What's Happening?
Turner Mining Group has mobilized a new fleet of Caterpillar mining equipment to the Pan Mine in Nevada, USA, as part of a multi-year contract with Minera Alamos. The transition involved assembling and
commissioning new equipment while maintaining production rates. Turner Mining will support Minera Alamos in ramping up production, forecasting a 40% increase in mining rates throughout 2026. The Pan Mine is an open-pit, heap leaching operation expected to produce 32,000-38,000 ounces of gold in 2026.
Why It's Important?
The mobilization of a new Caterpillar fleet at the Pan Mine signifies a strategic partnership between Turner Mining and Minera Alamos, aimed at enhancing production capabilities. This collaboration is crucial for meeting increased demand and optimizing mining operations. The investment in new equipment and technology reflects a commitment to efficiency and cost-effectiveness, potentially lowering the mine's cost-per-tonne. The project also underscores Nevada's significance as a key player in the U.S. gold mining industry, contributing to local economic growth and job creation.
What's Next?
Turner Mining's partnership with Minera Alamos extends beyond the Pan Mine, with potential integration of the nearby Gold Rock deposit as early as 2027. The company plans to continue investing in local hiring and community engagement, providing stable jobs and career growth opportunities. As operations scale up, Turner Mining will focus on maintaining safety and production consistency, leveraging its expertise and resources to support Minera Alamos' long-term goals.
