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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended 9 Months Ended 113 Months Ended
Aug. 31, 2013
Aug. 31, 2012
Aug. 31, 2013
Aug. 31, 2012
Aug. 31, 2013
Cash flows used in operating activities          
Loss for the period $ (6,890) $ (12,559) $ (19,462) $ (23,177) $ (82,790)
Items not affecting cash          
Amortization 266 235 770 521 1,842
Accretion 0 0 0 0 2,530
Loss on disposal of equipment 0 0 0 0 7
Issuance of shares as compensation 0 0 0 316 316
Stock-based compensation 755 1,987 6,868 7,481 17,393
Unrealized foreign exchange 1 0 (76) 0 (77)
Net change in non-cash working capital          
Decrease (increase) in accounts receivable 67 (62) 53 (184) (312)
Decrease (increase) in deposits and prepaid amounts 228 154 0 (449) (540)
Increase (decrease) in accounts payable, accrued liabilities and due to related parties (284) 947 (395) 2,321 1,500
Net Cash Provided by (Used in) Operationg Activities (5,857) (9,298) (12,242) (13,171) (60,131)
Cash flows from financing activities          
Funding provided by NovaGold on the completion of the Plan of Arrangement 0 0 0 40,000 40,000
Funding provided and expenses paid by NovaGold 0 0 0 3,763 61,256
Repayment of notes payable 0 0 0 0 (24,000)
Settlement of Restricted Share Units (329) 0 (329) 0 (329)
Net Cash Provided by (Used in) Financing Activities (329) 0 (329) 43,763 76,927
Cash flows used in investing activities          
Acquisition of plant & equipment (61) (297) (233) (1,492) (3,240)
Expenditures on mineral properties 0 0 0 0 (4,116)
Net Cash Provided by (Used in) Investing Activities (61) (297) (233) (1,492) (7,356)
Increase (decrease) in cash and cash equivalents (6,247) (9,595) (12,804) 29,100 9,440
Cash and cash equivalents - beginning of period 15,687 38,696 22,244 1 0
Cash and cash equivalents - end of period $ 9,440 $ 29,101 $ 9,440 $ 29,101 $ 9,440