overview our corporate goals include continuing to advance the donlin gold project toward a construction decision maintaining support for donlin gold among the project 's stakeholders ; promoting a strong safety , sustainability , and environmental culture ; maintaining a favorable reputation of novagold ; and preserving a healthy balance sheet . our operations primarily relate to the delivery of project milestones , including the achievement of various technical , environmental , sustainable development , economic and legal objectives , obtaining necessary permits , completion of feasibility studies , preparation of engineering designs and the financing to fund these objectives . covid-19 response and community engagement novagold 's primary objective is to ensure the health and safety of its employees , partners and contractors . the company has implemented policies at its offices in salt lake city and vancouver designed to ensure the safety and well-being of all employees and the people associated with them . in that regard , to reduce risk , our employees have been asked to work remotely , avoid all non-essential travel , adhere to good hygiene practices , and engage in physical distancing . at donlin gold llc , with dedicated community partners in alaska and in the y-k region , who share the objective of protecting the health of donlin gold 's employees and contractors , a wide-ranging set of policies and procedures have been implemented at the donlin gold project site and office in anchorage this year designed to mitigate the spread of covid-19 . drilling activities at the donlin gold project site commenced in march and were suspended in early april due to concerns related to the covid-19 pandemic . activities recommenced in may after development and implementation of a new covid-19 management plan . the plan implemented a set of policies and procedures including testing of all employees and contractors prior to visiting the donlin gold project site ; utilizing charters to safely deliver employees to and from camp to minimize in-region travel ; screening and physical distancing measures while at camp ; more frequent sanitization practices ; and increased communication around hygiene and sanitization practices , as well as identification of symptoms . donlin gold llc also responded to the covid-19 pandemic with urgently needed community support , including delivery of food and supplies to 56 villages in the y-k region , alongside its native corporation partners calista and tkc . donlin gold llc joined forces with the bethel community services foundation to support the y-k resiliency fund and covenant house alaska , which provides services to homeless and at-risk youth , and partnered with the campfire organization to help fund 34,000 elder and youth meals throughout 22 communities with other key donors in the region . despite this year 's challenges , donlin gold maintained some community engagement programs related to environmental management , safety , training , educational , health and cultural initiatives . the programs included the backhaul hazardous waste removal from remote villages in the y-k region , where a total of approximately 45,000 pounds of household hazardous materials , such as large appliances , fluorescent tubes , lead acid batteries , and electronic waste was collected and shipped out of the area for safe and proper disposal ; scholarships awarded to 225 students selected by our native corporation partners ( calista and tkc ) to benefit youth education in the region ; advanced work to upgrade and improve health and safety standards of water and sewer services in the middle kuskokwim portion of the y-k region in partnership with tkc , the state of alaska , and the alaska native tribal health consortium ; and supported various environmental initiatives such as the fishwheel energy project with tkc and the annual cleanup greenup event that takes place in approximately 32 villages in the y-k region to clean their outdoor environment . donlin gold llc has five friendship agreements with villages in the y-k region ( sleetmute , crooked creek , napaskiak , nikolai , and akiak ) that formalize current engagement with key local communities . these agreements include educational , environmental , and social initiatives to help support the villages . involving the local communities in many aspects of the project is core to both barrick 's and novagold 's philosophy as illustrated by the fact that approximately 80 % of donlin gold direct hires for the 2020 drilling program were alaska natives . the covid-19 pandemic did not prevent us from delivering on the key goals we established or result in significant additional costs in 2020. however , continuation of the covid-19 pandemic in 2021 could impact employee health , workforce productivity , insurance premiums , ability to travel , the availability of industry experts and personnel , restrictions or delays to field work and studies , and other factors that will depend on future developments that may be beyond our control . 47 novagold resources inc. donlin gold project in 2020 , donlin gold llc completed an 85-hole drilling program totaling approximately 23,400 meters in both the acma and lewis deposit areas , exceeding the planned program with additional holes . the primary objective of the program , the largest such campaign at donlin gold since 2008 , was to validate recent geologic modeling concepts and testing for extensions of high-grade zones in both intrusive ( igneous ) and sedimentary rocks . assay results received to-date from the 2020 drilling program have shown areas with higher grades observed over thinner intervals compared to those predicted by previous modeling , particularly in sedimentary rocks . reported results from the drilling support modeled lithology and improve understanding of controls of the higher grades . story_separator_special_tag the program necessary for the certificates , including geotechnical core drilling , test pits , overburden drilling , packer tests , hydrogeologic test well installation and pumping tests , and geophysical surveys , commenced in 2019. the field work was temporarily paused pending the prioritization of the 2020 drill program . summary of consolidated financial performance replace_table_token_10_th results of operations loss from operations increased from $ 26.8 million in 2019 to $ 33.2 million in 2020 due to increases in general and administrative and donlin gold expenses . general and administrative expense increased due to higher share-based compensation , legal and regulatory costs , partially offset by lower travel costs . donlin gold expenses increased due to the 2020 drilling program , partially offset by lower permitting , administrative , and community engagement costs . net loss from continuing operations increased from $ 27.8 million ( $ 0.09 per share ) in 2019 to $ 33.6 million ( $ 0.10 per share ) in 2020 , primarily due to the increased loss from operations and lower interest income , partially offset by a recovery of income taxes and lower interest expense . lower interest rates in 2020 reduced interest income and the interest accrued on the promissory note payable to barrick . the recovery of income taxes results from the company 's intention to file a consolidated u.s. income tax return for its u.s. subsidiaries commencing with the year ended november 30 , 2020 and in future periods . liquidity , capital resources and capital requirements replace_table_token_11_th term deposits are denominated in u.s. dollars and are held at canadian chartered banks with high investment-grade ratings and have maturities of one year or less . 49 novagold resources inc. the net changes in total story_separator_special_tag serif ; font-size:10pt ; margin:0pt ; text-align : justify ; text-indent:36pt ; `` > as a portion of the proceeds on the sale of the company 's 50 % interest in the galore creek project to newmont , the company received a contingent note for $ 75 million receivable upon the approval of a galore creek project construction plan by the owner ( s ) . the company has not assigned a value to the contingent note receivable as management determined that approval of galore creek project construction was not probable as of the closing of the galore creek sale , and management 's assessment did not change as of november 30 , 2020. the contingent note will be recognized only when , in management 's judgement , payment is probable , and the amount recorded will not reverse in future periods . investment in affiliates investments in unconsolidated ventures over which the company has the ability to exercise significant influence , but does not control , are accounted for under the equity method and include the company 's investment in the donlin gold project . we identified donlin gold llc as a variable interest entity ( vie ) as the entity is dependent on funding from its owners . all funding , ownership , voting rights and power to exercise control is shared equally on a 50/50 basis between the owners of the vie . therefore , the company has determined that it is not the primary beneficiary of the vie . the company 's maximum exposure to loss is its investment in donlin gold llc . donlin gold llc is a non-publicly traded equity investee holding exploration and development projects . the company reviews and evaluates its investment in affiliates for other than temporary impairment when events or changes in circumstances indicate that the related carrying amounts may not be recoverable . events that could indicate impairment of an investment in affiliates include a significant decrease in long-term expected gold price , a significant increase in expected operating or capital costs , unfavorable exploration results or technical studies , a significant decrease in reserves , a loss of significant mineral claims , or a change in the development plan or strategy for the project . asset impairment is considered to exist if the total estimated future cash flows on an undiscounted basis are less than the carrying amount of the asset . if the underlying assets are not recoverable , an impairment loss is measured and recorded based on the difference between the carrying amount of the investee and its estimated fair value which may be determined using a discounted cash flow model . income taxes we account for income taxes under the asset and liability method . deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases . deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled . under the asset and liability method , the effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date . a valuation allowance is recognized if it is more likely than not that some portion or the entire deferred tax asset will not be recognized . share-based compensation we grant share-based compensation awards in exchange for employee services , including a stock option plan and a psu plan . the fair value of awards granted under the plans are recognized in the c onsolidated s tatement s of l oss over the related service period . the fair values of stock options are estimated at the time of each grant using a black‐scholes option pricing model , and the fair values of psus are measured at each grant date using a monte carlo valuation model . the fair value estimates may be impacted by certain variables including , but not limited to , stock price volatility , employee stock option exercise behaviors , additional stock option grants

cash and cash equivalents and term deposits resulted from : replace_table_token_12_th net cash used in operating activities increased by $ 3.9 million , primarily due to lower interest income , and higher legal and regulatory costs . funding of donlin gold increased by $ 4.2 million due to the 2020 drilling program . withholding taxes were paid on vested performance share units in each of the first quarters of 2020 and 2019. donlin gold funding of $ 15.3 million was $ 4.7 million lower than our original outlook of $ 20 million primarily due to better than planned drill productivity and lower permitting , administrative and community engagement costs . spending on corporate general and administrative costs , excluding share-based compensation costs , was $ 0.5 million higher than our original outlook of $ 11 million due to higher legal and regulatory costs , partially offset by lower travel costs . we do not currently generate operating cash flows . as of november 30 , 2020 , we had cash and cash equivalents of $ 60.9 million and term deposits of $ 61.0 million . in july 2021 , we expect to receive $ 75 million from the first note receivable from newmont in relation to the 2018 sale of our 50 % interest in the galore creek project . our anticipated expenditures in 2021 are $ 31 to $ 35 million , including $ 18 to $ 22 million to fund the donlin gold project and $ 13 million for corporate general and administrative costs .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```cash and cash equivalents and term deposits resulted from : replace_table_token_12_th net cash used in operating activities increased by $ 3.9 million , primarily due to lower interest income , and higher legal and regulatory costs . funding of donlin gold increased by $ 4.2 million due to the 2020 drilling program . withholding taxes were paid on vested performance share units in each of the first quarters of 2020 and 2019. donlin gold funding of $ 15.3 million was $ 4.7 million lower than our original outlook of $ 20 million primarily due to better than planned drill productivity and lower permitting , administrative and community engagement costs . spending on corporate general and administrative costs , excluding share-based compensation costs , was $ 0.5 million higher than our original outlook of $ 11 million due to higher legal and regulatory costs , partially offset by lower travel costs . we do not currently generate operating cash flows . as of november 30 , 2020 , we had cash and cash equivalents of $ 60.9 million and term deposits of $ 61.0 million . in july 2021 , we expect to receive $ 75 million from the first note receivable from newmont in relation to the 2018 sale of our 50 % interest in the galore creek project . our anticipated expenditures in 2021 are $ 31 to $ 35 million , including $ 18 to $ 22 million to fund the donlin gold project and $ 13 million for corporate general and administrative costs .
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 Suspicious Activity Report : overview our corporate goals include continuing to advance the donlin gold project toward a construction decision maintaining support for donlin gold among the project 's stakeholders ; promoting a strong safety , sustainability , and environmental culture ; maintaining a favorable reputation of novagold ; and preserving a healthy balance sheet . our operations primarily relate to the delivery of project milestones , including the achievement of various technical , environmental , sustainable development , economic and legal objectives , obtaining necessary permits , completion of feasibility studies , preparation of engineering designs and the financing to fund these objectives . covid-19 response and community engagement novagold 's primary objective is to ensure the health and safety of its employees , partners and contractors . the company has implemented policies at its offices in salt lake city and vancouver designed to ensure the safety and well-being of all employees and the people associated with them . in that regard , to reduce risk , our employees have been asked to work remotely , avoid all non-essential travel , adhere to good hygiene practices , and engage in physical distancing . at donlin gold llc , with dedicated community partners in alaska and in the y-k region , who share the objective of protecting the health of donlin gold 's employees and contractors , a wide-ranging set of policies and procedures have been implemented at the donlin gold project site and office in anchorage this year designed to mitigate the spread of covid-19 . drilling activities at the donlin gold project site commenced in march and were suspended in early april due to concerns related to the covid-19 pandemic . activities recommenced in may after development and implementation of a new covid-19 management plan . the plan implemented a set of policies and procedures including testing of all employees and contractors prior to visiting the donlin gold project site ; utilizing charters to safely deliver employees to and from camp to minimize in-region travel ; screening and physical distancing measures while at camp ; more frequent sanitization practices ; and increased communication around hygiene and sanitization practices , as well as identification of symptoms . donlin gold llc also responded to the covid-19 pandemic with urgently needed community support , including delivery of food and supplies to 56 villages in the y-k region , alongside its native corporation partners calista and tkc . donlin gold llc joined forces with the bethel community services foundation to support the y-k resiliency fund and covenant house alaska , which provides services to homeless and at-risk youth , and partnered with the campfire organization to help fund 34,000 elder and youth meals throughout 22 communities with other key donors in the region . despite this year 's challenges , donlin gold maintained some community engagement programs related to environmental management , safety , training , educational , health and cultural initiatives . the programs included the backhaul hazardous waste removal from remote villages in the y-k region , where a total of approximately 45,000 pounds of household hazardous materials , such as large appliances , fluorescent tubes , lead acid batteries , and electronic waste was collected and shipped out of the area for safe and proper disposal ; scholarships awarded to 225 students selected by our native corporation partners ( calista and tkc ) to benefit youth education in the region ; advanced work to upgrade and improve health and safety standards of water and sewer services in the middle kuskokwim portion of the y-k region in partnership with tkc , the state of alaska , and the alaska native tribal health consortium ; and supported various environmental initiatives such as the fishwheel energy project with tkc and the annual cleanup greenup event that takes place in approximately 32 villages in the y-k region to clean their outdoor environment . donlin gold llc has five friendship agreements with villages in the y-k region ( sleetmute , crooked creek , napaskiak , nikolai , and akiak ) that formalize current engagement with key local communities . these agreements include educational , environmental , and social initiatives to help support the villages . involving the local communities in many aspects of the project is core to both barrick 's and novagold 's philosophy as illustrated by the fact that approximately 80 % of donlin gold direct hires for the 2020 drilling program were alaska natives . the covid-19 pandemic did not prevent us from delivering on the key goals we established or result in significant additional costs in 2020. however , continuation of the covid-19 pandemic in 2021 could impact employee health , workforce productivity , insurance premiums , ability to travel , the availability of industry experts and personnel , restrictions or delays to field work and studies , and other factors that will depend on future developments that may be beyond our control . 47 novagold resources inc. donlin gold project in 2020 , donlin gold llc completed an 85-hole drilling program totaling approximately 23,400 meters in both the acma and lewis deposit areas , exceeding the planned program with additional holes . the primary objective of the program , the largest such campaign at donlin gold since 2008 , was to validate recent geologic modeling concepts and testing for extensions of high-grade zones in both intrusive ( igneous ) and sedimentary rocks . assay results received to-date from the 2020 drilling program have shown areas with higher grades observed over thinner intervals compared to those predicted by previous modeling , particularly in sedimentary rocks . reported results from the drilling support modeled lithology and improve understanding of controls of the higher grades . story_separator_special_tag the program necessary for the certificates , including geotechnical core drilling , test pits , overburden drilling , packer tests , hydrogeologic test well installation and pumping tests , and geophysical surveys , commenced in 2019. the field work was temporarily paused pending the prioritization of the 2020 drill program . summary of consolidated financial performance replace_table_token_10_th results of operations loss from operations increased from $ 26.8 million in 2019 to $ 33.2 million in 2020 due to increases in general and administrative and donlin gold expenses . general and administrative expense increased due to higher share-based compensation , legal and regulatory costs , partially offset by lower travel costs . donlin gold expenses increased due to the 2020 drilling program , partially offset by lower permitting , administrative , and community engagement costs . net loss from continuing operations increased from $ 27.8 million ( $ 0.09 per share ) in 2019 to $ 33.6 million ( $ 0.10 per share ) in 2020 , primarily due to the increased loss from operations and lower interest income , partially offset by a recovery of income taxes and lower interest expense . lower interest rates in 2020 reduced interest income and the interest accrued on the promissory note payable to barrick . the recovery of income taxes results from the company 's intention to file a consolidated u.s. income tax return for its u.s. subsidiaries commencing with the year ended november 30 , 2020 and in future periods . liquidity , capital resources and capital requirements replace_table_token_11_th term deposits are denominated in u.s. dollars and are held at canadian chartered banks with high investment-grade ratings and have maturities of one year or less . 49 novagold resources inc. the net changes in total story_separator_special_tag serif ; font-size:10pt ; margin:0pt ; text-align : justify ; text-indent:36pt ; `` > as a portion of the proceeds on the sale of the company 's 50 % interest in the galore creek project to newmont , the company received a contingent note for $ 75 million receivable upon the approval of a galore creek project construction plan by the owner ( s ) . the company has not assigned a value to the contingent note receivable as management determined that approval of galore creek project construction was not probable as of the closing of the galore creek sale , and management 's assessment did not change as of november 30 , 2020. the contingent note will be recognized only when , in management 's judgement , payment is probable , and the amount recorded will not reverse in future periods . investment in affiliates investments in unconsolidated ventures over which the company has the ability to exercise significant influence , but does not control , are accounted for under the equity method and include the company 's investment in the donlin gold project . we identified donlin gold llc as a variable interest entity ( vie ) as the entity is dependent on funding from its owners . all funding , ownership , voting rights and power to exercise control is shared equally on a 50/50 basis between the owners of the vie . therefore , the company has determined that it is not the primary beneficiary of the vie . the company 's maximum exposure to loss is its investment in donlin gold llc . donlin gold llc is a non-publicly traded equity investee holding exploration and development projects . the company reviews and evaluates its investment in affiliates for other than temporary impairment when events or changes in circumstances indicate that the related carrying amounts may not be recoverable . events that could indicate impairment of an investment in affiliates include a significant decrease in long-term expected gold price , a significant increase in expected operating or capital costs , unfavorable exploration results or technical studies , a significant decrease in reserves , a loss of significant mineral claims , or a change in the development plan or strategy for the project . asset impairment is considered to exist if the total estimated future cash flows on an undiscounted basis are less than the carrying amount of the asset . if the underlying assets are not recoverable , an impairment loss is measured and recorded based on the difference between the carrying amount of the investee and its estimated fair value which may be determined using a discounted cash flow model . income taxes we account for income taxes under the asset and liability method . deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases . deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled . under the asset and liability method , the effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date . a valuation allowance is recognized if it is more likely than not that some portion or the entire deferred tax asset will not be recognized . share-based compensation we grant share-based compensation awards in exchange for employee services , including a stock option plan and a psu plan . the fair value of awards granted under the plans are recognized in the c onsolidated s tatement s of l oss over the related service period . the fair values of stock options are estimated at the time of each grant using a black‐scholes option pricing model , and the fair values of psus are measured at each grant date using a monte carlo valuation model . the fair value estimates may be impacted by certain variables including , but not limited to , stock price volatility , employee stock option exercise behaviors , additional stock option grants

