Sprott ESG Mining Risk Heat Map 2022

Mining Risk Heat Map

Not Ranked
Minimal Risk
Opportunity: Good/Strong
Low Risk
Opportunity: Acceptable
Moderate Risk
Opportunity: Acceptable/Need to be Smart
High Risk
Opportunity: Iffy/Difficult, Situation Dependent
Extreme Risk
No Thanks/Too Difficult

Our team has ranked each country in the world from least to most risky.
The following categories were considered:

  • Equity or Debt Investment
  • Political Stability
  • Risk of Terrorism and Violence
  • Ease of Logistics
  • Ease of Personnel Movement
  • Fiscal Stability (Tax, Royalties, etc.)
  • Currency Repatriation/Convertibility
  • Transparency/Corruption
  • Legal System
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Sprott Mining Heatmap

Numeric Country Rankings

Country Avg. Ranking
Minimal Risk
Australia 1.0
Canada 1.0
Finland 1.0
United States 1.1
New Zealand 1.1
Sweden 1.3
Low Risk
Brazil 2.0
Chile 2.0
Namibia 2.0
United Kingdom (includes N Ireland) 2.0
Ireland 2.1
Mexico 2.1
Peru 2.1
Spain 2.1
Botswana 2.4
Moderate Risk
Ghana 2.6
Ecuador 2.7
Portugal 2.7
Turkey 2.7
Bulgaria 2.8
Cote d’voire / Ivory Coast 2.8
Greenland (Denmark) 2.8
Japan 2.8
Senegal 2.8
Colombia 2.9
Fiji 2.9
Mali 3.0
Guyana 3.2
South Africa 3.2
Argentina 3.3
Burkina Faso 3.3
Dominican Republic 3.3
Panama 3.3
Suriname 3.4
High Risk
Bosnia 3.6
Cambodia 3.6
Serbia 3.6
Egypt 3.7
Guinea 3.8
Laos 3.8
Morocco 3.8
Philippines 3.8
Vietnam 3.8
Kenya 3.9
Papua New Guinea 3.9
Zambia 3.9
Mongolia 4.0
Nicaragua 4.0
DR Congo 4.1
Gabon 4.1
Guatemala 4.0
Tanzania 4.0
Greece 4.2
Kazakhstan 4.2
Mauritania 4.2
Armenia 4.3
Bolivia 4.3
French Guiana 4.3
Thailand 4.3
Indonesia 4.4
Saudi Arabia 4.4
Extreme Risk
Russian Federation 4.6
Eritrea 4.6
Mozambique 4.6
Romania 4.6
Zimbabwe 4.6
China 4.7
Uzbekistan 4.7
Kyrgyzstan 4.8
Liberia 4.9
Ethiopia 5.0
Iran 5.0
Nigeria 5.0
Sudan 5.0
Venezuela 5.0

Sprott Contributors: Sprott Gold Team.

This document is intended solely for the use of Sprott Inc. and its affiliates, for use with investors and interested parties. Investments, commentary and statements are unique and may not be reflective of investments and commentary in other strategies managed by Sprott Asset Management USA, Inc., Sprott Asset Management LP, Sprott Inc., or any other Sprott entity or affiliate. Opinions expressed in this document are those of the presenter and may vary widely from opinions of other Sprott affiliated Portfolio Managers or investment professionals.


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