10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001171843-23-002135 |
| Period End Date | 20230228 |
| Filing Date | 20230404 |
| Fiscal Year | 2023 |
| Fiscal Period | Q1 |
| XBRL Instance | ng20230228_10q_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
44 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$63.88M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$54.16M | USD | Point-in-time |
| Term deposits |
DepositsAssets
|
$62.00M | USD | Point-in-time |
| Term deposits |
DepositsAssets
|
$62.00M | USD | Point-in-time |
| Notes receivable (Note 4) |
NotesAndLoansReceivableNetCurrent
|
$24.42M | USD | Point-in-time |
| Notes receivable (Note 4) |
NotesAndLoansReceivableNetCurrent
|
$24.64M | USD | Point-in-time |
| Other assets (Note 6) |
OtherAssetsCurrent
|
$2.23M | USD | Point-in-time |
| Other assets (Note 6) |
OtherAssetsCurrent
|
$2.41M | USD | Point-in-time |
| Current assets |
AssetsCurrent
|
$143.21M | USD | Point-in-time |
| Current assets |
AssetsCurrent
|
$152.54M | USD | Point-in-time |
| Investment in Donlin Gold (Note 5) |
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
$3.85M | USD | Point-in-time |
| Investment in Donlin Gold (Note 5) |
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
$5.12M | USD | Point-in-time |
| Other assets (Note 6) |
OtherAssetsNoncurrent
|
$2.80M | USD | Point-in-time |
| Other assets (Note 6) |
OtherAssetsNoncurrent
|
$3.04M | USD | Point-in-time |
| Total assets |
Assets
|
$159.19M | USD | Point-in-time |
| Total assets |
Assets
|
$151.36M | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$769.00K | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$515.00K | USD | Point-in-time |
| Accrued payroll and related benefits |
EmployeeRelatedLiabilitiesCurrent
|
$642.00K | USD | Point-in-time |
| Accrued payroll and related benefits |
EmployeeRelatedLiabilitiesCurrent
|
$2.53M | USD | Point-in-time |
| Other liabilities (Note 8) |
OtherLiabilitiesCurrent
|
$1.30M | USD | Point-in-time |
| Other liabilities (Note 8) |
OtherLiabilitiesCurrent
|
$1.32M | USD | Point-in-time |
| Current liabilities |
LiabilitiesCurrent
|
$2.47M | USD | Point-in-time |
| Current liabilities |
LiabilitiesCurrent
|
$4.60M | USD | Point-in-time |
| Promissory note (Note 7) |
LongTermNotesPayable
|
$123.69M | USD | Point-in-time |
| Promissory note (Note 7) |
LongTermNotesPayable
|
$126.63M | USD | Point-in-time |
| Other liabilities (Note 8) |
OtherLiabilitiesNoncurrent
|
$1.00M | USD | Point-in-time |
| Other liabilities (Note 8) |
OtherLiabilitiesNoncurrent
|
$954.00K | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$129.29M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$130.06M | USD | Point-in-time |
| Common shares |
CommonStockValue
|
$1.98B | USD | Point-in-time |
| Common shares |
CommonStockValue
|
$1.98B | USD | Point-in-time |
| Contributed surplus |
AdditionalPaidInCapital
|
$82.87M | USD | Point-in-time |
| Contributed surplus |
AdditionalPaidInCapital
|
$84.29M | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-2.02B | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-2.01B | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-24.42M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-24.52M | USD | Point-in-time |
| Total equity |
StockholdersEquity
|
$29.90M | USD | Point-in-time |
| Total equity |
StockholdersEquity
|
$68.43M | USD | Point-in-time |
| Total equity |
StockholdersEquity
|
$21.30M | USD | Point-in-time |
| Total equity |
StockholdersEquity
|
$78.28M | USD | Point-in-time |
| Total liabilities and equity |
LiabilitiesAndStockholdersEquity
|
$159.19M | USD | Point-in-time |
| Total liabilities and equity |
LiabilitiesAndStockholdersEquity
|
$151.36M | USD | Point-in-time |
Income Statement
28 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| General and administrative (Note 10) |
GeneralAndAdministrativeExpense
|
$5.61M | USD | 1 Quarter |
| General and administrative (Note 10) |
GeneralAndAdministrativeExpense
|
$5.18M | USD | 1 Quarter |
| Equity loss Donlin Gold (Note 5) |
IncomeLossFromEquityMethodInvestments
|
$-4.04M | USD | 1 Quarter |
| Equity loss Donlin Gold (Note 5) |
IncomeLossFromEquityMethodInvestments
|
$-4.47M | USD | 1 Quarter |
| Operating Expenses, Total |
OperatingExpenses
|
$9.22M | USD | 1 Quarter |
| Operating Expenses, Total |
OperatingExpenses
|
$10.08M | USD | 1 Quarter |
| Loss from operations |
OperatingIncomeLoss
|
$-9.22M | USD | 1 Quarter |
| Loss from operations |
OperatingIncomeLoss
|
$-10.08M | USD | 1 Quarter |
| Interest expense on promissory note |
InterestExpenseDebt
|
$2.94M | USD | 1 Quarter |
| Interest expense on promissory note |
InterestExpenseDebt
|
$1.51M | USD | 1 Quarter |
| Accretion of notes receivable |
NotesReceivableAccretion
|
$217.00K | USD | 1 Quarter |
| Accretion of notes receivable |
NotesReceivableAccretion
|
$210.00K | USD | 1 Quarter |
| Other income (expense), net (Note 11) |
NonoperatingIncomeExpense
|
$524.00K | USD | 1 Quarter |
| Other income (expense), net (Note 11) |
NonoperatingIncomeExpense
|
$2.23M | USD | 1 Quarter |
| Loss before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$-10.58M | USD | 1 Quarter |
| Loss before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$-9.99M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$75.00K | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
- | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-10.66M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-9.99M | USD | 1 Quarter |
| Foreign currency translation adjustments |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
$-101.00K | USD | 1 Quarter |
| Foreign currency translation adjustments |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
$178.00K | USD | 1 Quarter |
| Comprehensive loss |
ComprehensiveIncomeNetOfTax
|
$-10.76M | USD | 1 Quarter |
| Comprehensive loss |
ComprehensiveIncomeNetOfTax
|
$-9.82M | USD | 1 Quarter |
| Net loss per common share basic and diluted (in dollars per share) |
EarningsPerShareBasic
|
$-0.03 | USD | 1 Quarter |
| Net loss per common share basic and diluted (in dollars per share) |
EarningsPerShareBasic
|
$-0.03 | USD | 1 Quarter |
| Basic and diluted (thousands) (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
333,948.00 | shares | 1 Quarter |
| Basic and diluted (thousands) (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
332,940.00 | shares | 1 Quarter |
Cash Flow Statement
44 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net loss |
NetIncomeLoss
|
$-10.66M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-9.99M | USD | 1 Quarter |
| Equity loss Donlin Gold |
IncomeLossFromEquityMethodInvestments
|
$-4.04M | USD | 1 Quarter |
| Equity loss Donlin Gold |
IncomeLossFromEquityMethodInvestments
|
$-4.47M | USD | 1 Quarter |
| Share-based compensation |
ShareBasedCompensation
|
$2.16M | USD | 1 Quarter |
| Share-based compensation |
ShareBasedCompensation
|
$2.09M | USD | 1 Quarter |
| Interest expense on promissory note |
InterestExpenseDebt
|
$2.94M | USD | 1 Quarter |
| Interest expense on promissory note |
InterestExpenseDebt
|
$1.51M | USD | 1 Quarter |
| Foreign exchange (gain) loss |
ForeignCurrencyTransactionGainLossBeforeTax
|
$-112.00K | USD | 1 Quarter |
| Foreign exchange (gain) loss |
ForeignCurrencyTransactionGainLossBeforeTax
|
$41.00K | USD | 1 Quarter |
| Accretion of notes receivable |
NotesReceivableAccretion
|
$217.00K | USD | 1 Quarter |
| Accretion of notes receivable |
NotesReceivableAccretion
|
$210.00K | USD | 1 Quarter |
| Gain on sale of mineral property |
GainOnSaleOfMineralProperty
|
$556.00K | USD | 1 Quarter |
| Gain on sale of mineral property |
GainOnSaleOfMineralProperty
|
- | USD | 1 Quarter |
| Change in fair value of marketable securities |
EquitySecuritiesFvNiGainLoss
|
$299.00K | USD | 1 Quarter |
| Change in fair value of marketable securities |
EquitySecuritiesFvNiGainLoss
|
$500.00K | USD | 1 Quarter |
| Other operating adjustments |
OtherOperatingActivitiesCashFlowStatement
|
$25.00K | USD | 1 Quarter |
| Other operating adjustments |
OtherOperatingActivitiesCashFlowStatement
|
- | USD | 1 Quarter |
| Net change in operating assets and liabilities (Note 14) |
IncreaseDecreaseInOperatingCapital
|
$3.05M | USD | 1 Quarter |
| Net change in operating assets and liabilities (Note 14) |
IncreaseDecreaseInOperatingCapital
|
$2.33M | USD | 1 Quarter |
| Net cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-6.00M | USD | 1 Quarter |
| Net cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-4.49M | USD | 1 Quarter |
| Funding of Donlin Gold |
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
|
$5.74M | USD | 1 Quarter |
| Funding of Donlin Gold |
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
|
$5.94M | USD | 1 Quarter |
| Proceeds from sale of mineral property |
ProceedsFromSaleOfMineralProperty
|
$556.00K | USD | 1 Quarter |
| Proceeds from sale of mineral property |
ProceedsFromSaleOfMineralProperty
|
- | USD | 1 Quarter |
| Net cash provided by (used in) investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-5.94M | USD | 1 Quarter |
| Net cash provided by (used in) investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-5.19M | USD | 1 Quarter |
| Withholding tax on share-based compensation |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
- | USD | 1 Quarter |
| Withholding tax on share-based compensation |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$2.12M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
- | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-2.12M | USD | 1 Quarter |
| Effect of exchange rate changes on cash and cash equivalents |
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$70.00K | USD | 1 Quarter |
| Effect of exchange rate changes on cash and cash equivalents |
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$-40.00K | USD | 1 Quarter |
| Net change in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-9.72M | USD | 1 Quarter |
| Net change in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-13.99M | USD | 1 Quarter |
| Cash and cash equivalents at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$91.12M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$63.88M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$77.13M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$54.16M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$91.12M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$63.88M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$77.13M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$54.16M | USD | Point-in-time |
Stockholders Equity
19 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| November 30, 2022 |
StockholdersEquity
|
$29.90M | USD | Point-in-time |
| November 30, 2022 |
StockholdersEquity
|
$68.43M | USD | Point-in-time |
| November 30, 2022 |
StockholdersEquity
|
$21.30M | USD | Point-in-time |
| November 30, 2022 |
StockholdersEquity
|
$78.28M | USD | Point-in-time |
| Share-based compensation |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$2.09M | USD | 1 Quarter |
| Share-based compensation |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$2.16M | USD | 1 Quarter |
| Stock options exercised (in shares) |
StockIssuedDuringPeriodSharesStockOptionsExercised
|
521,000.00 | shares | 1 Quarter |
| Stock options exercised |
StockIssuedDuringPeriodValueStockOptionsExercised
|
- | USD | 1 Quarter |
| Stock options exercised |
StockIssuedDuringPeriodValueStockOptionsExercised
|
- | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-10.66M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-9.99M | USD | 1 Quarter |
| Other comprehensive income |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$-101.00K | USD | 1 Quarter |
| Other comprehensive income |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$178.00K | USD | 1 Quarter |
| Performance share units (PSUs) settled in shares |
StockIssuedDuringPeriodValueShareBasedCompensation
|
- | USD | 1 Quarter |
| Withholding tax on PSUs |
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
$2.12M | USD | 1 Quarter |
| February 28, 2023 |
StockholdersEquity
|
$29.90M | USD | Point-in-time |
| February 28, 2023 |
StockholdersEquity
|
$68.43M | USD | Point-in-time |
| February 28, 2023 |
StockholdersEquity
|
$21.30M | USD | Point-in-time |
| February 28, 2023 |
StockholdersEquity
|
$78.28M | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.