Solitario Resources Corp. Common Stock (XPL)

FairStock Score: 58/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a Buffett-and-Graham-style investor, I see Solitario as an exploration-stage venture, not an operating business. It reports no revenue in any filed period I was given. In fiscal Q2 2026, the quarter ended 2026-06-30, net loss was $1.8 million, or $0.02 per diluted share. FY2025 net loss was $3.8 million, or $0.04 per diluted share; FY2024 net loss was $5.4 million, or $0.07 per diluted share; and FY2023 net loss was $3.8 million, or $0.05 per diluted share. That is a cash-consuming enterprise. The balance sheet shows no debt, with D/E 0.00, and FairStock calculates an Altman Z-Score of 37.43, which suggests low balance-sheet stress on that measure. But FairStock also calculates trailing free cash flow of negative $4.0 million and an FCF yield of -7.5%, while its Piotroski F-Score is 0/9. Those are not signs of business quality. The company has three employees and owns exploration interests, including 100% of Golden Crest and 85% of Chambara, but I see no durable moat, only geological optionality. At the $0.57 close on 2026-10-13, market cap is $54 million. FairStock's P/B is 2.04, P/E is -11.40 (meaningless with losses), ROE is -18.27%, and ROCE is -12.18%. Graham would want a margin of safety in proven earnings or assets; here neither is clear. FairStock's Lynch category is none because of losses in each of the last four years. I would monitor cash burn, dilution, and drill results.

In plain English: Solitario Resources is a very small mining exploration company with only three employees. It looks for gold and base metals but has no revenue and has lost money in each of the last several years. The stock trades at a low dollar price, but because there are no profits and the price is more than twice its accounting net worth, it looks speculative rather than a proven bargain.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K/A (period ended 2025-12-31) · FY2024 10-K/A (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer