Solitario net loss widens to $1.83 million in Q2 2026; exploration expense more than doubled to $1.51 million
Reuters2026/08/06 16:17- Solitario posted a net loss of USD 1.83 million for the quarter ended June 30, 2026, widening from USD 943,000 a year earlier.
- Exploration expense more than doubled to USD 1.51 million, driven by Golden Crest spending of USD 1.4 million as drilling began in May.
- Interest and dividend income rose to USD 77,000 from USD 52,000, while realized and unrealized gains on marketable equity securities fell to USD 56,000 from USD 201,000.
- Cash and short-term investments totaled USD 9.01 million at June 30, 2026, including USD 8.5 million in a money market account.
- Net proceeds from stock issuance under the ATM program were USD 2.65 million in the first half, with another USD 228,000 from a Newmont private placement.
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