Solitario Resources Corp. (TSX: SLR; NYSE American: XPL; formerly Solitario Zinc Corp.) holds a three-project portfolio across three jurisdictions. (1) Florida Canyon (formerly Bongara) Zn-Pb-Ag project, Amazonas Department, Peru: a joint venture (Minera Bongara S.A.) currently 39% Solitario and 61% Nexa Resources, the operator. Under the joint-venture terms Nexa funds all costs through a feasibility study, on completion of which it earns a 70% interest and Solitario holds 30%, and Solitario is carried to production. (2) Golden Crest, a 100%-owned grassroots gold exploration project in the northern Black Hills, South Dakota: a 2026 Phase-1 program at the Ponderosa target (10 core holes, 2,949m, drilled mid-May to late-July 2026) intersected only low-level gold mineralization (0.02 to 0.40 g/t Au) across multiple intervals in Paleozoic limestones, with no high-grade feeder zone cut. (3) Lik, a high-grade zinc deposit in northwestern Alaska 14 miles northwest of Teck's operating Red Dog mine, held 50/50 with Teck American Incorporated (a Teck Resources subsidiary), with an Indicated resource of 17.6 Mt at 8.07% zinc on a 100% basis (effective 31 December 2021) and a 2014 preliminary economic assessment. Over US$110 million has been spent collectively across Florida Canyon and Lik to date.
Notable vs. Peers
- Financials score of 7.3/10 is stronger than the peer average of 4.1/10.
- Jurisdiction risk score of 5/10 is meaningfully riskier than the peer average of 7.9/10.
- Trading within 2% of its 52-week low — weak recent price momentum.
Lifecycle Milestones
Construction Milestones
1 of 5 reached- Reached — date not disclosed · Source
- Not yet reached
- Not yet reached
- Not yet reached
- Not yet reached
Milestones are recorded only from a company's own dated disclosure. A milestone with no date shown is one we can confirm was reached but for which no date was disclosed — we don't estimate one. "Not yet reached" means exactly that, not that a date is missing. An "Expected" line likewise only ever reflects the company's own guidance (e.g. a study or permit decision targeted for a stated quarter) — most not-yet-reached milestones have none, and that absence means no such guidance has been disclosed, not that one is overdue.
Not in place: mill, tailings facility. Not yet determined: grid power.
Not in place: mill, tailings facility, road access, grid power.
Combined view across 2 projects. Figures below are only combined where the underlying basis genuinely matches -- see the notes under each.
- 24.7%Florida Canyon Zinc-Lead-Silver Project (joint venture with Nexa Resources), Amazonas Department, Peru
- 9.7%Lik Zinc-Lead-Silver Project (joint venture with Teck), Northwest Arctic Borough, Alaska, USA
- 12.5 yrsFlorida Canyon Zinc-Lead-Silver Project (joint venture with Nexa Resources), Amazonas Department, Peru
- 9 yrsLik Zinc-Lead-Silver Project (joint venture with Teck), Northwest Arctic Borough, Alaska, USA
Jurisdiction (40%)5/10
Florida Canyon, the project that sets the company's stage, is in Amazonas Department, Peru, an established mining jurisdiction with periodic political and permitting friction. Its Golden Crest (South Dakota) and Lik (Alaska) projects are in lower-risk US jurisdictions.
Infrastructure (40%)4.3/10
No confirmed mill, confirmed road access, and no confirmed tailings facility at Florida Canyon Zinc-Lead-Silver Project (joint venture with Nexa Resources), Amazonas Department, Peru; grid power not yet researched, counted at a neutral 5/10 until established.
Nearby producing mine (20%)Not yet researched
No project coordinates on file yet, so distance to a producing mine can't be measured.
Acquisition Susceptibility
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal in the research, a producer that already owns part of the company, is scored from its disclosed strategic shareholders. A producer that is a joint-venture or earn-in partner on the project, rather than a shareholder, isn't captured yet.
How this score is built
- Disclosed pending dealSub-score: Not scored
No pending acquisition or merger disclosed (checked)
Not scored: having no deal in flight isn't held against a company.
Weight 26.25% - Producer's strategic stakeSub-score: Not scored
No producer holds a disclosed stake on file (holder register researched) See holders
Not scored: most juniors that do get bought had no prior toehold, so a missing stake says little either way.
Weight 25% - Distance to a producing mineSub-score: Not yet researched
Distance not yet researched: no project coordinates on file
Distance can't be measured without coordinates, so excluded rather than counted as far.
Weight 22.5% - Lifecycle stageSub-score:6/10
Stage: Preliminary Economic Assessment
Feasibility and permitting score 10, where deals cluster, and production 5.5; earlier stages score less, down to 1 at grassroots.
Weight 15% · 57% here - JurisdictionSub-score:5/10
Peru: jurisdiction score 5/10
Our jurisdiction score, used as is: higher means lower political and permitting risk.
Weight 6.75% · 26% here - CommoditySub-score:2/10
Primary commodity: Zinc
Gold 10, copper 8, silver 5, nickel and uranium 4, others 2: most majors' deals are for gold.
Weight 4.5% · 17% here
Weight is each input's share of the full score. “Here” is its share of this company's score: inputs that aren't scored are left out and the rest re-weighted, never counted as zero.
Your Rankings
Management Team
Chairman of Viva Gold Corp.; also Chief Executive Officer & Director of Solitario Resources Corp and a director of Adamera Minerals Corp. Currently also President, CEO and Director of Solitario Zinc Corp.
CFO and Secretary/Treasurer of Solitario Resources Corp. since June 1999. Previously CFO and Secretary/Treasurer at Crown Resources (1999-2006); former VP Finance and Secretary/Treasurer, Consolidated Nevada Gold Fields (1994-1997). B.A. Accounting (honors), University of Notre Dame, 1977; M.A. Finance (highest honors), University of Denver, 1986.
Chairman of the Board of Solitario Resources Corp. Founder, Chairman, CEO and Director of Zazu Metals (acquired by Solitario, June 2017). 30+ years in mineral resources spanning executive roles, investment banking and fund management. Former VP Corporate Development at Ivanhoe Mines (2001-2002); energy/mining specialist at BNP Paribas (2000-2001). B.A. Geology and Geography, Columbia University; M.A. Energy and Mineral Resources, University of Texas at Austin.
Director of Solitario Resources Corp. Engineer and mineral economist with diverse mining industry experience in project management, engineering and corporate development. Former Senior Metals Strategist at Goldman Sachs (Global Economics, Commodities and Strategies, London). Previous roles at Lundin group companies; currently director of Astur Gold.
Director of Solitario Resources Corp. Over 30 years in financial management and accounting. Former CFO of Fortitude Gold (2021-2024) and Gold Resource Corporation (2015-2021); previously Senior VP and CFO of Golden Star Resources Ltd. (2008-2012, NYSE MKT/TSX-listed). B.A. Accounting, San Diego State University.
Director of Solitario Resources Corp. Worked at Solitario for 30+ years; retired in 2018 as Vice-President of Investor Relations. Board member of Yoakum National Bank (Texas). B.S. Magna Cum Laude, Texas A&M University.
President, Chief Executive Officer and Director of Viva Gold Corp. (appointed May 2017) and a Director of Solitario Resources Corp. 40-year mining industry veteran who has led the development and construction of eight mines globally, including over 12 years in public-company CEO roles. Former President, CEO and Director of Atna Resources Ltd. (TSX-listed) and previously President, CEO and Director of Canyon Resources Corporation (2005-2008); former Principal Mining Engineer and Vice President at NM Rothschild & Sons (2000-2004). B.S. Mine Engineering and M.S. Mineral Economics, both Colorado School of Mines.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
No smart-money tracking (institutional/large-investor activity) for this miner yet — this is a planned feature, not live data.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Solitario Resources, formerly Solitario Zinc and listed on the TSX and NYSE American, holds non-operating joint-venture interests in two zinc projects and a 100%-owned gold exploration project. Its main asset is a 39% interest in the Florida Canyon zinc-lead-silver project in Peru's Amazonas Department, operated by Nexa Resources with 61%, where measured and indicated resources are 3,256 kt at 12.2% zinc, 1.53% lead and 18.51 g/t silver on a 100% basis. A 2017 preliminary economic assessment on Florida Canyon considered a 2,500 t/d underground mine, and no updated study has been completed since. Solitario also holds 50% of the Lik zinc deposit in northwestern Alaska with Teck, 14 miles northwest of Teck's Red Dog mine, where indicated resources are 17.6 Mt at 8.07% zinc on a 100% basis (estimate effective 31 December 2021), and a preliminary economic assessment was completed in 2014. At the 100%-owned Golden Crest project in South Dakota's Black Hills, a 10-hole, 2,949 m program at the Ponderosa target in 2026 intersected only low-level gold of 0.02 to 0.40 g/t, with no high-grade feeder zone.