Pan Gold Mine
Producing gold in Nevada
Pan is a Carlin-style, open-pit, heap-leach gold mine located along the Battle Mountain–Eureka gold trend.
Snapshot
Ownership
100%
Location
East-central Nevada, USA
2025 Production1
30,000 – 40,000 oz gold
2025 Costs1
$1,600 – $1,700 per oz AISC
Reserves
247 Koz @ 0.34 g/t gold
M&I Resources2
288 Koz @ 0.36 g/t gold
Mining and processing
Open-pit / heap leach
Gold produced to date
~335,000 oz
1. Guidance issued by Calibre Mining on January 8, 2025.
2. M&I Mineral Resources are inclusive of reserves. See Operations / Reserves & Resources and Cautionary Notes.
Overview
The Pan Mine is located approximately 28 km southeast of Eureka, Nevada, along the highly prospective Battle Mountain–Eureka gold trend. It is a Carlin-style gold deposit mined using conventional open-pit methods with gold recovered through heap leaching.
The Pan Gold deposit was discovered in 1978 and has been in continuous production since 2017. Leach pad expansions were completed in 2023 and 2024, adding additional stacking capacity. This enables the seamless processing of future deposits and supports continued mine life extension through exploration.
With numerous targets around the North and South pits remaining underexplored, Equinox Gold sees significant opportunity to ramp up both generative and near-mine exploration to drive future growth.
Operating Data
| 2024 Actuals | 2023 Actuals | 2022 Actuals | |
|---|---|---|---|
| Gold sold (oz) | 35,228 | 41,399 | 42,117 |
| Cash costs ($/oz) | 1,473 | 1,429 | 1,405 |
| AISC ($/oz) | 1,683 | 1,479 | 1,421 |
| Sustaining capital ($M) | 7 | 1 | .5 |
Operating Mines
An Americas-focused gold producer
Equinox Gold has operating mines in Canada, the USA, Nicaragua and Brazil.
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