XML 62 R16.htm IDEA: XBRL DOCUMENT v2.4.0.8
Segment Reporting
 9 Months Ended
Sep. 30, 2013
Segment Reporting [Abstract]  
Segment Reporting

10.       Segment Reporting

 

Solitario operates in two segments, (i) mineral exploration and (ii) mining development and operations. Solitario is capitalizing Mt. Hamilton development costs subsequent to February 22, 2012, as detailed above in Note 2, “Mineral properties.” The following summarizes Solitario segment activity for the three and nine months ended September 30, 2013 and 2012:

 

(in thousands) Three months ended September 30,
  Mt Hamilton Exploration Corporate and Other Consolidated
  2013 2012 2013 2012 2013 2012 2013 2012
Property and joint venture revenue $   -   $   -   $   -   $   -   $ 200  $ 200  $ 200  $ 200 
Exploration expense    -   (6)  76  513     -       -     76  507 
Interest expense (2) -   41  -   -   -    64  -   105 
Other loss (income) (1)(3)       7  16  (17) (8) 388  1,394  378  1,402 
Pre-tax loss (income)    $   7  $51  $ 59  $  505  $  188  $  1,258  $254  $1,814 

(1)Exploration expense other includes loss on unconsolidated subsidiary.
(2)Interest cost and Mt. Hamilton depreciation have been capitalized to Mt. Hamilton mineral properties in 2013. See Note 2, “Mineral Property”.
(3)Corporate and other include gain on warrant liability and gain on sale of marketable equity securities.

 

(in thousands) Nine months ended September 30,
  Mt Hamilton Exploration Corporate and Other Consolidated
  2013 2012 2013 2012 2013 2012 2013 2012

Property and joint venture

revenue

 $   -   $   -   $   -   $   -   $ 200  $ 200  $ 200  $ 200 
Exploration expense    -        308  774  1,277     -          -        774  $  1,585 
Interest expense (2) -   143  -   -   -    103  -   246 
Other loss (income) (1)(3)       22  43  771  692  299  766  1,092  1,501 
Pre-tax loss    $   22  $     494  $1,545  $1,969  $  99  $   669  $  1,666  $  3,132 
Total assets (4)(5) $14,012  $14,216  $1,195  $1,768  $4,610  $8,415  $19,818  $24,399 
Capital Expenditures (2) $  2,124  $  2,589  $     4   $      3  $     5   $     51  $  2,133  $  2,643 

 

(1)Exploration expense other includes loss on unconsolidated subsidiary.
(2)Interest cost and Mt. Hamilton depreciation have been capitalized to Mt. Hamilton in 2013. See Note 2, “Mineral properties.”
(3)Corporate and other include gain on warrant liability and gain on sale of marketable equity securities.
(4)Exploration total assets include investment in unconsolidated subsidiary.
(5)Corporate and other total assets include investment in marketable equity securities.