XML 22 R12.htm IDEA: XBRL DOCUMENT v3.25.3
Fair Value of Financial Instruments
 9 Months Ended
Sep. 30, 2025
Fair Value of Financial Instruments  
Fair Value of Financial Instruments

6. Fair Value of Financial Instruments

 

During the three and nine months ended September 30, 2025 and 2024, there were no reclassifications in financial assets or liabilities between Level 1, 2 or 3 categories.

 

The following is a listing of Solitario’s financial assets and liabilities required to be measured at fair value on a recurring basis and where they are classified within the hierarchy as of September 30, 2025:

 

(in thousands)

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

Short-term investments

 

$7,573

 

 

$-

 

 

$-

 

 

$7,573

 

Marketable equity securities

 

$357

 

 

$-

 

 

$-

 

 

$357

 

 

The following is a listing of Solitario’s financial assets and liabilities required to be measured at fair value on a recurring basis and where they are classified within the hierarchy as of December 31, 2024:

 

(in thousands)

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

Short-term investments

 

$4,523

 

 

$-

 

 

$-

 

 

$4,523

 

Marketable equity securities

 

$1,322

 

 

$-

 

 

$-

 

 

$1,322

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Kinross calls

 

$67

 

 

$-

 

 

$-

 

 

$67

 

 

The fair values of other financial assets and liabilities as of September 30, 2025 and December 31, 2024 were assumed to approximate their carrying values due to their short-term nature and historically negligible credit losses.