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Short-Term Debt | 6 Months Ended
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Jun. 30, 2013
Debt Disclosure [Abstract] |
Short-Term Debt | 4. Short-term debt Solitario maintains a secured credit line agreement with UBS Bank, USA (“UBS Bank”). At June 30, 2013, the credit line is secured by all of Solitario’s assets held in its UBS brokerage account, consisting primarily of 460,000 Kinross shares. The UBS Bank credit line carries an interest rate which floats, based upon a base rate of 2.25% plus the one-month London Interbank Offered Rate ("LIBOR"), which is 0.19% as of June 30, 2013. The average interest rate was approximately 2.45% and 2.48%, respectively, for the three and six months ended June 30, 2013. See a discussion of Solitario’s UBS Bank line of credit under “Short-term debt” in the notes to the financial statements in Solitario’s Annual Report on Form 10-K for the year ended December 31, 2012. At June 30, 2013, the equity value in Solitario's UBS brokerage account was 52%. Solitario repaid its remaining balance outstanding on its UBS Bank credit line on July 26, 2013 and at August 6, 2013, has no balance outstanding on the UBS Bank credit line, and the equity value in Solitario’s UBS brokerage account was 100%. Solitario also maintains a short-term margin account with RBC Capital Markets, LLC ("RBC"). See a discussion of Solitario’s RBC margin account under “Short-term debt” in the notes to the financial statements in Solitario’s Annual Report on Form 10-K for the year ended December 31, 2012. There were no balances outstanding at June 30, 2013 or December 31, 2012, or during the six months ended June 30, 2013 on Solitario’s RBC margin account and the equity balance in Solitario's account at RBC was 100%. The following tables summarize Solitario’s short-term debt:
(in thousands) |
UBS short-term credit line |
Beginning balance December 31, 2012 | $ 1,500
Borrowing | 1,100
Repayments, net of interest charges | (1,482)
Ending balance June 30, 2013 | $1,118
(in thousands) | Three months ended June 30, | Six months ended June 30,
| 2013 | 2012 | 2013 | 2012
Interest UBS short-term credit line | $ 8 | $13 | $ 16 | $24
Interest RBC short-term margin loan | - | 11 | - | 15
Total interest, short-term margin loans | $ 8 | $24 | $ 16 | $39
During the three and six months ended June 30, Solitario capitalized all of its interest to mineral property. See Note 2, “Mineral property,” above.

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- Definition The entire disclosure for short-term debt. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19 -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 16 -Article 7 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.16) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.13) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 13 -Article 9 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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