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Long-Term Debt
 6 Months Ended
Jun. 30, 2012
Debt Disclosure [Abstract]  
Long-Term Debt

 

4.       Long-term debt

 

          The following is the schedule of debt payments due Augusta Resources Corporation ("Augusta") as of June 30, 2012 and December 31, 2011:

 

(in thousands)

Payment date

   

June 30,

2012

    

December 31,

2011

 
June 1, 2012  $—     $750 
June 1, 2013   750    750 
June 1, 2014   750    750 
June 1, 2015   1,000    1,000 
Unamortized discount   (346)   (448)
Total   2,154    2,802 
Current portion   700    727 
Long-term debt  $1,454   $2,075 

 

          During the three and six months ended June 30, 2012, Solitario recorded $49,000 and $102,000, respectively, of interest expense for accretion of the debt discount related to MH-LLC long-term debt due to Augusta. During the three and six months ended June 30, 2011 Solitario recorded $50,000 and $114,000, respectively, of interest expense for accretion of the debt discount related to MH-LLC long-term debt due to Augusta. During the three months ended June 30, 2012 and 2011 Solitario made payments of $750,000 and $500,000 of principal on the long-term debt to DHI-US, which in turn was paid to Augusta.