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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Statement Line Items [Line Items]      
Cash generated from operations $ 49,657 $ 38,703 $ 37,967
Interest received 17 14 56
Net finance costs paid (192) (388) (405)
Tax paid (6,866) (7,426) (6,656)
Net cash generated from operating activities 42,616 30,903 30,962
Cash flows used in investing activities      
Acquisition of property, plant and equipment (41,495) (32,112) (25,081)
Acquisition of exploration and evaluation assets (2,596) (5,717) (2,759)
Proceeds from sale of assets held for sale 0 500 0
Proceeds from (purchase of) derivative financial assets 0 1,066 (1,058)
Proceeds from disposal of subsidiary 0 340 900
Acquisition of Put options (478) 0 0
Net cash used in investing activities (44,569) (35,923) (27,998)
Cash flows from financing activities      
Dividends paid (8,906) (8,069) (4,542)
Term loan repayments 0 (361) (574)
(Repayment of) proceeds from gold loan (3,698) 2,752 0
Proceeds from Call options 240 208 0
Payment of lease liabilities (150) (129) (118)
Shares issued – equity raise (net of transaction cost) 0 7,806 12,538
Proceeds from share options exercised 0 165 30
Net cash (used in) from financing activities (12,514) 2,372 7,334
Net (decrease) increase in cash and cash equivalents (14,467) (2,648) 10,298
Effect of exchange rate fluctuations on cash and cash equivalents (302) (179) (99)
Net cash and cash equivalents at the beginning of the year 16,265 19,092 8,893
Net cash and cash equivalents at the end of the year $ 1,496 $ 16,265 $ 19,092