-			(11	)		(11	)
Deferred income tax recovery (expense)		-			(4,900	)		(4,900	)		-			1,220			1,220
Net loss for the year		(12,495	)		(17,954	)		(30,449	)		(2,081	)		(11,119	)		(13,200	)

⁽¹⁾Consists of U.S. GoldMining Inc. and its wholly owned subsidiary US GoldMining Canada Inc.

⁽²⁾Others consists of GoldMining Inc. and all of its subsidiaries but not including U.S. GoldMining Inc. and US GoldMining Canada.