Detection and extraction of mining-induced ground deformation can be used to understand the deformation process and space distribution and to estimate the deformation laws and trends. This study focuses on the application of ground deformation detection and extraction combined with digital surface model (DSM), derived from China’s ZiYuan-3 (ZY-3) satellite stereo imagery and the advanced spaceborne thermal emission and reflection radiometer global digital elevation model (ASTER GDEM) data. A district covering 200 km2
around the west open-pit mine in Fushun of Liaoning Province, a city located in Northeast China, is chosen as the study area. Regional overall deformation, typical region deformation, and topographical profile deformation are extracted to analyze the distribution and the link between the regional ground deformations. The results show that the mean elevation has already increased by 3.12 m from 2010 to 2015; 71.18% of this area is deformed, and 22.72% of this area has an elevation variation of more than 10 m. Four districts of rising elevation and three districts of descending elevation are extracted. They are deformed with distinct elevation and volume changes. The total area with distinct rising elevation (>15 m) is about 8.44 km2
, and the change in volume is 2.47 × 108
. However, the total area with distinct descending elevation (<−10 m) is about 6.12 km2
, and the change in volume is 2.01 × 108
. Moreover, the deformation in the local mining area has expanded to the surrounding areas. Experiments in the mining area demonstrate that ground deformation, especially acute deformation such as large fractures or landslides, can be monitored using DSMs derived from ZY-3 satellite stereo images.