v3.26.1
Marketable Equity Securities
 3 Months Ended
Mar. 31, 2026
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 March 31, 2026 and December 31, 2025, Solitario owned the following marketable equity securities:

 

 

 

March 31, 2026

 

 

December 31, 2025

 

 

 

shares

 

 

Fair value

(000’s)

 

 

shares

 

 

Fair value

(000’s)

 

Vendetta Mining Corp.

 

 

7,750,000

 

 

$28

 

 

 

7,750,000

 

 

$57

 

Vox Royalty Corp.

 

 

40,000

 

 

 

209

 

 

 

50,000

 

 

 

237

 

Total

 

 

 

 

 

$237

 

 

 

 

 

 

$294

 

 

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

 

(in thousands)

 

March 31, 2026

 

 

December 31,

2025

 

Marketable equity securities at cost

 

$1,155

 

 

$1,177

 

Cumulative unrealized loss on marketable equity securities

 

 

(918)

 

 

(883)

Marketable equity securities at fair value

 

$237

 

 

$294

 

 

The following table represents changes in marketable equity securities:

 

(in thousands)

 

Three months ended

March 31,

 

 

 

2026

 

 

2025

 

Cost of marketable equity securities sold

 

$22

 

 

$-

 

Realized gain on marketable equity securities sold

 

 

37

 

 

 

-

 

Gross proceeds from the sale of marketable equity securities sold

 

 

(59)

 

 

-

 

Net gain on marketable equity securities

 

 

2

 

 

 

385

 

Change in marketable equity securities at fair value

 

$(57)

 

$385

 

 

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

 

(in thousands)

 

Three months ended

March 31,

 

 

 

2026

 

 

2025

 

Unrealized (loss) gain on marketable equity securities

 

$(35)

 

$385

 

Realized gain on marketable equity securities sold

 

 

37

 

 

 

-

 

Net gain on marketable equity securities

 

$2

 

 

$385

 

 

During the three months ended March 31, 2026, Solitario sold 10,000 shares of its holdings of Vox Royalty common stock for gross proceeds of $59,000 and recorded a gain on sale of $37,000. During the three months ended March 31, 2025, Solitario did not sell any marketable equity securities.