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XPL Solitario Zinc

Solitario Zinc Corp. is a mineral exploration company, which focuses on the acquisition of precious and base metal properties with exploration potential, and the purchase of royalty interests. Its projects include Florida Canyon in Peru, Lik Zinc in Alaska, and La Promesa in Peru. The company was founded on November 15, 1984 and is headquartered in Wheat Ridge, CO.

Company profile

Ticker
XPL
Exchange
CEO
Christopher Engle Herald
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
SOLITARIO EXPLORATION & ROYALTY CORP., SOLITARIO RESOURCES CORP
SEC CIK
IRS number
841285791

XPL stock data

(
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Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

6 May 21
2 Aug 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 1.4M 1.4M 1.4M 1.4M 1.4M 1.4M
Cash burn (monthly) (positive/no burn) (positive/no burn) 180.33K 138.33K 127.33K 96.17K
Cash used (since last report) n/a n/a 738.95K 566.85K 521.77K 394.06K
Cash remaining n/a n/a 665.05K 837.15K 882.23K 1.01M
Runway (months of cash) n/a n/a 3.7 6.1 6.9 10.5

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
14 Apr 21 Hesketh James KB Common Shares Other Aquire J No No 0.2 25,000 5K 30,000
14 Apr 21 Hesketh James KB Option Solitario Zinc Corp Option exercise Dispose M No No 0.2 25,000 5K 465,000
14 Apr 21 Hesketh James KB Common Shares Buy Aquire P No No 0.31 25,000 7.75K 440,000
14 Apr 21 Hesketh James KB Option Solitario Zinc Corp Option exercise Dispose M No No 0.31 25,000 7.75K 440,000
2 Apr 20 Herald Christopher E Stock Option Common Stock Grant Aquire A No No 0.2 225,000 45K 1,125,000
2 Apr 20 Gil Atzmon Stock Option Common Stock Grant Aquire A No No 0.2 125,000 25K 450,000
2 Apr 20 Hunt Walter H Stock Option Common Stock Grant Aquire A No No 0.2 200,000 40K 870,000

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

6.9% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 32 24 +33.3%
Opened positions 11 7 +57.1%
Closed positions 3 3
Increased positions 5 5
Reduced positions 5 0 NEW
13F shares
Current Prev Q Change
Total value 3.37M 7.64M -55.9%
Total shares 4.05M 2.92M +38.6%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Renaissance Technologies 1.16M $965K -5.2%
Vanguard 1.1M $916K +147.5%
Geode Capital Management 311.98K $259K +310.8%
Bridgeway Capital Management 245K $204K 0.0%
Citadel Advisors 214.71K $178K NEW
Fruth Investment Management 193K $160K 0.0%
Banque Pictet & Cie 100K $83K 0.0%
RF Regions Financial 88.26K $73K 0.0%
ATAC Neuberger Berman 87.06K $72K -25.6%
NTRS Northern Trust 86.68K $72K +51.5%
Largest transactions
Shares Bought/sold Change
Vanguard 1.1M +656.5K +147.5%
Geode Capital Management 311.98K +236.04K +310.8%
Citadel Advisors 214.71K +214.71K NEW
Marshall Wace 75.75K +75.75K NEW
Renaissance Technologies 1.16M -63.74K -5.2%
Two Sigma Advisers 0 -49.5K EXIT
VIRT Virtu Financial 74.34K -40.8K -35.4%
Jane Street 35.08K +35.08K NEW
Cambridge Investment Research Advisors 30.77K +30.77K NEW
Susquehanna International 30.35K +30.35K NEW

Financial report summary

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Risks
  • Our mineral exploration activities involve a high degree of risk, and a significant portion of our business model envisions the sale or joint venture of mineral properties. If we are unable to sell or joint venture these properties, the money spent on acquisition and exploration of our mineral properties may never be recovered and we could incur an impairment of our investments in our projects.
  • The outbreak of pandemics, including the coronavirus (COVID-19) may affect our assets and development plans.
  • We have no reported proven and probable mineral reserves, and our current projects and any projects we may acquire are not likely to offer the opportunity for near term revenues or sale proceeds. If we are unsuccessful in identifying mineral reserves in the future, we may not be able to realize any profit from our property interests.
  • Mineral exploration activities are inherently dangerous and could cause us to incur significant unexpected costs, including legal liability for loss of life, damage to property and environmental damage, any of which could materially adversely affect our financial position or results of operations.
  • We have a history of losses and if we do not operate profitably in the future it could have a material adverse effect on our financial position or results of operations and the trading price of our common stock would likely decline.
  • Our operations outside of the United States of America may be adversely affected by factors outside of our control, such as changing political, local and economic conditions, any of which could materially adversely affect our financial position or results of operations.
  • We may not have sufficient funding for exploration and development, which may impair our results of operations and growth potential.
  • A large number of companies are engaged in the exploration and development or sale of mineral properties, many of which have substantially greater technical and financial resources than us and, accordingly, we may be unable to compete effectively which could have a material adverse effect on our financial position, prospects, or results of operations.
  • The title to our mineral properties may be defective or challenged which could have a material adverse effect on our financial position or results of operations.
  • Occurrence of events for which we are not insured may materially adversely affect our business.
  • Severe weather or violent storms could materially affect our operations due to damage or delays caused by such weather.
  • Our business is dependent on the market price of certain commodities, particularly zinc, and currency exchange rates over which we have no control.
  • Our business is dependent on key executives and the loss of any of our key executives could adversely affect our business, future operations and financial condition.
  • Our business model relies significantly on other companies to joint venture our projects and we anticipate continuing this practice in the future. Therefore, our results are subject to the additional risks associated with the financial condition, operational expertise and corporate priorities of our joint venture partners.
  • We may look to joint venture with another mining company in the future to develop and/or operate our current or future projects; therefore, in the future, our results may become subject to additional risks associated with development and production of our foreign mining projects.
  • In the future, we may attempt to acquire a new property, or another company and the acquisition may require a substantial amount of capital or the issuance of our capital stock to complete. Acquisition costs may never be recovered due to changing market conditions, or our own miscalculation concerning the recoverability of our acquisition investment. Such an occurrence could adversely affect our business, future operations and financial condition.
  • We are dependent upon information technology systems, which are subject to disruption, damage, failure and risks associated with implementation and integration.
  • Failure to comply with the FCPA could subject us to penalties and other adverse consequences.
  • The market for shares of our common stock has limited liquidity and the market price of our common stock has fluctuated and may decline.
  • Our operations could be negatively affected by existing laws as well as potential changes in laws and regulatory requirements to which we are subject, including regulation of mineral exploration and ownership, environmental regulations and taxation.
  • We have never paid and do not intend to pay cash dividends and, consequently, the ability to achieve a return on any investment in our common stock will depend on appreciation in the price of our common stock.
  • Issuances of our stock in the future could dilute existing shareholders and adversely affect the market price of our common stock.
  • A significant portion of our liquid assets consist of U.S. Treasuries and cash held in brokerage and foreign bank accounts. The failure of the financial institutions that issued or hold these financial instruments or our cash could have a material adverse impact on the market price of our common stock and our liquidity and capital resources.
  • We are dependent upon information technology systems, which are subject to disruption, damage, failure and risks associated with implementation and integration.
Content analysis
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