From Audio Engineering 101 Textbook:

Mixing tasks (please note, this is not an all-inclusive

list) are as follows:

1. Balance of instruments: Balancing the

volume between the recorded tracks is the
first and most important step performed
during mixing.

2. Compression or limiting: Controlling the

dynamic range helps sounds sit more consistently
in the mix while squashing any sudden
peaks.

3. Panning: Panning helps the user separate

like instruments and open up the complete
3D reference ball.

4. Equalization: Start with subtractive equalization

then boost what is missing.

5. Additional editing: This is the engineer’s

last chance to clean up and consolidate the
recorded tracks.

6. FX: Effects are applied at this stage for

additional depth and texture. They can also
be used to separate or glue instruments
together. + Sending, Returning

7. Automation: Typically the last stage of

mixing. Automation allows the user to program
volume changes and other moves to
later be recalled and performed
automatically.