Share capital (Tables)

6 Months Ended

May 31, 2013

Schedule of Common Shares Issued and Outstanding [Table Text Block]

	in thousands of d ollars, except share amounts
	Number of shares	Ascribed value
		$
November 30, 2011	200	27,280
Issued pursuant to Plan of Arrangement	46,577,878	64,496
Issued pursuant to employment agreement	76,005	316
Issued on exercise of NovaGold Arrangement Options	10,986	76
November 30, 2012	46,665,069	92,168
Issued on vesting of NovaGold Performance and Deferred Share Units	16,586	33
Issued on exercise of NovaGold Warrants	6,088,262	11,996
Issued on exercise of NovaGold Arrangement Options	1,184	11
May 31, 2013 – issued and outstanding	52,771,101	104,208

Schedule of Stock Options, Valuation Assumptions [Table Text Block]

	Six months ended
	May 31, 2013
Average risk-free interest rate	1.1 - 1.2%
Exercise price	CDN$1.97 - 2.00
Expected life	3.0 years
Expected volatility	56.2 - 57.7%
Expected dividends	nil

Schedule of Stock Options Activity [Table Text Block]

			May 31, 2013
			Weighted average
			exercise price
	Number of options		$
Balance – beginning of period	6,064,994		2.98
Granted	35,000		1.91
Forfeited	(159,998	)	3.00
Balance – end of period	5,939,996		2.97

Schedule of Disclosure of Stock Options Outstanding [Table Text Block]

	Stock options - outstanding			Stock options - exercisable
			Weighted		Weighted
	Number of	Weighted	average	Number of	average
	outstanding	average years	exercise price	exercisable	exercise price
Range of price	options	to expiry	$	options	$
$1.71 to $2.99	135,000	4.28	1.76	6,666	1.90
$3.00 to $3.99	5,804,996	3.93	3.00	4,564,988	3.00
	5,939,996	3.93	2.97	4,571,654	3.00

Schedule of NovaGold Arrangement Options Activity [Table Text Block]

			May 31, 2013
			Weighted average
			exercise price
	Number of options		$
Balance – beginning of period	2,076,541		4.05
Exercised	(3,822	)	1.26
Expired	(67,582	)	1.85
Forfeited	(60,958	)	4.68
Balance – end of period	1,944,179		4.11

Schedule of NovaGold Arrangement Stock Options Outstanding [Table Text Block]

		Stock options - outstanding		Stock options - exercisable
			Weighted		Weighted
	Number of	Weighted	average	Number of	average
	outstanding	average years	exercise price	exercisable	exercise price
Range of price	options	to expiry	$	options	$
$0.52 to $1.99	277,827	0.56	1.13	277,827	1.13
$2.00 to $3.99	751,909	1.24	2.98	751,909	2.98
$4.00 to $5.99	603,405	3.42	5.19	455,757	5.26
$6.00 to $7.99	286,039	2.62	7.30	283,260	7.31
$8.00 to $8.48	24,999	4.05	8.39	24,999	8.39
	1,944,179	2.06	4.11	1,793,752	4.03

Schedule of Unit Plans and Changes Activity [Table Text Block]

			May 31, 2013
	Number of RSUs		Number of DSUs
Balance – beginning of period	-		-
Granted	295,500		750,000
Forfeited	(12,000	)	-
Balance – end of period	283,500		750,000