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Mercury is gaining prominence as a proxy for large igneous province (LIP) volcanism in the sedimentary record. Despite temporal overlap between some mass extinctions and LIPs, the precise timing of magmatism relative to major ecological and environmental change is difficult to untangle, especially in marine settings. Changes in the relative contents of Hg in sedimentary rocks through time, or ‘Hg anomalies’, can help resolve the timing of LIP activity and marine extinctions. However, major questions remain unanswered about the fidelity of Hg as a proxy for LIP magmatism. In particular, depositional (e.g., redox) and post-depositional (e.g., oxidative weathering) processes can affect Hg preservation in marine sediments. These factors pose challenges for confidently using Hg as a fingerprint of volcanism. Here, we use the Hg anomaly at the Triassic–Jurassic boundary to explore the opportunities and challenges …