Mining fraud is rare today, but there are still a few bad apples who pop up from time to time to steal people’s money.  Don’t let yourself become one of their victims.

Following are some common warning signs of mining fraud:

• The company has a secret or proprietary process to extract gold, silver, or platinum from rock that conventional tests cannot detect.
• Instead of selling shares of stock, the company is offering to sell the ore itself, and extract the metal from your ore for a fee. This is known as a “dirt-pile scam.” By not selling shares, the promoters are avoiding regulatory oversight, making it much easier to take your money.
• If there is any pressure buy right away, forget it.

There are plenty of honest and well-run mining companies to invest in. If you have any doubt about the honesty of a mining or any other type of company, do not give them your money!

Below are links to other websites about mining fraud.

• Nevada Commission on Mineral Resources
• Arizona Department of Mines

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