Sprott ESG Mining Risk Heat Map 2023
Not Ranked
Minimal Risk
Opportunity: Good/Strong
Low Risk
Opportunity: Acceptable
Moderate Risk
Opportunity: Acceptable
High Risk
Opportunity: Difficult, Situation Dependent
Extreme Risk
Opportunity:
Too Difficult
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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Numeric Country Rankings
| Country | Avg. Ranking |
| Minimal Risk | |
| Australia | 1.0 |
| Canada | 1.0 |
| Finland | 1.0 |
| Sweden | 1.3 |
| United States | 1.1 |
| Low Risk | |
| Botswana | 2.3 |
| Brazil | 2.2 |
| Chile | 2.4 |
| Cote d’voire / Ivory Coast | 2.4 |
| Ireland | 2.1 |
| Namibia | 1.9 |
| Spain | 2.3 |
| United Kingdom (includes N Ireland) | 2.1 |
| Moderate Risk | |
| Argentina | 3.4 |
| Bulgaria | 3.0 |
| Cambodia | 3.4 |
| Colombia | 3.3 |
| Dominican Republic | 3.2 |
| Ecuador | 2.9 |
| Fiji | 3.0 |
| Ghana | 2.9 |
| Greenland (Denmark) | 2.7 |
| Guyana | 3.1 |
| Japan | 2.6 |
| Mali | 3.4 |
| Mexico | 2.6 |
| Panama | 3.4 |
| Peru | 2.8 |
| Portugal | 2.8 |
| Senegal | 2.9 |
| South Africa | 3.4 |
| Suriname | 3.3 |
| Turkey | 2.9 |
| High Risk | |
| Armenia | 4.3 |
| Bolivia | 4.0 |
| Bosnia | 3.6 |
| Burkina Faso | 3.9 |
| DR Congo | 3.9 |
| Egypt | 3.6 |
| French Guiana | 4.2 |
| Gabon | 4.2 |
| Greece | 4.1 |
| Guatemala | 4.2 |
| Guinea | 3.8 |
| Indonesia | 4.3 |
| Kazakhstan | 4.4 |
| Kenya | 3.9 |
| Laos | 4.2 |
| Mauritania | 4.1 |
| Mongolia | 4.2 |
| Morocco | 3.7 |
| Nicaragua | 4.0 |
| Papua New Guinea | 4.0 |
| Philippines | 3.7 |
| Romania | 4.3 |
| Saudi Arabia | 4.4 |
| Serbia | 3.8 |
| Tanzania | 4.1 |
| Thailand | 4.1 |
| Vietnam | 3.9 |
| Zambia | 3.8 |
| Zimbabwe | 4.4 |
| Extreme Risk | |
| China | 4.7 |
| Eritrea | 4.7 |
| Ethiopia | 4.9 |
| Iran | 5.0 |
| Kyrgyzstan | 4.9 |
| Liberia | 4.8 |
| Zimbabwe | 4.7 |
| Nigeria | 5.0 |
| Russian Federation | 4.8 |
| Sudan | 4.9 |
| Uzbekistan | 4.8 |
| 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.