The head of NovaGold Resources Inc. says he’s “embarrassed” for Barrick Gold Corp. after shareholders again resisted a takeover offer from the world’s largest bullion producer, prompting Barrick to extend the hostile bid for a fifth time.

“Isn’t this starting to get embarrassing for them? It should be. I’m embarrassed for them,” Rick Van Nieuwenhuyse, NovaGold’s president and chief executive officer, said in an interview.