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What changed 10-K
Item 7A. Quantitative and Qualitative Disclosures About Market Risk
2022-01-26 compared with 2021-01-27 · 2 added, 1 removed, 10 unchanged (23% of the section changed)
3 unchanged sentences
All term deposits are held through Canadian chartered banks with high investment-grade ratings and have maturities of one year or less.
−Removed: Notes receivable of $75 million upon the earlier of the completion of a new Galore Creek project pre-feasibility study or July 27, 2021, and $25 million upon the earlier of the completion of a Galore Creek project feasibility study or July 27, 2023 are due from a subsidiary of Newmont.
+Added: Notes receivable of $25 million upon the earlier of the completion of a Galore Creek project feasibility study or July 27, 2023 are due from a subsidiary of Newmont.
Newmont is a publicly traded company with investment-grade credit ratings and has guaranteed the notes receivable.
3 unchanged sentences
prime rate would result in an increase/decrease of approximately $1.2 million in the interest accrued on the promissory note per annum.
+Added: The promissory note and accrued interest are payable from 85% of the Company’s share of revenue from future mine production or from any net proceeds resulting from a reduction of the Company’s interest in Donlin Gold.
NOVAGOLD RESOURCES INC.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.