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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Statement Line Items [Line Items]      
Cash inflow from operations $ 26,398 $ 49,657 $ 38,703
Interest received 39 17 14
Finance costs paid (2,462) (192) (388)
Tax paid (9,206) (6,866) (7,426)
Net cash inflow from operating activities 14,769 42,616 30,903
Cash flows used in investing activities      
Acquisition of property, plant and equipment (28,556) (41,495) (32,112)
Acquisition of exploration and evaluation assets (1,837) (2,596) (5,717)
Proceeds from sale of assets held for sale 0 0 500
Proceeds from derivative financial instruments 178 0 1,066
Acquisition of Put options (946) (478) 0
Proceeds from disposal of subsidiary 0 0 340
Proceeds from call options 0 416 208
Acquisition of call options 0 (176) 0
Net cash used in investing activities (31,161) (44,329) (35,715)
Cash flows from financing activities      
Dividends paid (11,099) (8,906) (8,069)
Payment of lease liabilities (184) (150) (129)
- Equity raise (net of transaction cost) 15,569 0 7,806
Repayments of term loans 0 0 (361)
Amounts received 6,895 0 0
Proceeds from gold loan 0 0 2,752
Repayment of gold loan 0 (3,698) 0
Proceeds from share options exercised 0 0 165
Net cash from/ (used in) financing activities 3,931 (12,754) 2,164
Net decrease in cash and cash equivalents (12,461) (14,467) (2,648)
Effect of exchange rate fluctuations on cash and cash equivalents (67) (302) (179)
Net cash and cash equivalents at the beginning of the year 1,496 16,265 19,092
Net cash and cash equivalents at the end of the year (11,032) 1,496 16,265
Motapa [member]      
Cash flows from financing activities      
Repayments of term loans $ (7,250) $ 0 $ 0