Tailings ponds are places for storing industrial waste. Once the tailings pond collapses, the villages nearby will be destroyed and the harmful chemicals will cause serious environmental pollution. There is an urgent need for a reliable forecast model, which could investigate the variation trend of stability coefficient of tailing dam and issue early warnings. In order to fill the gap, this work presents an hybrid network - Wavelet-based Long-Short-Term Memory (LSTM) and Convolutional Neural Network (CNN), namely Wavelet-CNN-LSTM netwrok for predicting the tailings pond risk. Firstly, we construct the especial nonlinear data processing method to impute the missing value with the numerical inversion (NI) method, which combines correlation analysis, sensitivity analysis, and Random Forest (RF) algorithms. Secondly, a new forecasting model was proposed to monitor the saturation line, which is the lifeline of the tailings pond and can directly reflect the stability of the tailings pond. After using the discrete wavelet transform (DWT) to decompose the original saturation line data into 4-layer wavelets and de-noise the data, the CNN was used to identify and learn the spatial structures in the time series, followed by LSTM cells for detecting the long-short-term dependence. Finally, different experiments were conducted to evaluate the effectiveness of our model by comparing it with other state-of-the-art algorithms. The results show that Wavelet-CNN-LSTM achieves the best score both in mean absolute percentage error (MAPE), root-mean-square error (RMSE) and R 2 .