NOTE 4. INVESTMENT IN DONLIN GOLD

12 Months Ended

Nov. 30, 2015

Schedule of Investments [Abstract]

NOTE 4. INVESTMENT IN DONLIN GOLD

The Donlin Gold project is owned by Donlin Gold LLC, a limited liability company in which Barrick and the Company each own a 50% interest. Donlin Gold LLC has a board of four directors, with two directors selected by Barrick and two directors selected by the Company. All significant decisions related to Donlin Gold LLC require the approval of Barrick and the Company.

Changes in the Company's investment in Donlin Gold LLC are summarized as follows:

	Years ended November 30,
	2015			2014			2013
Balance – beginning of period	$	1,618		$	1,720		$	4,185
Share of losses
Mineral property expenditures		(10,845	)		(13,811	)		(14,412	)
Depreciation		(171	)		(174	)		(208	)
		(11,016	)		(13,985	)		(14,620	)
Funding		10,456			13,883			12,155
Balance – end of period	$	1,058		$	1,618		$	1,720

The following amounts represent the Company's 50% share of the assets and liabilities of Donlin Gold LLC. Donlin Gold LLC has capitalized as Mineral property the initial contribution of the Donlin Gold property with a carrying value of $64,000 resulting in a higher carrying value of the Mineral property than the Company.

	At November 30,
	2015			2014
Current assets: Cash, prepaid expenses and other receivables	$	1,762		$	2,294
Non-current assets: Property and equipment		232			403
Non-current assets: Mineral property		32,692			32,692
Current liabilities: Accounts payable and accrued liabilities		(936	)		(1,079	)
Non-current liabilities: Reclamation obligation		(692	)		(692	)
Net assets	$	33,058		$	33,618