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Note 16 - Tax Expense (Tables)

12 Months Ended

Dec. 31, 2023

Statement Line Items [Line Items]

Disclosure of the components of income tax [text block]

		2023				2022				2021
Tax recognised in profit or loss

Current tax			7,642				9,932				9,051
Income tax - current year			4,821				8,707				8,769
Income tax - change in tax estimate			1,944				(46	)			(168	)
Withholding tax - current year			867				1,271				450
Acquisition of Bilboes Gold tax liability (note 5)			10				-				-

Deferred tax expense			5,168				6,838				5,806
Origination and reversal of temporary differences			5,168				6,838				5,806

Tax expense – recognised in profit or loss			12,810				16,770				14,857

Tax recognised in other comprehensive income
Income tax - current year			-				-				-

Tax expense			12,810				16,770				14,857

Disclosure of unrecognized deferred tax assets [text block]

		2023			2022			2021

Bilboes Holdings (Private) Limited^*		4,447			-			-
Caledonia Holdings Zimbabwe (Private) Limited – mining		2,942			-			-
Caledonia Holdings Zimbabwe (Private) Limited - services		1,805			1,805			1,205
Blanket Employee Trust Services (Private) Limited		260			227			130
Caledonia Mining Services (Private) Limited		-			69			5
Greenstone Management Services (Pty) Ltd (UK)^@		144			176			139
Tax losses carried forward		9,598			2,277			1,479

Disclosure of income taxes paid [text block]

Tax paid		2023			2022			2021

Net income tax payable at January 1		(1,284	)		(1,461	)		(419	)
Current tax expense		(7,642	)		(9,932	)		(9,051	)
Acquisition of Bilboes Gold tax liability (note 5)		(10	)		–			–
Foreign currency movement		840			3,243			583
Tax paid		9,206			6,866			7,426
Net income tax receivable/ (payable) at December 31		1,110			(1,284	)		(1,461	)

Disclosure of income tax reconciliation [text block]

Reconciliation of tax rate

Profit for the year			(618	)			22,866				23,142
Total tax expense			12,810				16,770				14,857
Profit before tax			12,192				39,636				37,999

Income tax at Company's domestic tax rate ⁽¹⁾			-				-				-
Tax rate differences in foreign jurisdictions ⁽²⁾			5,808				12,600				11,847
Effect of income tax calculated in RTGS$ as required by PN26 ⁽³⁾			-				713				590
Management fee – withholding tax on deemed dividend portion			398				247				342
Management fee – non-deductible deemed dividend			675				735				611
Management fee – withholding tax - current year			169				174				148
Withholding tax on intercompany dividends			300				850				-
Non-deductible expenditure
- Donations			318				269				311
- Other non-deductible expenditure			37				1,613				904
Unrealised foreign exchange gains			(642	)			(1,322	)			(614	)
Change in tax estimates
- Zimbabwean income tax			1,891				-				(166	)
- South African income tax			53				(46	)			(2	)
Change in unrecognised tax losses			3,803				937				886
Tax expense - recognised in profit or loss			12,810				16,770				14,857

Disclosure of temporary difference, unused tax losses and unused tax credits [text block]

		Assets						Liabilities						Net
		2023			2022			2023			2022			2023			2022
Property, plant and equipment		-			-			(6,348	)		(6,323	)		(6,348	)		(6,323	)
Exploration and evaluation assets		-			-			(146	)		(2	)		(146	)		(2	)
Inventories – obsolete stock		65			(163	)		-			-			65			(163	)
Prepayments		-			-			(9	)		(5	)		(9	)		(5	)
Unrealised foreign exchange		-			733			-			-			-			733
Trade and other payables		190			814			-			-			190			814
Provisions		204			25			-			-			204			25
Other		66			-			-			-			66			-
Tax assets/ (liabilities)		525			1,409			(6,503	)		(6,330	)		(5,978	)*		(4,921	)*

Disclosure of movement in recognized in deferred tax assets and liabilities [text block]

		Balance January 1, 2023			Recognised in profit or loss			Foreign exchange movement			Balance December 31, 2023
Property, plant and equipment		(6,323	)		(5,737	)		5,712			(6,348	)
Exploration and evaluation assets		(2	)		-			(144	)		(146	)
Inventories – obsolete stock		(163	)		90			138			65
Prepayments		(5	)		(5	)		1			(9	)
Unrealised foreign exchange		733			-			(733	)		-
Trade and other payables		814			(111	)		(513	)		190
Provisions		25			529			(350	)		204
Other		-			66			-			66
Tax (liabilities)/ assets		(4,921	)		(5,168	)		4,111			(5,978	)

		Balance January 1, 2022			Recognised in profit or loss			Foreign exchange movement			Balance December 31, 2022
Property, plant and equipment		(9,328	)		(8,560	)		11,565			(6,323	)
Exploration and evaluation assets		(47	)		10			35			(2	)
Inventories - obsolete stock		3			(295	)		129			(163	)
Prepayments		(10	)		4			1			(5	)
Unrealised foreign exchange		499			1,179			(945	)		733
Trade and other payables		989			794			(969	)		814
Provisions		54			30			(59	)		25
Tax (liabilities)/ assets		(7,840	)		(6,838	)		9,757			(4,921	)