a net loss of US$16.1-million or 5 cents US per share for its third quarter ended Aug. 31 versus a loss of US$11.8-million or 4 cents US a year ago.
The company said the year-over-year increase is primarily due to “the expanded Donlin Gold work program, higher interest expense on the Barrick promissory note, a decrease in the fair market value of marketable securities, lower accretion income due to the maturity of the $75-million Newmont note in July 2021, and foreign exchange movements... .”