10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001171843-20-002271 |
| Period End Date | 20200229 |
| Filing Date | 20200401 |
| Fiscal Year | 2020 |
| Fiscal Period | Q1 |
| XBRL Instance | ng20200229_10q_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
52 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$67.55M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$59.70M | USD | Point-in-time |
| Term deposits |
DepositsAssets
|
$81.00M | USD | Point-in-time |
| Term deposits |
DepositsAssets
|
$81.00M | USD | Point-in-time |
| Other assets (Note 6) |
OtherAssetsCurrent
|
$1.79M | USD | Point-in-time |
| Other assets (Note 6) |
OtherAssetsCurrent
|
$1.05M | USD | Point-in-time |
| Current assets |
AssetsCurrent
|
$150.34M | USD | Point-in-time |
| Current assets |
AssetsCurrent
|
$141.75M | USD | Point-in-time |
| Notes receivable (Note 4) |
NotesAndLoansReceivableNetNoncurrent
|
$93.50M | USD | Point-in-time |
| Notes receivable (Note 4) |
NotesAndLoansReceivableNetNoncurrent
|
$92.68M | USD | Point-in-time |
| Investment in Donlin Gold (Note 5) |
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
$2.87M | USD | Point-in-time |
| Investment in Donlin Gold (Note 5) |
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
$1.84M | USD | Point-in-time |
| Other assets (Note 6) |
OtherAssetsNoncurrent
|
$1.69M | USD | Point-in-time |
| Other assets (Note 6) |
OtherAssetsNoncurrent
|
$977.00K | USD | Point-in-time |
| Total assets |
Assets
|
$245.84M | USD | Point-in-time |
| Total assets |
Assets
|
$239.82M | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$880.00K | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$586.00K | USD | Point-in-time |
| Accrued payroll and related benefits |
EmployeeRelatedLiabilitiesCurrent
|
$687.00K | USD | Point-in-time |
| Accrued payroll and related benefits |
EmployeeRelatedLiabilitiesCurrent
|
$2.14M | USD | Point-in-time |
| Income taxes payable |
AccruedIncomeTaxesCurrent
|
$139.00K | USD | Point-in-time |
| Income taxes payable |
AccruedIncomeTaxesCurrent
|
$138.00K | USD | Point-in-time |
| Lease obligations (Note 12) |
OperatingLeaseLiabilityCurrent
|
$188.00K | USD | Point-in-time |
| Lease obligations (Note 12) |
OperatingLeaseLiabilityCurrent
|
- | USD | Point-in-time |
| Other liabilities |
OtherLiabilitiesCurrent
|
$182.00K | USD | Point-in-time |
| Other liabilities |
OtherLiabilitiesCurrent
|
$182.00K | USD | Point-in-time |
| Current liabilities |
LiabilitiesCurrent
|
$1.78M | USD | Point-in-time |
| Current liabilities |
LiabilitiesCurrent
|
$3.34M | USD | Point-in-time |
| Promissory note (Note 7) |
LongTermNotesPayable
|
$103.79M | USD | Point-in-time |
| Promissory note (Note 7) |
LongTermNotesPayable
|
$105.55M | USD | Point-in-time |
| Lease obligations (Note 12) |
OperatingLeaseLiabilityNoncurrent
|
$550.00K | USD | Point-in-time |
| Lease obligations (Note 12) |
OperatingLeaseLiabilityNoncurrent
|
- | USD | Point-in-time |
| Deferred income taxes |
DeferredIncomeTaxLiabilitiesNet
|
$751.00K | USD | Point-in-time |
| Deferred income taxes |
DeferredIncomeTaxLiabilitiesNet
|
$924.00K | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$107.88M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$108.80M | USD | Point-in-time |
| Commitments and contingencies (Notes 7 and 12) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies (Notes 7 and 12) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Common shares |
CommonStockValue
|
$1.97B | USD | Point-in-time |
| Common shares |
CommonStockValue
|
$1.97B | USD | Point-in-time |
| Contributed surplus |
AdditionalPaidInCapital
|
$82.25M | USD | Point-in-time |
| Contributed surplus |
AdditionalPaidInCapital
|
$79.72M | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-1.89B | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-1.89B | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-25.26M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-24.81M | USD | Point-in-time |
| Total equity |
StockholdersEquity
|
$155.22M | USD | Point-in-time |
| Total equity |
StockholdersEquity
|
$160.69M | USD | Point-in-time |
| Total equity |
StockholdersEquity
|
$131.01M | USD | Point-in-time |
| Total equity |
StockholdersEquity
|
$137.95M | USD | Point-in-time |
| Total liabilities and equity |
LiabilitiesAndStockholdersEquity
|
$245.84M | USD | Point-in-time |
| Total liabilities and equity |
LiabilitiesAndStockholdersEquity
|
$239.82M | USD | Point-in-time |
Income Statement
30 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| General and administrative (Note 9) |
GeneralAndAdministrativeExpense
|
$4.34M | USD | 1 Quarter |
| General and administrative (Note 9) |
GeneralAndAdministrativeExpense
|
$4.71M | USD | 1 Quarter |
| Equity loss Donlin Gold (Note 5) |
IncomeLossFromEquityMethodInvestments
|
$-1.57M | USD | 1 Quarter |
| Equity loss Donlin Gold (Note 5) |
IncomeLossFromEquityMethodInvestments
|
$-1.32M | USD | 1 Quarter |
| OperatingExpenses |
OperatingExpenses
|
$6.28M | USD | 1 Quarter |
| OperatingExpenses |
OperatingExpenses
|
$5.66M | USD | 1 Quarter |
| Loss from operations |
OperatingIncomeLoss
|
$-6.28M | USD | 1 Quarter |
| Loss from operations |
OperatingIncomeLoss
|
$-5.66M | USD | 1 Quarter |
| Interest expense on promissory note |
InterestExpenseDebt
|
$1.80M | USD | 1 Quarter |
| Interest expense on promissory note |
InterestExpenseDebt
|
$1.76M | USD | 1 Quarter |
| Accretion of notes receivable |
NotesReceivableAccretion
|
$795.00K | USD | 1 Quarter |
| Accretion of notes receivable |
NotesReceivableAccretion
|
$824.00K | USD | 1 Quarter |
| Other income, net (Note 10) |
NonoperatingIncomeExpense
|
$887.00K | USD | 1 Quarter |
| Other income, net (Note 10) |
NonoperatingIncomeExpense
|
$700.00K | USD | 1 Quarter |
| Loss before income taxes and other items |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$-5.97M | USD | 1 Quarter |
| Loss before income taxes and other items |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$-6.33M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$357.00K | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$264.00K | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-6.59M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-6.32M | USD | 1 Quarter |
| Foreign currency translation adjustments |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
$519.00K | USD | 1 Quarter |
| Foreign currency translation adjustments |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
$-455.00K | USD | 1 Quarter |
| OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$519.00K | USD | 1 Quarter |
| OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$-455.00K | USD | 1 Quarter |
| Comprehensive loss |
ComprehensiveIncomeNetOfTax
|
$-7.05M | USD | 1 Quarter |
| Comprehensive loss |
ComprehensiveIncomeNetOfTax
|
$-5.80M | USD | 1 Quarter |
| Net loss per common share basic and diluted (in dollars per share) |
EarningsPerShareBasicAndDiluted
|
$-0.02 | USD | 1 Quarter |
| Net loss per common share basic and diluted (in dollars per share) |
EarningsPerShareBasicAndDiluted
|
$-0.02 | USD | 1 Quarter |
| Basic and diluted (thousands) (in shares) |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
328.29M | shares | 1 Quarter |
| Basic and diluted (thousands) (in shares) |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
324.75M | shares | 1 Quarter |
Cash Flow Statement
44 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net loss |
NetIncomeLoss
|
$-6.59M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-6.32M | USD | 1 Quarter |
| Share-based compensation |
ShareBasedCompensation
|
$1.76M | USD | 1 Quarter |
| Share-based compensation |
ShareBasedCompensation
|
$1.53M | USD | 1 Quarter |
| Interest expense on promissory note |
InterestExpenseDebt
|
$1.80M | USD | 1 Quarter |
| Interest expense on promissory note |
InterestExpenseDebt
|
$1.76M | USD | 1 Quarter |
| Equity loss Donlin Gold |
IncomeLossFromEquityMethodInvestments
|
$-1.57M | USD | 1 Quarter |
| Equity loss Donlin Gold |
IncomeLossFromEquityMethodInvestments
|
$-1.32M | USD | 1 Quarter |
| Accretion of notes receivable |
NotesReceivableAccretion
|
$795.00K | USD | 1 Quarter |
| Accretion of notes receivable |
NotesReceivableAccretion
|
$824.00K | USD | 1 Quarter |
| Foreign exchange (gain) loss |
ForeignCurrencyTransactionGainLossBeforeTax
|
$-386.00K | USD | 1 Quarter |
| Foreign exchange (gain) loss |
ForeignCurrencyTransactionGainLossBeforeTax
|
$378.00K | USD | 1 Quarter |
| Deferred income tax expense |
DeferredIncomeTaxExpenseBenefit
|
$173.00K | USD | 1 Quarter |
| Deferred income tax expense |
DeferredIncomeTaxExpenseBenefit
|
$167.00K | USD | 1 Quarter |
| Other operating adjustments |
OtherOperatingActivitiesCashFlowStatement
|
$-40.00K | USD | 1 Quarter |
| Other operating adjustments |
OtherOperatingActivitiesCashFlowStatement
|
$12.00K | USD | 1 Quarter |
| Net change in operating assets and liabilities (Note 13) |
IncreaseDecreaseInOperatingCapital
|
$1.20M | USD | 1 Quarter |
| Net change in operating assets and liabilities (Note 13) |
IncreaseDecreaseInOperatingCapital
|
$974.00K | USD | 1 Quarter |
| Net cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-3.50M | USD | 1 Quarter |
| Net cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-3.15M | USD | 1 Quarter |
| Proceeds from term deposits |
ProceedsFromSaleMaturityAndCollectionsOfInvestments
|
$35.00M | USD | 1 Quarter |
| Proceeds from term deposits |
ProceedsFromSaleMaturityAndCollectionsOfInvestments
|
$115.00M | USD | 1 Quarter |
| Purchases of term deposits |
PaymentsToAcquireInvestments
|
$108.00M | USD | 1 Quarter |
| Purchases of term deposits |
PaymentsToAcquireInvestments
|
$35.00M | USD | 1 Quarter |
| Funding of Donlin Gold |
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
|
$897.00K | USD | 1 Quarter |
| Funding of Donlin Gold |
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
|
$2.60M | USD | 1 Quarter |
| Net cash provided from (used in) investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-2.60M | USD | 1 Quarter |
| Net cash provided from (used in) investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$6.10M | USD | 1 Quarter |
| Withholding tax on share-based compensation |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$1.65M | USD | 1 Quarter |
| Withholding tax on share-based compensation |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$1.20M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-1.20M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-1.65M | USD | 1 Quarter |
| Effect of exchange rate changes on cash and cash equivalents |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$-101.00K | USD | 1 Quarter |
| Effect of exchange rate changes on cash and cash equivalents |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$17.00K | USD | 1 Quarter |
| Net change in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$1.77M | USD | 1 Quarter |
| Net change in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-7.85M | USD | 1 Quarter |
| Cash and cash equivalents at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$59.70M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$67.55M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$22.78M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$21.00M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$59.70M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$67.55M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$22.78M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$21.00M | USD | Point-in-time |
Stockholders Equity
22 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Balance |
StockholdersEquity
|
$155.22M | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$160.69M | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$131.01M | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$137.95M | USD | Point-in-time |
| Cumulative-effect adjustment of adopting ASU No. 2016-01 |
ImpactOfAdoptionOfAccountingStandardsUpdate
|
- | USD | 1 Quarter |
| Share-based compensation |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$1.76M | USD | 1 Quarter |
| Share-based compensation |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$1.53M | USD | 1 Quarter |
| Share-based awards settled in shares |
StockIssuedDuringPeriodValueShareBasedCompensation
|
- | USD | 1 Quarter |
| Share-based awards settled in shares |
StockIssuedDuringPeriodValueShareBasedCompensation
|
- | USD | 1 Quarter |
| Stock options exercised (in shares) |
StockIssuedDuringPeriodSharesStockOptionsExercised
|
1.09M | shares | 1 Quarter |
| Stock options exercised |
StockIssuedDuringPeriodValueStockOptionsExercised
|
- | USD | 1 Quarter |
| Stock options exercised |
StockIssuedDuringPeriodValueStockOptionsExercised
|
- | USD | 1 Quarter |
| Withholding tax on PSUs |
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
$1.65M | USD | 1 Quarter |
| Withholding tax on PSUs |
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
$1.20M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-6.59M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-6.32M | USD | 1 Quarter |
| Other comprehensive income |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$519.00K | USD | 1 Quarter |
| Other comprehensive income |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$-455.00K | USD | 1 Quarter |
| Balance |
StockholdersEquity
|
$155.22M | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$160.69M | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$131.01M | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$137.95M | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.