Caledonia Mining Corp Plc | CIK:0000766011 | 3

  • Filed: 4/2/2018
  • Entity registrant name: Caledonia Mining Corp Plc (CIK: 0000766011)
  • Generator: Thunderdome
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/766011/000117184318002450/0001171843-18-002450-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/766011/000117184318002450/cmcl-20171231.xml
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    • ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory

    15
    Property, plant and equipment
     
    Cost   Land and buildings     Mine development, infrastructure and other     Exploration and Evaluation assets     Plant and equipment     Fixtures and fittings     Motor vehicles     Total  
    Balance at January 1, 2016    
    7,989
    		      
    31,158
    		      
    6,224
    		      
    20,626
    		      
    1,277
    		      
    2,069
    		      
    69,343
    		  
    Additions
    **
    		    
    -
    		      
    *17,545
    		      
    739
    		      
    572
    		      
    73
    		      
    230
    		      
    19,159
    		  
    Disposals and scrappings    
    -
    		      
    -
    		      
    -
    		      
    -
    		      
    (502
    		 )    
    (55
    		 )    
    (557
    		 )
    Reallocations between asset classes    
    361
    		      
    (3,699
    		 )    
    -
    		      
    3,338
    		      
    -
    		      
    -
    		      
    -
    		  
    Foreign exchange movement    
    17
    		      
    74
    		      
    4
    		      
    -
    		      
    28
    		      
    11
    		      
    134
    		  
    Balance at December 31, 2016    
    8,367
    		      
    45,078
    		      
    6,967
    		      
    24,536
    		      
    876
    		      
    2,255
    		      
    88,079
    		  
    Balance at January 1, 2017    
    8,367
    		      
    45,078
    		      
    6,967
    		      
    24,536
    		      
    876
    		      
    2,255
    		      
    88,079
    		  
    Additions
    **
    		    
    -
    		      
    *17,464
    		      
    -
    		      
    3,377
    		      
    36
    		      
    72
    		      
    20,949
    		  
    Impairments    
    -
    		      
    -
    		      
    -
    		      
    (12
    		 )    
    -
    		      
    -
    		      
    (12
    		 )
    Disposals and scrappings    
    -
    		      
    -
    		      
    -
    		      
    -
    		      
    -
    		      
    (2
    		 )    
    (2
    		 )
    Reallocations between asset classes    
    1,051
    		      
    (1,051
    		 )    
    -
    		      
    (20
    		 )    
    20
    		      
    -
    		      
    -
    		  
    Foreign exchange movement    
    16
    		      
    7
    		      
    -
    		      
    -
    		      
    11
    		      
    4
    		      
    38
    		  
    Balance at December 31, 2017    
    9,434
    		      
    61,498
    		      
    6,967
    		      
    27,881
    		      
    943
    		      
    2,329
    		      
    109,052
    		  
     
    There are commitments to purchase plant and equipment totalling
    $2,125
    (
    2016:
    $2,122
    ) at year end.
     
    * Included in additions to mine development, infrastructure and other assets is an amount of
    $218
    (
    2016:
    $557
    ) relating to rehabilitation asset capitalised refer note
    22.
    ** Included in additions is an amount of
    $19,556
    (
    2016:
    $17,731
    ) relating to capital work in progress (“CWIP”) and contains
    $155
    (
    2016:$103
    ) of borrowing costs capitalized from the term loan. As at year end
    $48,943
    of CWIP was included in the closing balance (
    2016:
    $34,086
    ).
     
        Land and buildings     Mine development, infrastructure and other     Exploration and Evaluation assets     Plant and equipment     Fixtures and fittings     Motor vehicles     Total  
    Accumulated depreciation and Impairment losses                                                        
    Balance at January 1, 2016    
    2,321
    		      
    3,781
    		      
    -
    		      
    11,524
    		      
    996
    		      
    1,503
    		      
    20,125
    		  
    Disposals and scrappings    
    -
    		      
    -
    		      
    -
    		      
    -
    		      
    (502
    		 )    
    (8
    		 )    
    (510
    		 )
    Impairments    
    -
    		      
    -
    		      
    -
    		      
    -
    		      
    20
    		      
    -
    		      
    20
    		  
    Depreciation for the year    
    629
    		      
    699
    		      
    -
    		      
    1,705
    		      
    106
    		      
    352
    		      
    3,491
    		  
    Foreign exchange movement    
    -
    		      
    61
    		      
    -
    		      
    -
    		      
    22
    		      
    (3
    		 )    
    80
    		  
    Balance at December 31, 2016    
    2,950
    		      
    4,541
    		      
    -
    		      
    13,229
    		      
    642
    		      
    1,844
    		      
    23,206
    		  
    Balance at January 1, 2017    
    2,950
    		      
    4,541
    		      
    -
    		      
    13,229
    		      
    642
    		      
    1,844
    		      
    23,206
    		  
    Depreciation for the year    
    686
    		      
    631
    		      
    -
    		      
    2,153
    		      
    115
    		      
    178
    		      
    3,763
    		  
    Foreign exchange movement    
    -
    		      
    -
    		      
    -
    		      
    -
    		      
    4
    		      
    1
    		      
    5
    		  
    Balance at December 31, 2017    
    3,636
    		      
    5,172
    		      
    -
    		      
    15,382
    		      
    761
    		      
    2,023
    		      
    26,974
    		  
                                                             
    Carrying amounts                                                        
    At December 31, 2016    
    5,417
    		      
    40,537
    		      
    6,967
    		      
    11,307
    		      
    234
    		      
    411
    		      
    64,873
    		  
    At December 31, 2017    
    5,798
    		      
    56,326
    		      
    6,967
    		      
    12,499
    		      
    182
    		      
    306
    		      
    82,078
    		  
     
    Economic recovery
     
    Items of Property, plant and equipment depreciated over the LoMP are depreciated inclusive of inferred resources included in the LoMP. These inferred resources are included in the calculation when the economic recovery thereof is demonstrated by the achieved recovered grade relative to the mine’s pay limit for the period
    2006
    to
    2016.
    The pay limit has ranged from
    2.3
    g/t in
    2008
    to
    1.9
    g/t in
    2017
    while the recovered grade has ranged from
    4.0
    g/t to
    3.42
    g/t over the period. All-in-sustaining-cost
    *
    has remained consistently below the gold price received over this period resulting in economic recovery of the inferred resources.
     
    * All-in sustaining cost (“AISC”) per ounce
    , is calculated as the on-mine cost per ounce to produce gold (which includes production costs before intercompany eliminations and exploration costs)
    plus
    royalty paid, additional costs incurred outside the mine (i.e. at offices in Harare, Johannesburg, London and Jersey), costs associated with maintaining the operating infrastructure and resource base that are required to maintain production at the current levels (sustaining capital investment), the share-based expense arising from the LTIP less silver by-product revenue and the export incentive credit