Durango

High Risk

Mexico · State · Last assessed Apr 2026

Composite Score 11/25

Higher = lower risk. 22–25 LOW · 18–21 MODERATE · 13–17 ELEVATED · 8–12 HIGH · 5–7 EXTREME.

Permitting Timeline & Predictability

2/5

Federal regime applies; remote Sierra Madre projects face elevated friction.

Fiscal Regime Stability

2/5

Federal royalty regime.

Political & Security Risk

2/5

Mixed; Morena state government with mining-skeptic tilt.

Infrastructure & Power

3/5

Adequate around Durango City and silver belt; Sierra Madre districts remote.

Indigenous, Community & ESG

2/5

Tepehuán and other indigenous consultation; cartel presence in rural Sierra Madre districts.

Assessment Summary

Durango is a meaningful silver and gold producer, with operations along the Sierra Madre Occidental (San Dimas, Topia, La Cienega cluster). Infrastructure is reasonable in the lowlands but the high-grade silver districts in the Sierra are remote, indigenous-titled, and have elevated cartel-related security exposure.

The Sierra Madre districts have produced for over a century but the operating environment has tightened on multiple dimensions over the past decade — worse roads, more security spend, slower permitting, and higher community-relations costs.

Other Mexico Jurisdictions

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Guerrero High Risk
Oaxaca High Risk
San Luis Potosí Elevated Risk
Sinaloa High Risk
Sonora Elevated Risk
Zacatecas Elevated Risk

Jurisdiction risk is one input — geology, capital structure, and management still matter. See the Verdict Framework for full company scorecards.