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Note 12 - Share-based Payments (Tables)
12 Months Ended
Dec. 31, 2022
Statement Line Items [Line Items]  
Explanation of effect of share-based payments on entity's profit or loss [text block]
 

Note

 

2022

  

2021

  

2020

 
              

Restricted Share Units and cash-settled Performance Units

12.1(a)

  609   515   1,299 

Caledonia Mining South Africa employee incentive scheme

     (38)  114 
    609   477   1,413 
 

Note

 

2022

  

2021

  

2020

 
              

EPUs

12.2(a)

  417       

Share option programs

12.2(b)

  67       
    484       
Disclosure of indirect measurement of fair value of goods or services received, share options granted during period [text block]
  

2022

  

2021

 
  

RSUs

  

PUs

  

RSUs

  

PUs

 

Risk free rate

  3.88%  3.88%  1.52%  1.52%

Fair value (USD)

  12.52   12.42   12.06   11.63 

Share price (USD)

  12.40   12.42   11.71   11.71 

Performance multiplier percentage

     93-100%     93-100%

Volatility

  1.29   0.91   1.20   1.06 

Share units granted:

 

RSUs

  

PUs

  

RSUs

  

PUs

 

Grant - January 11, 2019

     95,740      95,740 

Grant - March 23, 2019

     28,287      28,287 

Grant - June 8, 2019

     14,672      14,672 

Grant - January 11, 2020

  17,585   114,668   17,585   114,668 

Grant - March 31, 2020

     1,971      1,971 

Grant - June 1, 2020

     1,740      1,740 

Grant - September 9, 2020

     1,611      1,611 

Grant - September 14, 2020

     20,686      20,686 

Grant - October 5, 2020

     514      514 

Grant - January 11, 2021

     78,875      78,875 

Grant -April 1, 2021

     770      770 

Grant - May 14, 2021

     2,389      2,389 

Grant - June 1, 2021

     1,692      1,692 

Grant - June 14, 2021

     507      507 

Grant - August 13, 2021

     2,283      2,283 

Grant - September 1, 2021

     553      553 

Grant - September 6, 2021

     531      531 

Grant - September 20, 2021

     526      526 

Grant - October 1, 2021

     2,530      2,530 

Grant - October 11, 2021

     500      500 

Grant - November 12, 2021

     1,998      1,998 

Grant - December 1, 2021

     936      936 

Grant - January 11, 2022

     96,359       

Grant - January 12, 2022

     825       

Grant - May 13, 2022

     2,040       

Grant - June 1, 2022

     1,297       

Grant - July 1, 2022

     2,375       

Grant - October 1, 2022

     2,024       

RSU dividends reinvested

  1,980      1,066    

Settlements/terminations

     (254,491)     (30,600)

Total awards

  19,565   224,408   18,651   343,379 

Grant date

 

January 24, 2022

 

Number of units – at granted and reporting date

  130,380 

Share price (USD) – at grant date

  11.50 

Fair value (USD) – at grant date

  10.15 

Performance multiplier percentage at December 31, 2022

  100%

Options granted

10,000

 

10,000

Grant date

February 27, 2018

 

September 30, 2022

Expiry date

August 25, 2024

 

September 30, 2029

Period option may be exercised from

February 27, 2018

 

September 30, 2025

Holding period on shares issued

None

 

First anniversary from issue date

Stock exchange

Toronto Stock Exchange

 

New York Stock Exchange

Exercise price

CAD 9.30

 

USD 9.49

Share price at grant date

CAD 9.30

 

USD 9.82

Risk-free interest rate

2.86%

 

4%

Expected stock price volatility (based on historical volatility)

32%

 

102%

Expected option life in years

3

 

3