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Condensed Consolidated Interim Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
May 31, 2022
May 31, 2021
May 31, 2022
May 31, 2021
Operating activities:        
Net loss $ (14,970) $ (10,521) $ (24,965) $ (18,477)
Adjustments:        
Share-based compensation 2,105 2,095 4,196 4,137
Equity loss – Donlin Gold 8,441 4,198 12,481 6,166
Interest expense on promissory note 1,684 1,480 3,196 2,914
Foreign exchange loss 47 1,043 159 1,526
Accretion of notes receivable (209) (854) (419) (1,708)
Change in fair value of marketable securities (213) (258) (713) (484)
Other operating adjustments (2) 2 (2) 4
Net change in operating assets and liabilities (Note 13) 797 839 (2,256) (340)
Net cash used in operating activities (2,320) (1,976) (8,323) (6,262)
Investing activities:        
Proceeds from term deposits 16,000 26,000 16,000 61,000
Purchases of term deposits (8,000) (30,799) (8,000) (55,799)
Funding of Donlin Gold (10,551) (5,178) (16,487) (8,124)
Net cash provided from (used in) investing activities (2,551) (9,977) (8,487) (2,923)
Financing activities:        
Withholding tax on share-based compensation 0 0 (2,122) (731)
Net cash used in financing activities 0 0 (2,122) (731)
Effect of exchange rate changes on cash and cash equivalents 30 548 100 798
Decrease in cash and cash equivalents (4,841) (11,405) (18,832) (9,118)
Cash and cash equivalents at beginning of period 77,133 63,193 91,124 60,906
Cash and cash equivalents at end of period $ 72,292 $ 51,788 $ 72,292 $ 51,788