This paper presents the application of risk analysis associated with the multicriteria decision method, through the MAHP (Monte Carlo analytic hierarchy process) technique for mining. As an example of application, the problem of choosing an access and transportation route for an underground mine is addressed. A decision can be made based on a technical, economic, and social-environmental approach. As a topic of interest for the modeling of mining projects, this work presents how the technique can qualify the decision-making process, reducing its subjectivity. It is verified that in comparison with the traditional AHP (analytic hierarchy process) method, the risk analysis allows considering the variability of weights and preferences assigned to criteria and options. In the example case, the following options are evaluated: shaft, ramp by diesel or electric truck, and conveyor belt.