The Pan Mine is a Carlin-style, open-pit, heap-leach mine in east-central Nevada, approximately 28 km southeast of the town of Eureka, on the prolific Battle-Mountain – Eureka gold trend.
Pan ramped up smoothly after restarting operations in September 2017. Gold production has increased year over year since 2017 with 2021 gold production reaching 45, 397 ounces benefitting from the recent heap leach pad expansion and primary crushing circuit installed in 2020.
In June 2020, the Pan Resources and Reserves were updated. The updated 2020 Proven and Probable reserves and Measured and Indicated resources are 290,500 ounces and 427,400 ounces, respectively. Previous operators spent approximately $1.5 million over the past four years on exploration, this presents a significant opportunity for Calibre to ramp up generative and regional exploration but also follow up on numerous targets surrounding the North and South pits that have limited drilling.