During
2016
Blanket mine obtained a reduced royalty award of
$181
for all incremental gold production in
2016.
A receivable was recognised for the royalty amount overpaid to the revenue authorities in
2016
based on the pre-award rate. Due to the reduced royalty amount being outstanding as at
December 31, 2017
and at the approval date of these financial statements an impairment provision of
$181
(
2016:
Nil
) was raised against the receivable.
