A haul truck placing ore on the leach pad at Pan gold mine in Nevada. Credit: Fiore Gold
Minera Alamos (TSXV: MAI) has agreed to buy the Pan gold mine in Nevada from Equinox Gold (TSX: EQX) (NYSE-A: EQX), a move that it says would provide quick and strong cash flow to support the company’s existing development-stage projects.
The Pan gold mine — located along the Battle Mountain–Eureka gold trend, is an open-pit operation centred around a Carlin-style deposit that Equinox acquired through its recent acquisition of Canadian peer Calibre Mining. The mine entered production in 2017 and now produces gold from two pits using a conventional crush and heap-leach process.
Last year, Calibre sold 35,228 oz. of gold produced from the mine at a cash cost of $1,473 per ounce, and had set a guidance targeting 30,000–40,000 oz. at an all-in sustaining cost of $1,600–$1,700 per ounce for 2025.
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