The objectives of this study were to observe and find proof of empiris about good corporate governance explained by institutional ownership, managerial ownership, and independent board of commissioners,and than exploration efficiency, and financial performance explained of liquidity and leverage to condition financial distress in mining company the registered in Indonesia Stock Exchange in year 2012-2016. The subyek of this study is mining company the registered and publis financial report of every year period 2012-2016. This study uses secondary data are taken from the mining companies listed in Indonesian Stock Exchange. 56 companies as sample were taken using purposive sampling from the period 2012-2016. The analytical method for this study uses The Logistic Regression with significance level of 5%. The result of this study shows that the institutional ownership and exploration efficiency have negative impact on firm condition financial distress. However, managerial ownership, independent board of commissioners, liquidity and leverage haven’t significant impact on on firm condition financial distress.