XML 313 R151.htm IDEA: XBRL DOCUMENT v3.23.1
Note 37 - Operating Segments - Financial Statements (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Statement Line Items [Line Items]      
Revenue $ 142,082 $ 121,329 $ 100,002
Inter-segmental revenue 0 0  
Royalty (7,124) (6,083) (5,007)
Production costs (62,998) (53,126) (43,711)
Depreciation (10,141) (8,046) (4,628)
Other income 60 46 4,765
Other expenses (11,782) (7,136) (5,315)
Administrative expenses (11,941) (9,091) (7,997)
Management fee 0 0  
Cash-settled share-based expense (609) (477) (1,413)
Equity-settled share-based expense (484) 0 0
Net foreign exchange gain (loss) 4,411 1,184 4,305
Fair value loss on derivative liabilities (1,198) (240) (266)
Net finance cost (640) (361)  
Dividends (paid) received 0    
Profit before tax 39,636 37,999 40,430
Tax expense (16,770) (14,857) (15,173)
Profit for the year 22,866 23,142 25,257
Current (excluding intercompany) 38,427 52,933  
Non-Current (excluding intercompany) 196,764 157,944  
Additions other than through business combinations, property, plant and equipment 48,220 31,479  
Expenditure on evaluation and exploration assets (note 18) 9,398 5,717  
Intercompany balances 0 0  
Current (excluding intercompany) (32,441) (17,688)  
Non-current (excluding intercompany) (9,291) (12,633)  
Intercompany balances 0 0  
Administrative expenses 11,941 9,091 $ 7,997
Elimination of intersegment amounts [member]      
Statement Line Items [Line Items]      
Revenue 0 0  
Inter-segmental revenue (19,885) (21,662)  
Royalty 0 0  
Production costs 18,586 19,893  
Depreciation 789 466  
Other income 0 0  
Other expenses 0 0  
Administrative expenses 0 2  
Management fee 0 0  
Cash-settled share-based expense 853 691  
Equity-settled share-based expense 0    
Net foreign exchange gain (loss) (291) (92)  
Fair value loss on derivative liabilities 0 0  
Net finance cost 0 0  
Dividends (paid) received 0    
Profit before tax 52 (706)  
Tax expense 117 151  
Profit for the year 169 (555)  
Current (excluding intercompany) (83) (162)  
Non-Current (excluding intercompany) (5,446) (4,880)  
Additions other than through business combinations, property, plant and equipment (1,355) (1,019)  
Expenditure on evaluation and exploration assets (note 18) 0 0  
Intercompany balances (107,227) (91,697)  
Current (excluding intercompany) 0 0  
Non-current (excluding intercompany) 116 322  
Intercompany balances 107,227 91,697  
Administrative expenses (0) (2)  
Material reconciling items [member]      
Statement Line Items [Line Items]      
Revenue 0 0  
Inter-segmental revenue 0 0  
Royalty 0 0  
Production costs 0 0  
Depreciation (42) (44)  
Other income 0 0  
Other expenses (427) (3,895)  
Administrative expenses (8,722) (6,094)  
Management fee 0 0  
Cash-settled share-based expense (1,462) (1,197)  
Equity-settled share-based expense (484)    
Net foreign exchange gain (loss) 406 389  
Fair value loss on derivative liabilities (1,198) (135)  
Net finance cost 229 1,255  
Dividends (paid) received 16,992    
Profit before tax 5,292 (9,721)  
Tax expense (850) 0  
Profit for the year 4,442 (9,721)  
Current (excluding intercompany) 3,932 16,198  
Non-Current (excluding intercompany) 19,406 897  
Additions other than through business combinations, property, plant and equipment 10,821 0  
Expenditure on evaluation and exploration assets (note 18) 4 163  
Intercompany balances 61,557 48,054  
Current (excluding intercompany) (13,089) (6,040)  
Non-current (excluding intercompany) (1,109) (1,107)  
Intercompany balances (59,749) (43,816)  
Administrative expenses 8,722 6,094  
Zimbabwean operations [member]      
Statement Line Items [Line Items]      
Revenue 142,082 121,329  
Inter-segmental revenue 0 0  
Royalty (7,124) (6,083)  
Production costs (62,701) (53,117)  
Depreciation (10,735) (8,348)  
Other income 48 47  
Other expenses (11,289) (3,241)  
Administrative expenses (172) (128)  
Management fee (3,454) (2,908)  
Cash-settled share-based expense 0 0  
Equity-settled share-based expense 0    
Net foreign exchange gain (loss) 4,415 1,182  
Fair value loss on derivative liabilities 0 0  
Net finance cost (861) (1,614)  
Dividends (paid) received (16,992)    
Profit before tax 33,217 47,119  
Tax expense (15,785) (14,356)  
Profit for the year 17,432 32,763  
Current (excluding intercompany) 33,130 34,440  
Non-Current (excluding intercompany) 181,982 159,612  
Additions other than through business combinations, property, plant and equipment 39,635 30,575  
Expenditure on evaluation and exploration assets (note 18) 9,394 5,554  
Intercompany balances 33,468 34,512  
Current (excluding intercompany) (17,451) (10,042)  
Non-current (excluding intercompany) (8,197) (11,535)  
Intercompany balances (12,725) (12,414)  
Administrative expenses 172 128  
South African operations [member]      
Statement Line Items [Line Items]      
Revenue 0 0  
Inter-segmental revenue 19,885 21,662  
Royalty 0 0  
Production costs (18,883) (19,902)  
Depreciation (153) (120)  
Other income 12 (1)  
Other expenses (66) 0  
Administrative expenses (3,047) (2,867)  
Management fee 3,454 2,908  
Cash-settled share-based expense 0 29  
Equity-settled share-based expense 0    
Net foreign exchange gain (loss) (119) (295)  
Fair value loss on derivative liabilities 0 (105)  
Net finance cost (8) (2)  
Dividends (paid) received 0    
Profit before tax 1,075 1,307  
Tax expense (252) (652)  
Profit for the year 823 655  
Current (excluding intercompany) 1,448 2,457  
Non-Current (excluding intercompany) 822 2,315  
Additions other than through business combinations, property, plant and equipment (881) 1,923  
Expenditure on evaluation and exploration assets (note 18) 0 0  
Intercompany balances 12,202 9,131  
Current (excluding intercompany) (1,901) (1,606)  
Non-current (excluding intercompany) (101) (313)  
Intercompany balances (34,753) (35,467)  
Administrative expenses $ 3,047 $ 2,867