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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Statement Line Items [Line Items]      
Cash generated from operations $ 38,703 $ 37,967 $ 23,885
Interest received 14 56 146
Interest paid (388) (405) (454)
Tax paid (7,426) (6,656) (5,517)
Net cash from operating activities 30,903 30,962 18,060
Cash flows used in investing activities      
Acquisition of property, plant and equipment (32,112) (25,081) (19,852)
Acquisition of exploration and evaluation assets (5,717) (2,759) (172)
Proceeds from sale of assets held for sale 500 0 0
Realisation (purchase) of Gold ETF 1,066 (1,058) 0
Proceeds from disposal of subsidiary 340 900 1,000
Net cash used in investing activities (35,923) (27,998) (19,024)
Cash flows from financing activities      
Dividends paid (8,069) (4,542) (3,395)
Term loan proceeds (net of transaction cost) 0 0 2,294
Term loan repayments (361) (574) 0
Proceeds from gold loan 2,752 0 0
Proceeds from call option 208 0 0
Payment of lease liabilities (129) (118) (124)
Shares issued – equity raise (net of transaction cost) 7,806 12,538 0
Proceeds from share options exercised 165 30 0
Net cash from (used in) financing activities 2,372 7,334 (1,225)
Net (decrease) / increase in cash and cash equivalents (2,648) 10,298 (2,189)
Effect of exchange rate fluctuations on cash and cash equivalents (179) (99) (105)
Net cash and cash equivalents at the beginning of the year 19,092 8,893 11,187
Net cash and cash equivalents at the end of the year $ 16,265 $ 19,092 $ 8,893