v3.26.1
Consolidated Statements of Financial Position - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Inventories $ 3,911 $ 3,188
Trade and other receivables 5,513 3,752
Amounts due from related parties 765
Cash and cash equivalents 1,887 698
Excise duty indemnification 3,575
Short-term prepayments 1,284 548
Total current assets 16,170 8,951
Non-current assets:    
Property, plant and equipment 40,969 37,044
Exploration and evaluation assets 1,054 987
Long-term prepayments 4,503 3,922
Staff loan receivables 98 135
Total non-current assets 46,624 42,088
TOTAL ASSETS 62,794 51,039
Current liabilities:    
Trade and other payables 37,881 31,451
Cash-settled share-based payment 17
Current tax liabilities 6,642 8,990
Borrowings 3,177 1,142
Bank overdraft 1,013
Excise duty payable 3,575
Amounts due to related parties 2,277 3,389
Total current liabilities 53,569 45,985
Non-current liabilities:    
Provision for rehabilitation cost 26,688 26,389
Borrowings 2,006 1,374
Deferred tax liability 8,566 8,217
Derivative liability (warrants) 1,334
Earnout liability 9,898
Cash-settled share-based payment 8
Total non-current liabilities 48,500 35,980
TOTAL LIABILITIES 102,069 81,965
Shareholders’ deficit:    
Share capital 5 1
Share premium/other reserves (109,745)
Shareholders’ surplus/(deficit) 70,465 (30,927)
Total shareholders’ deficit (39,275) (30,926)
TOTAL LIABILITIES AND SHAREHOLDERS’ DEFICIT $ 62,794 $ 51,039