XPL
Solitario Resources Corp.0.6641
-0.0146-2.15%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
60.37MP/E (TTM)
-Basic EPS (TTM)
-0.06Dividend Yield
0%Recent Filings
10-Q
Q3 FY2025 results
Solitario Resources narrowed its Q3 net loss to $1.9M, or $0.02 per share, from $2.3M, or $0.03 per share, a year ago, thanks to lower exploration spending at Golden Crest while ramping up at the new Bright Angel project. Cash burn eased, with operating cash use at $3.1M year-to-date versus $3.4M last year, bolstered by $5.2M from stock issuances including private placements. Liquidity strengthened to $8.4M in current assets, debt-free, funding ongoing drills across U.S. properties. Acquisitions like Bright Angel in Q3 signal steady portfolio growth. Yet commodity price swings pose ongoing exploration risks.
10-Q
Q2 FY2025 results
Solitario Resources narrowed its net loss to $943,000 in Q2 FY2025 ended June 30, 2025, from $762,000 a year earlier, while year-to-date losses held steady at $1.5M despite ramped-up exploration spending. Exploration costs jumped 38% y/y to $671,000, driven by $635,000 at the Golden Crest gold project where drilling kicked off in June, yet G&A expenses dropped 41% to $388,000 thanks to lower stock-based compensation. Other income swung to a $123,000 gain from $387,000, boosted by $1.4M proceeds from selling Kinross shares, offsetting a $336,000 derivative loss. Cash swelled to $195,000 with short-term investments at $8.8M, fueled by $4.5M in equity raises including a private placement, leaving working capital at $9.2M with no debt. Private placements closed in June 2025 for $4.4M (cash), strengthening the balance sheet. Exploration burns cash.
8-K
Solitario secures $4.5M investment
Solitario Resources closed a $4.5 million private placement on June 18, 2025, selling 7,142,855 shares at $0.63 each to Newmont and Wexford, boosting Newmont's stake to 9.4% while Wexford takes 6.2%. This funds drilling at Golden Crest and other projects, with cash now over $9 million. The deal amended rights for Golden Crest, adding a right of first refusal and advisory committee. Funding secured.
8-K
Drilling starts at Golden Crest
Solitario Resources kicked off up to 8,000 meters of drilling at its Golden Crest gold project in South Dakota on June 19, 2025, targeting new surface anomalies and building on last year's mineralized zones. Shareholders at the annual meeting that day approved increasing authorized common shares to 200 million, elected six directors with strong support except for James Hesketh's 75.5% for votes, ratified executive pay at 81.9%, and confirmed Assure CPA as auditors. Drilling advances exploration momentum. Yet dilution risk looms from the share hike.
10-Q
Q1 FY2025 results
Solitario Resources narrowed its Q1 net loss to $511,000, or $0.01 per share, from $730,000 a year earlier, thanks to lower exploration costs at $239,000 versus $354,000 and a $385,000 unrealized gain on equity securities that outpaced the prior period's $8,000. Operating expenses dipped 12% year-over-year to $736,000, while other income climbed to $225,000 amid reduced interest income of $46,000. Cash and equivalents rose to $189,000, with short-term investments at $3,973,000 and marketable securities valued at $1,706,000, supporting a solid $5.4 million working capital position and no debt. The net loss matched the operating loss, with no material discrepancies. Exploration focuses on Golden Crest, Lik, and Florida Canyon projects. Volatility in commodity prices poses a key risk.
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