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:DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory

    7
    Capital Management
     
    The Group’s objectives when managing capital are to safeguard its ability to continue as a going concern in order to pursue the mining operations and exploration potential of the mineral properties. The Group’s capital includes shareholders’ equity, comprising issued share capital, reserves, accumulated other comprehensive income, accumulated deficit, bank loans and non-controlling interests.
     
        2017     2016  
                     
    Total equity    
    69,211
         
    59,317
     
     
    The Group’s primary objective with respect to its capital management is to ensure that it has sufficient cash resources to maintain its on-going operations, to provide returns for shareholders and accommodate any rehabilitation provisions and to pursue growth opportunities. As at
    December 31, 2017,
    the Group is
    not
    subject to externally imposed capital requirements other than the term loan which is secured by a notarial bond over moveable assets (refer notes
    15
    and
    24
    ) and there has been
    no
    change with respect to the overall capital risk management strategy.