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Note 16 - Tax Expense (Tables)

12 Months Ended

Dec. 31, 2018

Statement Line Items [Line Items]

Disclosure of the components of income tax [text block]

		2018				2017				2016
Tax recognised in profit or loss

Current tax			3,783				4,995				3,106
Income tax– current year			2,523				3,702				2,414
Income tax – Prior year under provision			1,075				71				49
Withholding tax expense – current year			580				1,222				643
Withholding tax expense – Prior year over provision			(395	)			—				—
Deferred tax expense			3,662				3,696				4,611
Origination and reversal of temporary differences			3,662				3,696				4,611

Tax expense – recognised in profit or loss			7,445				8,691				7,717

Income tax - current year			—				—				—
Tax expense			7,445				8,691				7,717

Disclosure of unrecognized deferred tax assets [text block]

		2018				2017				2016

Eersteling Gold Mining Company Limited			4,989				4,989				4,989
Greenstone Management Services Holdings Limited			191				116				—
Tax losses carried forward			5,180				5,105				4,989

Disclosure of income taxes paid [text block]

Tax paid		2018				2017				2016

Net income tax (payable)/receivable at January 1			(1,145	)			(345	)			344
Current tax expense			(3,783	)			(4,995	)			(3,106	)
Foreign currency movement			46				(17	)			(49	)
Tax paid			3,344				4,212				2,466
Net income tax payable at December 31			(1,538	)			(1,145	)			(345	)

Disclosure of income tax reconciliation [text block]

		2018				2017				2016
Profit for the year			13,756				11,896				11,085
Total tax expense			7,445				8,691				7,717
Profit before tax			21,201				20,587				18,802

Income tax at Company's domestic tax rate (1)			—				—				—
Tax rate differences in foreign jurisdictions (2)			6,465				6,546				6,293
Management fee – Withholding tax on deemed dividend portion (3)			337				538				—
Management fee – non-deductible deemed dividend (3)			579				925				—
Management fee – non-deductible withholding tax current year (4)			96				427				427
Management fee – non-deductible withholding tax prior year (5)			(664	)			—				—
Withholding tax on intercompany dividend			110				90				49
Non-deductible royalty expenses			882				901				753
Other non-deductible expenditure			137				107				64
Export incentive income credit 2016			—				(284	)			—
Export incentive income exemption (6)			(1,649	)			(630	)			—
Change in tax estimates
- Zimbabwean income tax (7)			795				—				—
- South African income tax (8)			220				—				—
- Other			61				(45	)			49
Change in unrecognised deferred tax assets			76				116				82
Tax expense - recognised in profit or loss			7,445				8,691				7,717

Disclosure of temporary difference, unused tax losses and unused tax credits [text block]

		Assets								Liabilities								Net
		2018				2017				2018				2017				* 2018				*2017

Property, plant and equipment			—				—				(24,930	)			(20,985	)			(24,930	)			(20,985	)
Allowance for obsolete stock			258				35				—				—				258				35
Prepayments			—				—				(3	)			(4	)			(3	)			(4	)
Unrealised foreign exchange			34				97				—				—				34				97
Share based payments			13				12				—				—				13				12
Provisions			1,386				1,290				—				—				1,386				1,290
Other			12				—				—				—				12				—
Tax assets/ (liabilities)			1,703				1,434				(24,933	)			(20,989	)			(23,230	)			(19,555	)

Disclosure of movement in recognized in deferred tax assets and liabilities [text block]

		Balance January 1, 2018				Recognised in profit or loss				Foreign exchange movement				Balance December 31, 2018
Property, plant and equipment			(20,985	)			(3,945	)			—				(24,930	)
Allowance for obsolete stock			35				223				—				258
Prepayments			(4	)			—				1				(3	)
Unrealised foreign exchange			97				(63	)			—				34
Share based payments			12				3				(2	)			13
Provisions			1,290				104				(8	)			1,386
Other			—				16				(4	)			12
Total			(19,555	)			(3,662	)			(13	)			(23,230	)

		Balance January 1, 2017				Recognised in profit or loss				Foreign exchange movement				Balance December 31, 2017
Property, plant and equipment			(17,092	)			(3,893	)			—				(20,985	)
Allowance for obsolete stock			12				23				—				35
Prepayments			(3	)			(1	)			—				(4	)
Unrealised foreign exchange			—				97				—				97
Share based payments			—				12				—				12
Provisions			1,218				66				6				1,290
Total			(15,865	)			(3,696	)			6				(19,555	)