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Pan Mine

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Pan Mine

Location: 74 km W from Ely, Nevada, United States

Address:

55 York Street, Suite 402
Toronto
Ontario, Canada
M5J 1R7

Contacts:

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Summary

Mine TypeOpen Pit
StatusActive
Commodities
  • Gold
Mining Method
  • Truck & Shovel / Loader
Production Start... Lock
Mine Life... Lock
SnapshotThe Pan Mine is a fully operational mine. The existing infrastructure includes leach pads, single-stage ore crushing system and mineral processing facilities.

Pan has three main mineralized zones: North, Central, and South. Ore is mined from both North and South Pan pits and trucked to the crushing facility.

A recent leach pad expansion added four years of stacking capacity, enabling the seamless processing of future deposits.
Latest NewsMinera Alamos Completes Acquisition of Pan Gold Mining Complex     October 1, 2025

Owners

SourceSource
CompanyInterestOwnership
Minera Alamos Inc. 100 % Indirect
On October 1, 2025, Minera Alamos Inc. announced the completion of the previously announced acquisition of Equinox Gold Corp.'s Pan Gold Mine, Gold Rock Project, and Illipah Project, together, the "Nevada Assets".

As consideration for the Transaction, Minera Alamos has paid a wholly-owned subsidiary of Equinox Gold $88,372,424 in cash, subject to a customary post-closing working capital adjustment, and has issued to it 96,802,816 common shares in the capital of Minera Alamos (each, a "Common Share"). Post-Transaction, Equinox Gold will own a 9.15% of the issued and outstanding Common Shares.

Contractors

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SourceSource

Deposit type

  • Breccia pipe / Stockwork
  • Carlin-type
  • Epithermal

Summary:

Local and Property Geology
Geology in the Project area is dominated by Middle to Late Paleozoic stratigraphy overlain by minor Tertiary-aged volcanic units. Quaternary-aged detrital deposits are limited to drainage channels. Consequently, there is good bedrock exposure in most of the Project area.

Significant Mineralized Zones
Pan has three main mineralized zones; North, Central, and South. Gold mineralization spatially follows the Devils Gate Limestone – Pilot Shale contact in all three and is also controlled by steeply-dipping faults that trend north-south and secondarily by west-northwest (WNW) open fold axes. North Pan is dominated by: 1) near-vertical pipes and bodies of silicified solution breccia localized at the Pilot Shale–Devils Gate Limestone contact adjacent to the BFZ, and 2) stratiform-like modestly dipping breccia bodies and zones west of the BFZ focused near the locally folded Pilot Shale–Devils Gate contact. Central and South Pan have more argillic alteration than silicic. Mineralization in Central Pan is at the Pilot–Devils Gate contact and secondarily controlled by WNW trending open folds, and likely other subtle structures which have not been clearly identified. These open folds were not recognized from exploration drilling, and have only become apparent after exposure in the pit walls. Their significance in controlling mineralization is also subtle but has been confirmed by examination of blast hole assays. South Pan mineralization occurs in two zones: 1) a wide, clay-altered, near-vertical solution breccia zone along the west side of the BFZ, and 2) a stratigraphically-controlled zone east of the Branham Fault along the Pilot–Devils Gate contact. This zone dips northeast at about 55°.

The newly identified stratiform mineralization in the Banshee area, west of North Pan, is currently interpreted to represent the opposite limb ‘mirror image’ of the South Pan stratigraphically- controlled zone.

Mineral Deposit
The Pan gold deposits are Carlin-style, which are epithermal in origin, comprised of disseminated gold hosted in sedimentary rock units. Gold particles occur as micron to submicron size disseminations. Visible or coarse gold is not common in this type of deposit, and has not been observed at Pan. Controls on mineralization in Carlin-style systems and at the Pan Project include both structure and stratigraphy.

Geological Model
Gold mineralization is generally distributed along high-angle faults, and in a more tabular fashion subparallel to stratigraphy. Solution breccias developed in association with faults at the Pan Project serve as the primary host for gold mineralization, and have internal anisotropy that follows relic bedding orientation. Additional mineralization is hosted in favorable stratigraphy, such as the lower Pilot Shale and the upper siltier portions of the Devils Gate Limestone. More subtle mineralization controls occur as the axial traces of open folds, both anticlines and synclines trending obliquely (most commonly WNW) to the BFZ.

Reserves

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Mining Methods

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Heavy Mobile Equipment

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Comminution

Crushers and Mills

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Processing

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Commodity Production

CommodityUnits202520242023202220212020201920182017
Gold oz  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe41,491 34,297 10,064 
All production numbers are expressed as metal in doré. ^ Guidance / Forecast.

Operational metrics

Metrics20242023202220212020201920182017
Ore tonnes mined  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe5,081,729 tons5,193,397 tons2,283,960 tons
Waste  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe8,964,960 tons6,293,144 tons1,680,159 tons
Total tonnes mined  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe14,046,689 tons11,486,541 tons3,964,119 tons
Tonnes processed  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
Daily ore mining rate  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe13,923 tons14,228 tons
Stripping ratio  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe1.8 1.2 0.74
Daily mining rate  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe31,470 tons

Production Costs

CommodityUnits20252024202320222020201920182017
Total cash costs (sold) Gold USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 899 / oz **   820 / oz **   808 / oz **  
All-in sustaining costs (sold) Gold USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 961 / oz **   1,063 / oz **  
^ Guidance / Forecast.
** Net of By-Product.

Mine Financials

Units2024202320222020201920182017
Sustaining costs M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 0.6   6.7  
Capital expenditures M USD 5.4   6.7  
Revenue M USD  ....  Subscribe 53.7   44.4   10.7  
Operating Income M USD  ....  Subscribe 11.9   11.9  
Operating Cash Flow M USD  ....  Subscribe 10.1   10.4  

Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Mar 28, 2025

Workforce

EmployeesContractorsTotal WorkforceYear
...... Subscription required 2024
...... Subscription required ...... Subscription required 2023
...... Subscription required 2022
...... Subscription required 2021
...... Subscription required ...... Subscription required 2020
...... Subscription required 2019
...... Subscription required 2018

Aerial view:

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