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Subsequent Event | 12 Months Ended
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Dec. 31, 2012
Subsequent Events [Abstract] |
Subsequent Event | 13. Subsequent event In March 2013 Solitario signed a binding Letter of Intent (“LOI”) related to its Pachuca project in Mexico with Minera Hochschild Mexico S.A. de C.V. (“Hochschild”), a wholly owned subsidiary of Hochschild Mining plc. The LOI provides for Hochschild to earn a 51% interest in the Pachuca project by funding the following exploration commitments from the signing of a definitive agreement:
Due Dates | Expenditures (US$)
18 months | $ 2,000,000
36 months | $ 3,000,000
60 months | $ 5,000,000
Total | $ 10,000,000
Hochschild will have the option to earn an additional 19% (total interest 70%) in the project by funding all project expenditures necessary to complete a positive feasibility study. Hochschild will manage the operations and has the right to terminate the joint venture at any time. Currently, we are working on negotiating a definitive joint venture agreement with Hochschild. There can be no assurance that such an agreement will ultimately be signed.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References No definition available. + Details
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