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.

GlobeAndMail.com