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Short Term Debt
 3 Months Ended
Mar. 31, 2014
Debt Disclosure [Abstract]  
Short Term Debt

4.       Short-term Debt

 

During the three months ended March 31, 2014 Solitario had a secured credit line agreement with UBS Bank, USA (“UBS”), which was secured by all of Solitario’s assets held in its UBS brokerage account, consisting primarily of 530,000 Kinross shares. The UBS secured line of credit carried an interest rate which floated based upon a base rate of 2.25% plus the one-month London Interbank Offered Rate (“LIBOR”) which averaged 0.16% during the period the UBS secured line of credit was outstanding during the three months ended March 31, 2014. Solitario paid its entire balance owing on the UBS secured line of credit during the three months ended March 31, 2014 and the secured line of credit was terminated.

 

The following tables summarize Solitario’s short-term debt:

   
  (in thousands)  
  UBS short-term credit line  
      Beginning balance December 31, 2013 $ 802 
        Borrowing, including interest 104 
        Repayments   (906)
      Ending balance March 31, 2014 $   -   

 

(in thousands)

Three months ended

March 31,

  2014 2013
Interest UBS short-term credit line $ 4  $ 8 

 

During the three months ended March 31, 2014 and 2013, Solitario capitalized all of its interest to mineral property. See Note 2, “Mineral property,” above.