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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended 6 Months Ended 122 Months Ended
May 31, 2014
May 31, 2013
May 31, 2014
May 31, 2013
May 31, 2014
Cash flows used in operating activities          
Loss for the period $ (2,093) $ (5,947) $ (4,707) $ (12,573) $ (92,429)
Items not affecting cash          
Amortization 208 254 466 504 2,571
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 0 316
Stock-based compensation 135 2,000 251 6,113 18,999
Unrealized foreign exchange 0 2 0 (77) (89)
Net change in non-cash working capital          
Increase in accounts receivable (112) (77) (163) (13) (253)
Increase in deposits and prepaid amounts (165) (274) (32) (228) (610)
Increase (decrease) in accounts payable, accrued liabilities and due to related parties (254) 1,148 (232) (111) 1,436
Net cash provided by (used in) operating activities (2,281) (2,894) (4,417) (6,385) (67,522)
Cash flows from financing activities          
Proceeds received on exercise of options 0 0 17 0 36
Funding provided by NovaGold on the completion of the Plan of Arrangement 0 0 0 0 40,000
Funding provided and expenses paid by NovaGold 0 0 0 0 61,256
Repayment of notes payable 0 0 0 0 (24,000)
Settlement of Restricted Share Units 0 0 0 0 (329)
Net cash provided by (used in) financing activities 0 0 17 0 76,963
Cash flows used in investing activities          
Acquisition of plant & equipment 0 (158) (1) (172) (3,242)
Acquisition of mineral properties 0 0 0 0 (4,116)
Net cash provided by (used in) investing activities 0 (158) (1) (172) (7,358)
Increase (decrease) in cash and cash equivalents (2,281) (3,052) (4,401) (6,557) 2,083
Cash and cash equivalents - beginning of period 4,364 18,739 6,484 22,244 0
Cash and cash equivalents - end of period $ 2,083 $ 15,687 $ 2,083 $ 15,687 $ 2,083