Miner intelligence

Miner Jurisdiction Risk

Understand where mining companies operate and the political, regulatory, security, and sovereign risks surrounding their assets.

Jurisdiction risk describes where a miner's operations and reserves are exposed. It is separate from Grey Rabbit's valuation methodology and does not automatically imply a valuation adjustment.

Structural jurisdiction risk — longer-term country classification from reviewed evidence.

Current event pressure — near-term monitored developments. Headlines do not automatically rewrite structural ratings.

Methodology →·Run Valuation →·Compare Miners·Mining 50

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Company

Map filters

Interactive world map

Country fill = structural risk · Outline = current event pressure · Dot = mine / asset

Elevated+ prod: 23%High/Severe prod: 9%Countries: 11

On smaller screens, use the exposure summary and country list first. The map remains available for exploration.

Country fill · Structural risk

LowModerateElevatedHighSevereUnknown

Outline · Current pressure

WatchElevatedCritical

Marker · Asset stage

ProducingDevelopmentCare & maintenance

Markers use disclosed coordinates. Overlaps are offset slightly — not dropped.

Country list

Structural risk reviewed: 2026-08-10Monitoring updated: Unavailable

Jurisdiction table

Same filtered portfolio as the map — structural risk, current pressure, assets, ownership/stage.

Jurisdiction	Structural risk	Current pressure	Assets	Ownership / stage
Argentina	Elevated	NORMAL	Veladero	Veladero 50% producing
Chile	Moderate	NORMAL	Zaldívar, Norte Abierto	Zaldívar 50% producing · Norte Abierto 50% development
Democratic Republic of the Congo	High	NORMAL	Kibali	Kibali 45% producing
Dominican Republic	Moderate	NORMAL	Pueblo Viejo	Pueblo Viejo 60% producing
Mali	High	NORMAL	Loulo-Gounkoto, Loulo, Gounkoto	Loulo-Gounkoto, Loulo, Gounkoto 80% producing
Pakistan	High	NORMAL	Reko Diq	Reko Diq 50% development · dev slowed / under review
Papua New Guinea	High	NORMAL	Porgera	Porgera 24.5% producing
Saudi Arabia	Moderate	NORMAL	Jabal Sayid	Jabal Sayid 50% producing
Tanzania	Elevated	NORMAL	North Mara, Bulyanhulu	North Mara, Bulyanhulu 84% producing
United States	Low	NORMAL	Nevada Gold Mines, Carlin Complex, Cortez, Turquoise Ridge, Phoenix, Fourmile	Nevada Gold Mines, Carlin Complex, Cortez, Turquoise Ridge, Phoenix 61.5% producing · Fourmile 100% development · NGM contribution pending
Zambia	Elevated	NORMAL	Lumwana	Lumwana 100% producing

Selected miner exposure

Barrick Mining Corporation (GOLD)

Barrick Mining Corporation has meaningful exposure to both lower-risk jurisdictions and higher-risk jurisdictions including Democratic Republic of the Congo and Papua New Guinea and Mali.

Countries of operation

Producing assets

Development assets

Company jurisdiction score

73 / 100 · Low risk · weighted by PRODUCTION

Weighted from numeric scores only

Production exposure by jurisdiction

Based on attributable gold production for 12 of 20 assets in this dataset (not necessarily 100% of company-reported production)

Reserve exposure by jurisdiction

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Asset coverage: 12/20 with attributable production · 7/20 with attributable reserves · Last source date: 2026-08-10

Jurisdiction breakdown

Select a country on the map or exposure list to inspect risk dimensions and sources.

Mine / project details

Select a mine marker to view ownership, commodities, and provenance.

Current risk developments

Monitored factual events with source tier + corroboration — not AI headline sentiment. Structural ratings do not change automatically from these cards.

MLHighactive

Mali mining code / royalty framework revisions

Mali has revised mining-code and fiscal terms affecting industrial gold producers, elevating royalty and contract-renegotiation risk for operating mines including Loulo-Gounkoto.

Published: 2024-01-15 · Affected: GOLD

MLSevereactive

Sahel security environment remains severe

Ongoing armed conflict and security deterioration across the Sahel continue to elevate operational and personnel risk for mines in Mali.

Published: 2025-11-01 · Affected: GOLD

PGHighmonitoring

Porgera ownership / restart framework

Porgera restarted mining/processing in early 2024 under a 24.5% Barrick / 23.5% economic-benefit framework. Ownership restructuring remains a structural PNG resource-nationalism illustration — not a care-and-maintenance status.

Published: 2025-02-12 · Affected: GOLD

ARElevatedmonitoring

Argentina FX / capital-control history

Argentina’s history of FX restrictions and capital controls elevates fiscal repatriation risk for mining cash flows, even when mines operate normally.

Published: 2025-06-01 · Affected: GOLD

CDHighactive

DRC mining fiscal pressure

Fiscal and royalty pressure on industrial mining in the DRC remains a recurring theme for operators, contributing to elevated/high jurisdiction classification.

Published: 2025-03-01 · Affected: GOLD

Recent jurisdiction changes

Approved structural rating history only — never invented.

No approved structural risk changes yet.

Methodology & limitations

· Structural risk and current event pressure are separate.
· Events may create review proposals; they never silently rewrite structural ratings.
· Source tiers 1–4; Tier 4 cannot independently publish a structural change.
· Jurisdiction remains informational — no valuation haircut.

Full methodology →