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Note 4 - Investment in Donlin Gold
 12 Months Ended
Nov. 30, 2017
Donlin Gold [Member]  
Notes to Financial Statements  
Equity Method Investments and Joint Ventures Disclosure [Text Block]
NOTE
4
– INVESTMENT IN DONLIN GOLD
 
The Donlin Gold project is owned and operated by Donlin Gold LLC, a limited liability company in which wholly-owned subsidiaries of Barrick and NOVAGOLD 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 at least a majority of the Donlin Gold LLC board members.
 
Changes in the Company’s investment in Donlin Gold LLC are summarized as follows:
 
    Years ended November 30,
    2017   2016   2015
Balance – beginning of period   $
951
     $
1,058
     $
1,618
  
Share of losses                        
Mineral property expenditures    
(11,139
 )    
(8,689
 )    
(10,845
 )
Depreciation    
(80
 )    
(130
 )    
(171
 )
     
(11,219
 )    
(8,819
 )    
(11,016
 )
Funding    
11,368
      
8,712
      
10,456
  
Balance – end of period   $
1,100
     $
951
     $
1,058
  
 
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,
    2017   2016
Current assets: Cash, prepaid expenses and other receivables   $
2,075
     $
1,540
  
Non-current assets: Property and equipment    
23
      
101
  
Non-current assets: Mineral property    
32,692
      
32,692
  
Current liabilities: Accounts payable and accrued liabilities    
(998
 )    
(690
 )
Non-current liabilities: Reclamation obligation    
(692
 )    
(692
 )
Net assets   $
33,100
     $
32,951