XML 147 R9.htm IDEA: XBRL DOCUMENT
v3.22.1

Marketable Equity Securities | 12 Months Ended
--- | ---
Dec. 31, 2021
Marketable Equity Securities |
Marketable Equity Securities | 3. Marketable Equity Securities During 2021, Solitario sold (i) 2,550,000 shares of Vendetta Mining Corp. (“Vendetta”) for proceeds of $112,000 and recorded a realized loss on the sale of $269,000; (ii) 430,000 shares of TNR Gold Corp. (“TNR”) for proceeds of $27,000 and recorded a realized gain on the sale of $19,000; and (iii) 3,200 shares of Vox for proceeds of $8,000 and recorded a realized gain on the sale of $2,000. During 2020 Solitario sold 2,900,000 shares of Vendetta common stock for proceeds of $123,000 and recorded a realized gain on sale of $50,000. During 2020, Solitario received 137,255 shares of Vox upon conversion of the SilverStream Note valued at $294,000. On July 31, 2019, Solitario purchased 3,450,000 Vendetta units for aggregate consideration of $233,000. Each unit consisted of one share of Vendetta common stock and one warrant which allows the holder to purchase one additional share of Vendetta common stock at a purchase price of Cdn$0.13 per share for a period of three years (the “Vendetta Warrants”). The purchase of the units increased Solitario’s holdings of Vendetta common shares to 14,450,000 shares. During 2021, Solitario charged loss on derivative instruments of $46,000 for the change in the value of the Vendetta Warrants. During 2020, Solitario charged gain on derivative instruments of $29,000 for the change in the value of the Vendetta Warrants. At December 31, 2021 Solitario owns the following marketable equity securities:
|  | Year ended December 31, 2021 |
|  | shares |  |  | Fair value (000’s) |
Kinross Gold Corp |  |  | 100,000 |  |  | $ | 581 |
Vendetta Mining Corp. |  |  | 9,000,000 |  |  |  | 356 |
Vox Royalty Corp. |  |  | 134,055 |  |  |  | 370 |
Total |  |  |  |  |  | $ | 1,307 |
The following tables summarize Solitario’s marketable equity securities and adjustments to fair value:
(in thousands) |  | Year ended December 31, |
|  | 2021 |  |  | 2020 |
Marketable equity securities at cost |  | $ | 1,704 |  |  | $ | 2,099 |
Cumulative unrealized (loss) gain on marketable equity securities |  |  | (397 | ) |  |  | (479 | )
Marketable equity securities at fair value |  | $ | 1,307 |  |  | $ | 1,620 |
The following table represents changes in marketable equity securities:
(in thousands) |  | Year ended December 31, |
|  | 2021 |  |  | 2020 |
Cost of marketable equity securities sold |  | $ | 395 |  |  | $ | 73 |
Realized (loss) gain on marketable equity securities sold |  |  | (248 | ) |  |  | 50 |
Proceeds from the sale of marketable equity securities sold |  |  | (147 | ) |  |  | (123 | )
Net gain (loss) on marketable equity securities |  |  | (166 | ) |  |  | 410 |
Additions to marketable equity securities |  |  | - |  |  |  | 294 |
Change in marketable equity securities at fair value |  | $ | (313 | ) |  | $ | 581 |
The following table represents the realized and unrealized gain (loss) on marketable equity securities:
(in thousands) |  | Year ended December 31, |
|  | 2021 |  |  | 2020 |
Unrealized gain on marketable equity securities |  | $ | 82 |  |  | $ | 360 |
Realized (loss) gain on marketable equity securities sold |  |  | (248 | ) |  |  | 50 |
Net (loss) gain on marketable equity securities |  | $ | (166 | ) |  | $ | 410 |

X
- Definition The entire disclosure for investments in certain debt and equity securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 320 -URI http://asc.fasb.org/subtopic&trid=2209399 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 320 -URI http://asc.fasb.org/subtopic&trid=2324412 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -URI http://asc.fasb.org/topic&trid=2196928 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 940 -SubTopic 320 -URI http://asc.fasb.org/subtopic&trid=2176304 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 1403 -Paragraph (b) + Details
Name: | us-gaap_InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_MarketableSecuritiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration