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Marketable Equity Securities

6 Months Ended

Jun. 30, 2024

Marketable Equity Securities

Marketable Equity Securities

3. Marketable Equity Securities

Solitario's investments in marketable equity securities are carried at fair value, which is based upon quoted prices of the securities owned.  The cost of marketable equity securities sold is determined by the specific identification method.  Changes in fair value are recorded in the condensed consolidated statement of operations. 

At June 30, 2024 and December 31, 2023 Solitario owns the following marketable equity securities:

		June 30, 2024								December 31, 2023
		Shares				Fair value (000’s)				Shares				Fair value (000’s)
Kinross Gold Corp.			100,000			$	832				100,000			$	605
Vendetta Mining Corp.			7,750,000				85				7,750,000				118
Vox Royalty Corp.			134,055				371				134,055				276
Highlander Silver Corp.			-				-				100,000				33
Total						$	1,288							$	1,032

The following tables summarize Solitario’s marketable equity securities and adjustments to fair value:

(in thousands)		June 30, 2024				December 31, 2023
Marketable equity securities at cost		$	1,440			$	1,440
Cumulative unrealized loss on marketable equity securities			(152	)			(408	)
Marketable equity securities at fair value		$	1,288			$	1,032

The following table represents changes in marketable equity securities:

(in thousands)		Three months ended June 30,								Six months ended June 30,
		2024				2023				2024				2023
Cost of marketable equity securities sold		$	-			$	-			$	-			$	-
Realized gain on marketable equity securities sold			54				-				54				-
Proceeds from the sale of marketable equity securities sold			(54	)			-				(54	)			-
Net (loss) gain on marketable equity securities			302				(227	)			310				(102	)
Change in marketable equity securities at fair value		$	248			$	(227	)		$	256			$	(102	)

The following table represents the realized and unrealized (loss) gain on marketable equity securities:  

(in thousands)		Three months ended June 30,								Six months ended June 30,
		2024				2023				2024				2023
Unrealized gain (loss) on marketable equity securities		$	248			$	(227	)		$	256			$	(102	)
Realized gain on marketable equity securities sold			54				-				54				-
Net gain (loss) on marketable equity securities		$	302			$	(227	)		$	310			$	(102	)

During the three and six months ended June 30, 2024, Solitario sold 100,000 shares of Highlander Silver Corp. (“Highlander”) common stock for proceeds of $54,000 and recorded a gain on sale of $54,000 on the date of sale.

During the three and six months ended June 30, 2023, Solitario did not sell any marketable equity securities.

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- Definition

The entire disclosure for investments in certain debt and equity securities.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 940
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-Name Accounting Standards Codification
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6B

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-Name Accounting Standards Codification
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