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Consolidated Statements of Profit or Loss and Other Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Statement Line Items [Line Items]      
Revenue $ 146,314 $ 142,082 $ 121,329
Royalty (7,637) (7,124) (6,083)
Production costs (82,709) (62,998) (53,126)
Depreciation (14,486) (10,141) (8,046)
Gross profit 41,482 61,819 54,074
Other income 263 60 46
Other expenses* (4,367) [1] (11,782) (7,136)
Administrative expenses (17,429) (11,941) (9,091)
Cash-settled share-based expense (463) (609) (477)
Equity-settled share-based expense (640) (484) 0
Net foreign exchange (loss) gain [2] (2,550) 4,411 1,184
Net derivative financial instrument expense (1,119) (1,198) (240)
Operating profit 15,177 40,276 38,360
Finance income 39 17 14
Finance cost (3,024) (657) (375)
Profit before tax (12,192) (39,636) (37,999)
Tax expense (12,810) (16,770) (14,857)
(Loss) profit for the period (618) 22,866 23,142
Other comprehensive income      
Exchange differences on translation of foreign operations (622) (462) (531)
Total comprehensive income for the period (1,240) 22,404 22,611
(Loss) profit attributable to:      
Owners of the Company (4,198) 17,903 18,405
Non-controlling interests 3,580 4,963 4,737
(Loss) profit for the period (618) 22,866 23,142
Total comprehensive income attributable to:      
Owners of the Company (4,820) 17,441 17,874
Non-controlling interests 3,580 4,963 4,737
Total comprehensive income for the period $ (1,240) $ 22,404 $ 22,611
(Loss) earnings per share      
Basic (loss) earnings per share ($) (in dollars per share) $ (0.24) $ 1.36 $ 1.49
Diluted (loss) earnings per share ($) (in dollars per share) $ (0.24) $ 1.35 $ 1.48
[1] Other expenses include impairment of plant and equipment of $26 for Blanket and $851 for the Bilboes oxide mine, as well as impairment of the solar VAT and duty receivable amounting to $720 for Blanket.
[2] After December 31, 2023 the RTGS$:USD conversion rate devalued from RTGS$ 6,105:USD 1 to RTGS$ 20,945:USD 1 on March, 25 2024. The devaluation in the exchange rate will devalue RTGS$-denominated monetary assets in quarter 1, of 2024.