Filmed on location, Treasure of Pancho Villa stars Rory Calhoun as a mercenary at large during Mexico's civil war. Though he'll sell his services to the highest bidder, Calhoun is eventually won over to Pancho Villa's cause by patriot Gilbert Roland and former aristocrat Shelley Winters. Before this happens, however, our hero (who doesn't behave like one) wheels and deals to get his hands on a cache of gold. Without giving away the ending, it can be noted that the film borrows liberally from Treasure of Sierra Madre. While the dialogue passages in Treasure of Pancho Villa can be tiresome, the film is saved by its literally explosive action highlights.
~ Hal Erickson, All Movie Guide