Every CatastroIntel report produces a single composite score — the CIS — derived from primary Peruvian government data cross-referenced against international exchange filings. This page documents the data sources, formula, sub-weightings, and interpretive framework behind that score.
The Compliance Intelligence Score (CIS) is a weighted composite metric developed by CatastroIntel to quantify the regulatory and disclosure compliance posture of Peruvian mining companies. It is calculated as: CIS = (L1 × 0.55) + (L2 × 0.45), where L1 reflects cadastral and environmental health derived from five Peruvian government databases — INGEMMET, OEFA, MINEM, BEM, and REINFO — and L2 reflects technical report compliance quality scored against NI 43-101, JORC, and SK1300 filings across six international exchanges. Scores run from 0 to 100. A score of 75 or above indicates a clean compliance posture; scores below 55 signal material issues requiring further review. The CIS is designed as a structured screening tool for securities counsel, underwriters, royalty companies, and institutional investors conducting due diligence on Peruvian mining assets.
The CIS is not a single data point — it is a structured composite that separates in-country cadastral health from international disclosure compliance, then weights them to reflect the realities of institutional due diligence on Peruvian mining assets.
L1 carries the higher weight because cadastral and environmental status is the ground truth of a Peruvian mining asset — no amount of polished exchange disclosure changes what INGEMMET and OEFA actually show. L2 captures whether the company is meeting its international disclosure obligations, which is where institutional due diligence risk most commonly lives.
L1 aggregates five Peruvian government databases, normalized and linked by concession code and titleholder RUC. Each source contributes a distinct dimension of cadastral risk.
Active, suspended, and extinct classification across 35,000+ concession records. Ownership chain, concession boundaries, and titleholder identity verified against the national cadastral registry.
Violation and sanction history from Peru's environmental enforcement authority (RUIA registry). The environmental sub-score is derived from aggregate fine value in UIT (Unidades Impositivas Tributarias), normalized to a 0–100 risk scale — higher cumulative fines indicate greater enforcement exposure.
Ministry of Energy and Mines cartera project data covering 67 major projects. Permitting stage, EIA approval status, and investment profile contribute to project-level compliance context.
Bureau of Mines production data by company, commodity, and period. Used to cross-reference what operators disclose in technical reports against what Peru's government records show they actually produced.
Peru's registry of formalized small-scale and artisanal mining operators. REINFO captures a population entirely absent from the INGEMMET cadastre — operators at the junior and informal end of the sector who nonetheless carry material compliance relevance for any company operating in the same concession zones or supply chains. CatastroIntel holds 87,334 REINFO records, of which 23,816 are currently VIGENTE (active), spanning 36,013 unique RUCs across all 25 departments.
L2 evaluates the quality and currency of a company's technical report filings across all major international exchanges where Peruvian miners disclose. It is composed of four weighted sub-components.
CatastroIntel assigns each exchange a tier score from 0–100 reflecting the stringency of its technical reporting requirements. This score feeds directly into the Exchange Tier sub-component of L2.
| Exchange | Standard | Rationale | Tier Score |
|---|---|---|---|
| NYSE / TSX / ASX / LSE | NI 43-101JORCSK1300 | Senior exchanges with the most rigorous disclosure frameworks and active regulatory enforcement. QP/CP independence requirements strictly enforced. | 100 |
| TSX-V / AIM | NI 43-101JORC | Junior venture exchanges. Same technical standards as parent exchanges but with lighter oversight and a higher proportion of early-stage issuers where report currency is more variable. | 75 |
| HKEx | JORC | Accepts JORC standard. Increasingly active in mining listings but with disclosure enforcement less mature than TSX or ASX for mineral assets specifically. | 70 |
| BVL (Lima) | Local | Peru's domestic exchange. Disclosure requirements are less standardized relative to international peers. BVL-listed companies are scored against a 60-point ceiling to reflect this structural difference. | 40 |
| Unlisted | — | Companies without any current exchange filing. L2 scoring is substantially limited for unlisted entities; the CIS reflects this through a lower composite ceiling. | 20 |
CIS scores run from 0 to 100. The following bands are used in every CatastroIntel report and in the platform's search interface to give an at-a-glance read on compliance posture.
Every CatastroIntel report includes AI-generated commentary that translates the raw CIS data into the language and analytical frame of your specific role. The underlying score and data are identical — what changes is the interpretive emphasis.
The CIS is a structured screening and prioritization tool, not a substitute for legal opinion, independent technical review, or on-the-ground due diligence. Understanding its limitations is part of using it correctly.
CatastroIntel reports do not constitute legal advice. CIS scores and flag narratives are analytical outputs from structured data — they identify areas requiring legal review, not conclusions about legal liability.
Source data reflects the most recent available government records at time of report generation. INGEMMET, OEFA, and REINFO publish updates on their own schedules. Real-time changes between updates may not be captured.
Companies without international exchange filings produce CIS scores where L2 is partially estimated. This is disclosed in every report. Scores for BVL-listed companies carry a 60-point ceiling on L2 to reflect structural data limitations.
REINFO captures the formalized portion of small-scale and artisanal mining. Truly informal operators — those outside both INGEMMET and REINFO — are by definition not present in any government dataset and cannot be scored.
L2 scoring evaluates the compliance structure of technical reports — section completeness, QP independence, and disclosure currency — not the geological validity of resource estimates, which requires a qualified independent geologist.
Each report reflects conditions at generation time. OEFA sanctions, concession status, and exchange filings can change. CatastroIntel recommends re-running reports at material transaction milestones rather than relying on a single historical output.
Answers to the questions we hear most from securities counsel, underwriters, and institutional investors evaluating CatastroIntel.
The CIS is a 0–100 composite score that measures the regulatory and disclosure compliance posture of a Peruvian mining company. It combines a cadastral and environmental health score (L1, weighted 55%) derived from five Peruvian government databases with a technical report compliance score (L2, weighted 45%) derived from exchange filings across TSX, NYSE, ASX, LSE, HKEx, and BVL. The formula is: CIS = (L1 × 0.55) + (L2 × 0.45).
L1 measures the in-country compliance status of a Peruvian mining operator using exclusively primary government data. It draws from INGEMMET concession records (ownership, boundaries, active/suspended/extinct status), OEFA environmental violation and fine history (normalized to a 0–100 risk score), MINEM permitting pipeline and EIA status, BEM mineral production statistics, and REINFO's 87,334-record registry of formalized small-scale and artisanal operators. L1 carries the higher weight because cadastral and environmental status is the ground truth that no amount of exchange disclosure can alter.
L2 evaluates the quality, currency, and rigor of a company's filed technical reports — NI 43-101, JORC, and SK1300 — across all major exchanges where Peruvian miners disclose. It is composed of four sub-components: Compliance Quality (40%) covering report completeness and section accuracy; Report Recency (30%) measuring how current the most recent filing is; Exchange Tier (20%) reflecting the disclosure rigor of the listing exchange; and CP/QP Independence (10%) assessing whether the Competent or Qualified Person is demonstrably independent of the issuer.
Because in Peru, the in-country record is dispositive in a way that exchange filings are not. INGEMMET concession status, OEFA fine history, and REINFO operator classification reflect what the Peruvian state actually recognizes — they determine whether a company can legally operate, and they cannot be papered over by a polished NI 43-101 filing. L2 is heavily weighted nonetheless because disclosure compliance is where institutional due diligence risk most commonly surfaces for securities counsel and underwriters specifically.
CatastroIntel ingests updates from INGEMMET, OEFA, MINEM, BEM, and REINFO on a regular refresh cycle. Each data source publishes updates on its own government schedule — INGEMMET and OEFA are updated most frequently. The date of the data underlying each report is disclosed at report generation. Real-time changes that occur between refresh cycles are not captured, which is why we recommend re-running reports at material transaction milestones rather than relying on a single historical output.
OEFA violations are weighted by aggregate fine value in UIT (Unidades Impositivas Tributarias), Peru's official penalty unit. This produces a fine-weighted environmental risk score on a 0–100 scale. Higher cumulative fine values signal greater enforcement exposure and depress the L1 score accordingly. The approach reflects economic materiality: a single large fine is treated as more significant than multiple trivial infractions. CatastroIntel does not use OEFA's own severity classifications (leve / grave / muy grave) directly, as fine value is a more consistent cross-operator comparator.
REINFO (Registro Integral de Formalización Minera) is Peru's national registry of formalized small-scale and artisanal mining operators. CatastroIntel holds 87,334 REINFO records covering 36,013 unique RUCs across all 25 departments, of which 23,816 are currently VIGENTE (active). REINFO captures a population entirely absent from the INGEMMET cadastre — operators who frequently share concession zones with listed companies and carry material community relations and supply chain compliance relevance, particularly under ILO 169 and ESG frameworks.
Peru's domestic Bolsa de Valores de Lima imposes less standardized technical disclosure requirements than international senior exchanges. Because L2 scoring depends on the rigor of filed technical reports, companies that file exclusively on BVL cannot achieve the same L2 scores as companies listed on TSX, NYSE, ASX, or LSE. CatastroIntel applies a structural 60-point ceiling to the L2 score for BVL-only filers and discloses this in every affected report. It is a data limitation, not a judgment about the underlying asset.
No. The CIS is a structured screening and prioritization tool derived from public government data and regulatory filings. CatastroIntel reports do not constitute legal advice, a legal opinion on title or liability, or an investment recommendation. They identify areas requiring further review by qualified professionals — legal counsel, independent geologists, or financial advisors — and are designed to accelerate and focus that work, not replace it.