XML 50 R6.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended 128 Months Ended
Nov. 30, 2014
Nov. 30, 2013
Nov. 30, 2012
Nov. 30, 2014
Cash flows used in operating activities        
Loss for the year $ (9,648)us-gaap_NetIncomeLoss $ (24,394)us-gaap_NetIncomeLoss $ (31,018)us-gaap_NetIncomeLoss $ (97,370)us-gaap_NetIncomeLoss
Items not affecting cash        
Amortization 750us-gaap_AdjustmentForAmortization 1,033us-gaap_AdjustmentForAmortization 769us-gaap_AdjustmentForAmortization 2,855us-gaap_AdjustmentForAmortization
Accretion 0us-gaap_AccretionExpense 0us-gaap_AccretionExpense 0us-gaap_AccretionExpense 2,530us-gaap_AccretionExpense
Loss on disposal of equipment 0us-gaap_GainLossOnSaleOfOtherAssets 0us-gaap_GainLossOnSaleOfOtherAssets 7us-gaap_GainLossOnSaleOfOtherAssets 7us-gaap_GainLossOnSaleOfOtherAssets
Issuance of shares as compensation 0us-gaap_StockOptionPlanExpense 0us-gaap_StockOptionPlanExpense 316us-gaap_StockOptionPlanExpense 316us-gaap_StockOptionPlanExpense
Stock-based compensation 887ncq_StockBasedCompensation 8,136ncq_StockBasedCompensation 9,411ncq_StockBasedCompensation 19,636ncq_StockBasedCompensation
Net change in non-cash working capital        
Decrease (increase) in accounts receivable (86)us-gaap_IncreaseDecreaseInAccountsReceivable 275us-gaap_IncreaseDecreaseInAccountsReceivable (365)us-gaap_IncreaseDecreaseInAccountsReceivable (176)us-gaap_IncreaseDecreaseInAccountsReceivable
Decrease (increase) in deposits and prepaid amounts 16us-gaap_IncreaseDecreaseInPrepaidExpense (37)us-gaap_IncreaseDecreaseInPrepaidExpense (458)us-gaap_IncreaseDecreaseInPrepaidExpense (562)us-gaap_IncreaseDecreaseInPrepaidExpense
Increase (decrease)in accounts payable, accrued liabilities and due to related parties (558)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities (231)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 1,452us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 1,018us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Net Cash Provided by (Used in) Operating Activities (8,639)us-gaap_NetCashProvidedByUsedInOperatingActivities (15,218)us-gaap_NetCashProvidedByUsedInOperatingActivities (19,886)us-gaap_NetCashProvidedByUsedInOperatingActivities (71,746)us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash flows from financing activities        
Proceeds from private placement, net 7,231us-gaap_ProceedsFromIssuanceOfPrivatePlacement 0us-gaap_ProceedsFromIssuanceOfPrivatePlacement 0us-gaap_ProceedsFromIssuanceOfPrivatePlacement 7,231us-gaap_ProceedsFromIssuanceOfPrivatePlacement
Proceeds received on exercise of options 16us-gaap_ProceedsFromStockOptionsExercised 20us-gaap_ProceedsFromStockOptionsExercised 0us-gaap_ProceedsFromStockOptionsExercised 36us-gaap_ProceedsFromStockOptionsExercised
Funding provided by NovaGold on the completion of the Plan of Arrangement 0us-gaap_ProceedsFromContributionsFromParent 0us-gaap_ProceedsFromContributionsFromParent 40,000us-gaap_ProceedsFromContributionsFromParent 40,000us-gaap_ProceedsFromContributionsFromParent
Funding provided and expenses paid by NovaGold 0us-gaap_ProceedsFromContributionsFromAffiliates 0us-gaap_ProceedsFromContributionsFromAffiliates 3,763us-gaap_ProceedsFromContributionsFromAffiliates 61,256us-gaap_ProceedsFromContributionsFromAffiliates
Repayment of notes payable 0us-gaap_RepaymentsOfNotesPayable 0us-gaap_RepaymentsOfNotesPayable 0us-gaap_RepaymentsOfNotesPayable (24,000)us-gaap_RepaymentsOfNotesPayable
Settlement of Restricted Share Units 0ncq_PaymentForSettlementOfRestritedShareUnits (329)ncq_PaymentForSettlementOfRestritedShareUnits 0ncq_PaymentForSettlementOfRestritedShareUnits (329)ncq_PaymentForSettlementOfRestritedShareUnits
Net Cash Provided by (Used in) Financing Activities 7,247us-gaap_NetCashProvidedByUsedInFinancingActivities (309)us-gaap_NetCashProvidedByUsedInFinancingActivities 43,763us-gaap_NetCashProvidedByUsedInFinancingActivities 84,194us-gaap_NetCashProvidedByUsedInFinancingActivities
Cash flows used in investing activities        
Acquisition of plant & equipment (18)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (233)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (1,595)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (3,258)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Acquisition of mineral properties 0us-gaap_PaymentsToAcquireMineralRights 0us-gaap_PaymentsToAcquireMineralRights (39)us-gaap_PaymentsToAcquireMineralRights (4,116)us-gaap_PaymentsToAcquireMineralRights
Net Cash Provided by (Used in) Investing Activities (18)us-gaap_NetCashProvidedByUsedInInvestingActivities (233)us-gaap_NetCashProvidedByUsedInInvestingActivities (1,634)us-gaap_NetCashProvidedByUsedInInvestingActivities (7,374)us-gaap_NetCashProvidedByUsedInInvestingActivities
Increase (decrease) in cash and cash equivalents (1,410)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (15,760)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 22,243us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 5,074us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents - beginning of period 6,484us-gaap_CashAndCashEquivalentsAtCarryingValue 22,244us-gaap_CashAndCashEquivalentsAtCarryingValue 1us-gaap_CashAndCashEquivalentsAtCarryingValue 0us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents - end of period 5,074us-gaap_CashAndCashEquivalentsAtCarryingValue 6,484us-gaap_CashAndCashEquivalentsAtCarryingValue 22,244us-gaap_CashAndCashEquivalentsAtCarryingValue 5,074us-gaap_CashAndCashEquivalentsAtCarryingValue
Non-cash investing and financing activities        
Issuance of common shares to NovaGold to acquire NovaCopper US Inc. 0ncq_IssuanceOfCommonSharesToNovagoldToAcquireNovacopperUsInc 0ncq_IssuanceOfCommonSharesToNovagoldToAcquireNovacopperUsInc 0ncq_IssuanceOfCommonSharesToNovagoldToAcquireNovacopperUsInc 27,280ncq_IssuanceOfCommonSharesToNovagoldToAcquireNovacopperUsInc
Notes payable assumed on acquisition of Ambler lands 0us-gaap_NotesIssued1 0us-gaap_NotesIssued1 0us-gaap_NotesIssued1 21,471us-gaap_NotesIssued1
Issuance of common shares by NovaGold to acquire Ambler lands $ 0ncq_IssuanceOfCommonSharesByNovagoldToAcquireAmberLands $ 0ncq_IssuanceOfCommonSharesByNovagoldToAcquireAmberLands $ 0ncq_IssuanceOfCommonSharesByNovagoldToAcquireAmberLands $ 5,000ncq_IssuanceOfCommonSharesByNovagoldToAcquireAmberLands