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Share capital (Tables)
12 Months Ended
Nov. 30, 2017
Equity [Abstract]  
Schedule of Common Shares Issued and Outstanding [Table Text Block]
in thousands of dollars, except share amounts
 
 
Number of shares
 
Ascribed value
$
 
November 30, 2014
 
 
60,296,365
 
 
111,833
 
Issued pursuant to the Sunward Arrangement
 
 
43,116,312
 
 
22,851
 
Exercise of options
 
 
7,499
 
 
7
 
Exercise of Sunward Arrangement Options
 
 
347,999
 
 
177
 
Restricted Share Units
 
 
795,368
 
 
819
 
Deferred Share Units
 
 
232,878
 
 
353
 
November 30, 2015
 
 
104,796,421
 
 
136,040
 
Exercise of options
 
 
162,854
 
 
65
 
Restricted Share Units
 
 
108,399
 
 
34
 
Deferred Share Units
 
 
218,795
 
 
218
 
November 30, 2016
 
 
105,286,469
 
 
136,357
 
Exercise of options
 
 
188,856
 
 
85
 
Restricted Share Units
 
 
209,198
 
 
83
 
November 30, 2017, issued and outstanding
 
 
105,684,523
 
 
136,525
 
Schedule of Stock Options, Valuation Assumptions [Table Text Block]
 
 
 
November 30, 2017
 
November 30, 2016
 
November 30, 2015
 
Risk-free interest rates
 
 
0.90
%
 
0.52
%
 
0.42-1.12
%
Exercise price
 
 
CDN$0.69
 
 
CDN$0.43
 
 
CDN$0.55
 
Expected life
 
 
3.0 years
 
 
3.0 years
 
 
3.0 years
 
Expected volatility
 
 
74.2
%
 
59.4
%
 
56.8-59.5
%
Expected dividends
 
 
Nil
 
 
Nil
 
 
Nil
 
Schedule of Stock Options Activity [Table Text Block]
A summary of the Company’s stock option plan and changes during the year ended is as follows:
 
 
 
November 30, 2017
 
 
 
Number of options
 
Weighted average
exercise price
$
 
Balance – beginning of year
 
 
6,049,433
 
 
0.50
 
Granted
 
 
1,695,000
 
 
0.55
 
Exercised
 
 
(447,604)
 
 
0.46
 
Forfeited
 
 
(169,329)
 
 
0.49
 
Balance – end of year
 
 
7,127,500
 
 
0.54
 
Schedule of Disclosure of Stock Options Outstanding [Table Text Block]
The following table summarizes information about the stock options outstanding at November 30, 2017.
 
 
 
Outstanding
 
Exercisable
 
Unvested
 
Range of price
 
Number of
outstanding
options
 
Weighted
average years
to expiry
 
Weighted
average
exercise price
$
 
Number of
exercisable
options
 
Weighted
average
exercise price
$
 
Number of
unvested
options
 
$0.33 to $0.50
 
 
4,242,500
 
 
2.70
 
 
0.40
 
 
3,975,831
 
 
0.41
 
 
266,669
 
$0.51 to $1.00
 
 
2,830,000
 
 
3.08
 
 
0.72
 
 
2,103,327
 
 
0.78
 
 
726,673
 
$1.01 to $1.54
 
 
55,000
 
 
0.42
 
 
1.54
 
 
55,000
 
 
1.54
 
 
-
 
 
 
 
7,127,500
 
 
2.84
 
 
0.54
 
 
6,134,158
 
 
0.54
 
 
993,342
 
Schedule of NovaGold Arrangement Options Activity [Table Text Block]
A summary of the NovaGold Arrangement Options and changes during the year ended November 30, 2017 is as follows:
 
 
 
November 30, 2017
 
 
 
Number of options
 
Weighted average
exercise price
$
 
Balance – beginning of year
 
 
312,195
 
 
4.28
 
Expired
 
 
(312,195)
 
 
4.28
 
Balance – end of year
 
 
-
 
 
-
 
Schedule Of Restricted Share Units and Deferred Share Units plans [Table Text Block]
A summary of the Company’s unit plans and changes during the year ended is as follows:
 
 
 
Number of RSUs
 
Number of DSUs
 
Balance – beginning of year
 
 
400,001
 
 
925,390
 
Granted
 
 
600,000
 
 
115,841
 
Vested/paid
 
 
(399,999)
 
 
-
 
Balance – end of year
 
 
600,002
 
 
1,041,231
 
Schedule of Warrants, Activity [Table Text Block]
A summary of the Company’s warrants and changes during the year ended November 30, 2017 is as follows:
 
 
 
Number of
Warrants
 
Weighted average
years to expiry
 
Weighted average
exercise price
$
 
Balance – beginning of year
 
 
6,521,740
 
 
2.60
 
 
1.60
 
Balance – end of year
 
 
6,521,740
 
 
1.60
 
 
1.60