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Business and Significant Accounting Policy (Tables)
 6 Months Ended
Jun. 30, 2012
Accounting Policies [Abstract]  
Investment in Kinross
(in thousands) 6/30/2012 12/31/2011
Shares 670 850
Fair value    
  Current assets $1,365 $4,361
  Long term assets $4,096 $5,329
     
Kinross Shares Sold
(in thousands) Three months ended June 30 Six months ended June 30
  2012 2011 2012 2011
Shares sold 150 20 180 125
  Proceeds $1,238 $316 $1,591 $1,964
  Gain on sale $1,132 $302 $1,464 $1,870
Fair Value of Derivative Instruments
(in thousands)                    Derivative Instruments                     
  Balance Sheet
Location		 June 30,
 2012		 December 31,
 2011
Derivatives not designated as hedging
  instruments under ASC 815		      
Ely investment warrants Other current assets $   23  $   74   
International Lithium Corp warrants Other current assets     1    4   
Gain Loss on Derivative Instruments
  Three months ended Six months ended
(in thousands) June 30, 2012 June 30, 2011 June 30, 2012 June 30, 2011
Derivatives not designated as hedging
  instruments under ASC 815		 Gain(loss) Gain(loss) Gain(loss) Gain(loss)
Ely investment warrants       $(117)        $ 17         $ (51)        $73 
International Lithium Corp warrants (3) -   (3) -  
Kinross collar -    -   -    (2)
    Total derivatives $(120) $ 17  $ (54) $ 71 
Fair Value Assets and Liabilities
(in thousands) Level 1 Level 2 Level 3 Total
Assets        
Marketable equity securities $6,104 $   -     $   -     $6,104
Other current assets – Ely warrants - 23 -     23
Other current assets - ILC warrants - 1 -     1

 

Solitario recorded a royalty sale receivable of $4,000,000 in current assets in connection with the Sandstorm royalty sale discussed above. The determination of the initial fair value of $4,000,000 was categorized as Level 3, as there was no market data available and Solitario determined the fair value based upon its assumptions of the likelihood of payment of the receivable by Sandstorm as discussed below in Note 7, “Mineral Properties.”

 

          The following is a listing of Solitario’s financial assets and liabilities required to be measured at fair value on a recurring basis and where they are classified within the hierarchy as of December 31, 2011:

 

(in thousands) Level 1   Level 2   Level 3 Total  
Assets        
  Marketable equity securities $10,361  $     -    $    -    $10,361
  Other current assets - Ely warrants -    74  -    74  
  Other current assets - ILC warrants -    4  -    4 
Marketable Securities and Other Comprehensive Income
(in thousands) June 30, 2012   December 31, 2011      
  Marketable equity securities at fair value $6,104  $10,361     
  Cost 860  988     

Accumulated other comprehensive income for

unrealized holding gains

 5,244   9,373     

  Deferred taxes on accumulated other comprehensive

income for unrealized holding gains

 1,956  3,496     
 Accumulated other comprehensive income $3,288  $5,877     
Changes in Marketable Securities
(in thousands)

Three months ended

June 30,

 Six months ended
June 30,
  2012 2011 2012 2011
Gross cash proceeds $1,238  $ 316  $1,591  $1,964 
Cost 106  14  127  94 
Gross gain on sale included in earnings during the period 1,132  302  1,464  1,870 
Deferred taxes on gross gain on sale included in earnings (422) (113) (546) (698)

Reclassification adjustment to unrealized gain in other

comprehensive income for net gains included in earnings

 (710) (189) (918) (1,172)

Gross unrealized holding (loss) gain arising during the period

included in other comprehensive loss.

 (1,579) 117  (2,665) (3,170)

Deferred taxes on unrealized holdings loss (gain) included in

other comprehensive loss

 589  (44) 994  1,183 
Net unrealized holding (loss) gain (990) 73  (1,671) (1,987)

Other comprehensive (loss) income from marketable equity

securities

 $(1,700) $(116) (2,589) $(3,159)