v3.26.3
Trade and Other Receivables, Net - Schedule of Trade and Other Receivables, Net (Details) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Schedule of Trade and Other Receivables, Net [Abstract]    
Royalty receivables [1] $ 2,136 $ 2,136
Trade receivables [1] 2,663 3,125
Staff loans 260
Other receivables 344
VAT receivables [2] 2,681 2,183
Allowance for credit losses [3] (2,275) (2,275)
Trade and other receivables, net $ 5,465 $ 5,513
[1] The Group’s trade receivables balance primarily relates to gold sales with Fidelity. The Group’s royalty receivables balance relates to a subcontracting arrangement through which the Group earned a royalty on precious metals extracted by a third-party miner from the Redwing Mine and is fully provisioned for credit loss.
[2] VAT receivables are presented net of amounts offset against other tax liabilities, as approved by the Zimbabwe tax authorities. During 2025, the Group offset VAT receivables of approximately US$2.0 million against other tax liabilities. During the six months ended June 30, 2026, the Group offset a further US$0.6
[3] Included in the expected credit loss provision are amounts of US$2.1m relating to royalties receivable and US$0.1m relating to rentals.