Long Term Debt	6 Months Ended
Jun. 30, 2011
Long Term Debt	4. Long-term debt In connection with the formation of MH-LLC, the Mt. Hamilton properties contributed by DHI-US to MH-LLC were subject to a security interest granted to Augusta Resources Corporation ("Augusta") related to Ely's acquisition of the Mt. Hamilton properties. Pursuant to the MH Agreement, as part of its earn-in, Solitario has agreed to make payments totaling $3,750,000, of which $1,250,000 will be paid in cash to DHI-US and $2,500,000 are to be made as private placement investments in Ely common stock, all to provide Ely with the funds necessary for Ely to make the loan payments due to Augusta. The payments due to Augusta are non-interest bearing. Accordingly, upon formation and the contribution of the mineral properties by DHI-US, MH-LLC recorded $3,066,000 for the discounted fair value of the payments due to Augusta, discounted at 7.5%, which was Solitario's estimated cost of similar credit as of the formation of MH-LLC. During the three and six months ended June 30, 2011, Solitario made a $500,000 payment of principal on the long-term debt to DHI-US, which in turn was paid to Augusta and recorded $50,000 and $114,000, respectively, for accretion of interest expense related to MH-LLC long-term debt due to Augusta. As of June 30, 2011 the outstanding long-term debt balance was $2,699,000, of which Solitario has recorded $700,000 as current for the discounted fair value of the $750,000 payment due to Augusta on June 1, 2012.

Long Term Debt

6 Months Ended

Jun. 30, 2011

4. Long-term debt

In connection with the formation of MH-LLC, the Mt. Hamilton properties contributed by DHI-US to MH-LLC were subject to a security interest granted to Augusta Resources Corporation ("Augusta") related to Ely's acquisition of the Mt. Hamilton properties. Pursuant to the MH Agreement, as part of its earn-in, Solitario has agreed to make payments totaling $3,750,000, of which $1,250,000 will be paid in cash to DHI-US and $2,500,000 are to be made as private placement investments in Ely common stock, all to provide Ely with the funds necessary for Ely to make the loan payments due to Augusta. The payments due to Augusta are non-interest bearing. Accordingly, upon formation and the contribution of the mineral properties by DHI-US, MH-LLC recorded $3,066,000 for the discounted fair value of the payments due to Augusta, discounted at 7.5%, which was Solitario's estimated cost of similar credit as of the formation of MH-LLC.

During the three and six months ended June 30, 2011, Solitario made a $500,000 payment of principal on the long-term debt to DHI-US, which in turn was paid to Augusta and recorded $50,000 and $114,000, respectively, for accretion of interest expense related to MH-LLC long-term debt due to Augusta. As of June 30, 2011 the outstanding long-term debt balance was $2,699,000, of which Solitario has recorded $700,000 as current for the discounted fair value of the $750,000 payment due to Augusta on June 1, 2012.