Precious Metals and Base Metals Exploration & Development
Strategic Profile
Newmont Corporation holds a 9.3% stake in the company, and management/directors hold approximately 8.0% of 92.1 million shares outstanding. Solitario has a 50% joint venture interest in the high-grade Lik zinc deposit in Alaska with Teck Resources, and a 39% interest in the Florida Canyon zinc project in Peru with Nexa Resources, with both representing advanced exploration projects with over $110 million collectively invested, with Solitario carried to production on Florida Canyon.
Cyborg Score Rationale
Early-stage exploration company with strategic partnership backing from major mining company Newmont, strong technical focus on high-grade deposits, and multiple advanced projects. However, pre-revenue status and exploration-stage risks limit upside profile.
Top Insights
Recent USFS approval (Feb 2026) for Ponderosa drilling on Golden Crest establishes major de-risking milestone with multi-year drilling program beginning mid-2026
Strategic ownership by Newmont (9.3%) provides capital, technical expertise, and potential funding advantages for project advancement
Portfolio diversification spans gold, zinc, copper, and critical minerals with flagship Lik zinc and Florida Canyon projects in advanced stages
Multi-rig drilling program scheduled for 2026 on Golden Crest and Cat Creek projects signals accelerated exploration and value inflection potential
Named Competitors
Pan American Silver — Junior precious metals explorer with significant silver and gold assets
Fortuna Silver — Development-stage polymetallic mining company with Latin American focus
Teck Resources — Large diversified miner with zinc joint venture interest in Solitario's Lik project
Recent Developments
(February 2026) U.S. Forest Service approves Ponderosa drilling plan for Golden Crest property in South Dakota with 49 drill platforms approved
(January 2026) Acquired Bright Angel copper-gold porphyry project in Colorado
(October 2025) Secured drilling permits for exploration advancement
(September 2025) Reported exceptional gold intersections with 1,445 grams per ton results
(June 2025) Commenced drilling at Golden Crest property with non-brokered financing arrangement
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