<PAGE>
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                          ----------------------------

                                 FORM 10-QSB/A

                          ---------------------------

(X)  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES
     EXCHANGE ACT OF 1934 (FEE REQUIRED)
     For the quarterly period ended March 31st, 2000
                               -------------------

( )  TRANSITION REPORT  PERSUANT TO SECTION 13 or 15 (d) OF THE SECURITIES
     EXCHANGE ACT OF 1934 (NO FEE REQUIRED)
     For the transition period from               to

     Commission  File  Number:   1-1767
                                 ---------



                         GOLD CHAIN MINING COMPANY, INC.
                         ------------------------------
               (Exact name of Registrant as specified in charter)

          UTAH                                          87-0267213
(State or other jurisdiction of incorporation)    (I.R.S.  EMPLOYER  ID  NO.)

44 West Broadway, Suite 704-S, Salt Lake City, UT                  84101
(ADDRESS  OF  PRINCIPAL  EXECUTIVE  OFFICES)                      (ZIP  CODE)

                                 (801) 355-6044
                         (REGISTRANT'S TELEPHONE NUMBER)



     Indicate  by check  mark  whether  the  Issuer  (1) has filed  all  reports
required  to be filed by  section  13 or 15(d) of the  Exchange  Act  during the
preceeding  12  months  (or for such  shorter  period  that the  registrant  was
required  to file  such  reports),  and  (2) has  been  subject  to such  filing
requirements for the past 90 days.

          (1) Yes [x]  No [ ]            (2) Yes [x]  No [ ]

                     APPLICABLE ONLY TO CORPORATE ISSUERS:

     Indicate the number of shares  outstanding of each of the issuer's  classes
of common stock, as of the last practicable date



         Class                          Outstanding as of March 31st, 2000
        -------                         ----------------------------------

        Common stock, $0.01                    2,217,975

<PAGE>



     PART 1. The accompanying balance sheets of The Gold Chain Mining Company (a
development stage company) disclose the Company's financial position as of March
31, 2000,  December  31st 1999 and the  statement of  stockholders'  equity from
inception  on  August  19,  1907  through  March  31st,  2000.  These  financial
statements are the responsibility of the Company's management.

     This  report  includes,  to the  best of  Management's  knowledge,  all the
information  and notes to the  financial  statements  necessary  for a  complete
presentation of the financial position,  results of operations,  cash flows, and
stockholders'   equity  in  conformity   with  generally   accepted   accounting
principles.  In the opinion of management,  all adjustments considered necessary
for a fair presentation of the results of operations and financial position have
been included and all such adjustments are of a normal recurring nature.

     Operating  results  for  the  quarter  ended  March  31st,  2000,  are  not
necessarily  indicative  of the results that can be expected for the year ending
December 31, 2000.

<PAGE>
                          THE GOLD CHAIN MINING COMPANY
                          (A Development Stage Company)
                                 BALANCE SHEETS
<TABLE>
<CAPTION>

ASSETS                                              March 31st,   December 31st,
                                                  ______________________________
                                                       2000             1999
                                                  _____________    _____________

<S>                                               <C>              <C>
Assets:
  Cash and Cash Equivalents                       $        96     $         96
                                                  =============    =============
Liabilities:
  Accounts Payable                                $       965     $        965
  Related Party Payables                               11,504            11,504
                                                  _____________   ______________
Total Liabilities                                      12,469            12,469
                                                  _____________   ______________

Stockholders' Equity:
Common Stock, Par value $.01
Authorized 10,000,000 shares,
Issued 2,002,975 and 1,227,975 shares at
December 31, 1999 and 1998, respectively               20,030           20,030
Paid in Capital                                       340,275          340,275
Deficit Accumulated During the Development Stage     (372,678)        (372,678)
                                                  _____________   ______________

Total Stockholders' Equity                            (12,373)         (12,373)
                                                  _____________   ______________

Total Liabilities and Stockholders' Equity        $        96     $         96
                                                  =============   ==============





   The accompanying notes are an integral part of these financial statements.

</TABLE>
<PAGE>

                          THE GOLD CHAIN MINING COMPANY
                          (A Development Stage Company)
                            STATEMENTS OF OPERATIONS
<TABLE>
<CAPTION>






                                 For the period ended   Cumulative
                                March 31st, Dec 31,     Since inception
                                                        of
                              ----------------------    Development
                                2000         1999       Stage
                              ----------  ----------  ----------

<S>                           <C>         <C>         <C>
REVENUES                      $    -      $    -      $    -

EXPENSES

   General and administrative    20,614       20,614     271,257
                              ----------  ----------  ----------
   Net Loss from Operations     (20,614)     (20,614)   (271,257)
                              ----------  ----------  ----------
OTHER INCOME (EXPENSES)
Loss on valuation of assets     (60,000)     (60,000)   (101,421)
                              ----------  ----------  ----------
Net Loss                      $ (80,614)     (80,614)   (372,678)
                              ----------  ----------  ----------
Basic & Diluted loss
per share                     $   (0.05)  $   (0.05)
                              ==========  ==========

   The accompanying notes are an integral part of these financial statements.

</TABLE>
<PAGE>

                          THE GOLD CHAIN MINING COMPANY

                          (A Development Stage Company)

                       STATEMENTS OF STOCKHOLDERS' EQUITY

<TABLE>

<CAPTION>
                                                                  Deficit
                                                                  Accumulated
                                 Common Stock                     During the
                            -----------------------  Paid in      Development
                               Shares      Amount    Capital      Stage
                            -----------  ----------  ----------   -----------
<S>                         <C>          <C>         <C>          <C>
Balance at inception
on August 19, 1907                -      $    -      $    -       $     -

Issuance of Common stock
at approximately
$0.23 per share              1,227,975      12,280     270,319          -

Net loss from
inception through
December 31, 1995                 -           -           -         (233,865)
                            -----------  ----------  ----------   -----------
Balance at
December 31, 1995            1,227,975      12,280     270,319      (233,865)

Net Loss                                                             (48,834)
                            -----------  ----------  ----------   -----------
Balance at
December 31, 1996            1,227,975      12,280     270,425      (282,805)

Capital Contribution              -           -            106          -

Net loss balance at
December 31, 1997            1,227,975      12,280     270,425      (2292,064)
                            -----------  ----------  ----------   -----------
Capital Contribution              -           -            100          -

Net loss balance at
December 31, 1998            1,227,975      12,280     270,525      (292,064)
                            -----------  ----------  ----------   -----------
Issuance of Stock for
services in Lieu of
Cash at $0.10 per share        175,000       1,750      15,750         -

Issuance of Stock for
mining claims in Lieu of
Cash at $0.10 per share        600,000       6,000      54,000         -

Net loss                          -           -          -           (80,614)
Balance at

March 31st, 2000             2,217,975   $  20,030   $ 340,275    $ (372,678)
                            ==========   ==========  ==========   ==========



  The accompanying notes are an integral part of these financial statements.

</TABLE>


<PAGE>


                          THE GOLD CHAIN MINING COMPANY
                          (A Development Stage Company)
                            STATEMENTS OF CASH FLOWS
<TABLE>

<CAPTION>
                                                        Cumulative
                                                        Since
                                For the period ended    Inception
                               March 31, Dec 31,        of
                            -----------------------     Development
                               2000      1999           Stage
                            -----------  ----------     -----------
<S>                         <C>          <C>                   <C>
CASH FLOWS FROM
OPERATING ACTIVITIES:

Net Loss                    $  (80,614)  $  (80,614)     $  (372,678)
Stock issued for services       17,500       17,500           17,500
Loss on valuation of assists    60,000       60,000          101,421
Increase (Decrease) in
     Accounts Payable              865          865            9,465
Net Cash Used in operating   -----------  ----------     -----------
     activities                 (2,249)      (2,249)        (244,292)
                             -----------  ----------     -----------

CASH FLOWS FROM
INVESTING ACTIVITIES:

Investment in Mining Claims        -           -            (41,421)
                             -----------  ----------     -----------
Net Cash provided by
investing activities               -           -            (41,421)
                             -----------  ----------     -----------

CASH FLOWS FROM
FINANCING ACTIVITIES

Capital Contributions              -           -                206
Shareholder Advances             2,345         2,345          3,004
Issuance of Capital Stock          -             -          282,599
                             -----------  ----------     -----------
Net Cash Provided by
Financing Activities             2,345        2,345         285,809
                             -----------  ----------     -----------
Net (Decrease) Increase
in Cash and Cash Equivalents        96           96              96

Cash and Cash Equivalents at
Beginning of Period                -             -              -
                             -----------  ----------     -----------
Cash and Cash Equivalents at
End of Period                 $     96      $    96        $     96
                             ===========  ==========     ===========

SUPPLEMENTAL DISCLOSURE OF CASH INFORMATION:

Cash paid during the period for:

Interest                      $    -        $    -        $     -
Franchise and income taxes    $    100           100            200

SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:

None.




   The accompanying notes are an integral part of these financial statements.
</TABLE>
<PAGE>

                          THE GOLD CHAIN MINING COMPANY

                          (A Development Stage Company)

                          NOTES TO FINANCIAL STATEMENTS

               THE QUARTER ENDED MARCH 31, 2000 AND DECEMBER 31, 1999



 NOTE  1 - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

     This  summary of  accounting  policies  from Gold Chain  Mining  Company is
presented to assist in understanding  the Company's  financial  statements.  The
accounting policies conform to generally accepted accounting principles and have
been consistently applied in the preparation of the financial statements.

Organization and Basis of Presentation

     The Gold Chain Mining Company (the Company) was  incorporated  in the State
of Utah on August 19,  1907.  The  Company  is a  subsidiary  of Mammoth  Mining
Company,  a Nevada  corporation  doing  business in Utah.  The Company is in the
development  stage,  and  has not  commenced  planned  principal  operations.

Nature of Business

     The company has no products or services as of March 31st, 2000. the Company
was organized to explore and develop mining properties through the sale, leasing
or joint venture of such properties.

Cash and Cash Equivalents

     For purposes of the  statement  of cash flows,  the Company  considers  all
highly liquid debt instruments purchased with a maturity of three months or less
to be cash equivalents to the extent the funds are not being held for investment
purposes.

Pervasiveness of Estimates

     The  preparation  of financial  statements  in  conformity  with  generally
accepted  accounting  principles  required  management  to  make  estimates  and
assumptions  that  affect the  reported  amounts of assets and  liabilities  and
disclosure of  contingent  assets and  liabilities  at the date of the financial
statements  and the  reported  amounts  of  revenues  and  expenses  during  the
reporting period. Actual results could differ from those estimates.

<PAGE>


                          THE GOLD CHAIN MINING COMPANY

                          (A Development Stage Company)

                          NOTES TO FINANCIAL STATEMENTS

             THE QUARTER ENDED MARCH 31, 2000 AND DECEMBER 31, 1999
                                  (Continued)

NOTE 1 - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(Continued)

Loss per Share

     The  reconciliations  of the numerators and  denominators of the basic loss
per share computations are as follows:

                                Income          Shares          Per-Share Amount
                                ------          ------          ----------------
                                (Numerator)     (Denominator)

                                  For the quarter ended March 31, 2000
                                  ------------------------------------
Basic Loss per Share
Loss to common shareholders     $  (80,614)      1,615,475       $   (0.05)
                                ===========     ===========      ==========

                                  For the year ended December, 31, 1999
                                  -------------------------------------
Basic Loss per Share
Loss to common shareholders     $  (80,614)      1,615,475       $   (0.05)
                                ===========     ===========      ==========

     The effect of outstanding  common stock  equivalents would be anti-dilutive
for March 31, 2000 and December 31, 1999 and are thus not considered.

NOTE 2 - INCOME TAXES

     As of March 31, 2000, the Company had a net operating loss carryforward for
income tax  reporting  purposes  of  approximately  $236,000  that may be offset
against future taxable income through 2014. Current tax laws limit the amount of
loss  available to be offset  against  future  taxable income when a substantial
change in ownership  occurs.  Therefore,  the amount  available to offset future
taxable income may be limited. No tax benefit has been reported in the financial
statements,  because the Company  believes  there is a 50% or greater chance the
carry-forwards  will expire unused.  Accordingly,  the potential tax benefits of
the loss carry-forwards are offset by a valuation allowance of the same amount.

<PAGE>

                          THE GOLD CHAIN MINING COMPANY

                          (A Development Stage Company)

                          NOTES TO FINANCIAL STATEMENTS

             THE QUARTER ENDED MARCH 31, 2000 AND DECEMBER 31, 1999
                                  (Continued)

NOTE 3 - DEVELOPMENT STAGE COMPANY

     The  company  has not begun  principal  operations  and as is common with a
development  stage  company,  the Company has had  recurring  losses  during its
development stage.

NOTE 4 - RELATED PARTY TRANSACTIONS

     The Company shares office space provided by the Company's  parent  company,
Mammoth  Mining  Company.  The office space is located in certain  buildings and
offices situated at the Main Tintic Project Mine.  Mammoth mining Company leases
its office space,  on an  intermittent  basis,  from Keystone  Surveys,  Inc., a
company that is owned and operated by an officer and director of the Company who
is also a principal  shareholder  of Mammoth  Mining  Company.  The monthly rent
expense is $500.00 due at the beginning of each month.

     At December 31, 1998, the company owed $2,500.00  accrued rent for the five
months  between  August 1, 1998 and  December  31,  1998.  The company paid that
expense  during 1999 by issuing 25,000 shares with a basis of $0.10 per share to
Keystone  Surveys,  Inc.  lieu of cash.  Rent  expense for 1999 was $6,000.  The
company issued 45,000 shares of the Company's Common Stock at $0.10 during 1999,
in payment in lieu of cash of $4,500 with the remaining $1,500 owing at December
31, 1999.

     In accordance with the stock option plan adopted by the Company on June 17,
1995,  the Board of Directors  authorized  5,000 shares to each  director of the
Company per quarter of service.  These shares were assigned a value of $0.10 per
share.

     At December 31, 1998, the Company owed the  directors,  as a group, a total
of 60,000  shares,  or $6,000,  under the  compensation  agreement,  although no
shares were issued at December 31, 1998. During 1999, the directors, as a group,
accrued  an  additional  115,000  shares,  or  $11,500,  under the  compensation
agreement.  During  1999,  the Company  issued the  directors a total of 105,000
shares,  or $10,5000,  to compensate  the  directors  for the seven  quarters of
service the directors had completed  between  January 1, 1998, and September 30,
1999. At March 31, 2000, the Company owed the directors,  as a group, a total of
70,000 shares, or $7,000.

     Also during 1999 and 1998,  shareholders  advanced  the Company  $2,345 and
$659, payable upon demand without interest.

     In  aggregate  at March 31,  2000,  the  Company  owed  $11,504  to related
parties.

 <PAGE>

                         THE GOLD CHAIN MINING COMPANY

                          (A Development Stage Company)

                          NOTES TO FINANCIAL STATEMENTS

               THE QUARTER ENDED MARCH 31, 2000 AND DECEMBER 31, 1999
                                  (Continued)

NOTE 5 - MINING CLAIMS

     The  Company  holds an  interest in 19  patented  mining  claims,  totaling
approximately 84 acres and located in the Tintic Mining  District,  Juab County,
Utah.

     On June 21, 1999, the Company's Board of Directors  authorized the purchase
of nine  patented  mining claims from a company that is owned and operated by an
officer and  director of the  company  who is also a  principal  shareholder  of
Mammoth Mining Company. The Board approved the issuance of 600,000 shares of the
Company's stock, valued at $60,000.00,  in exchange for the nine patented mining
claims.

     During the year ended  December 31, 1996,  and again during the nine months
ended September 30, 1999, the Company  determined a loss on the valuation of the
mining  claims  should be taken in  accordance  with its policy of  valuing  the
mining  claims  at the  lower  of cost or net  realizable  value.  The  ultimate
realization of the Company's  investment in exploration  properties is dependent
upon a number of factors,  including success of  mineralization,  the ability of
the Company to obtain financing or to make other arrangements to further explore
and  develop the  properties,  and the  profitability  of future  production  or
royalties  from  production,  if any. The ultimate  realization of the Company's
investment cannot be ensured or determined at this time and, accordingly, it was
determined  the cost of the  mineral  properties,  $41,421.00,  and  $60,000.00,
should be charged to operations.

NOTE 6 - COMMON STOCK AND OPTION AWARD PLAN

     At an annual Board of Directors Meeting,  held June 17, 1995, the Company's
Directors  approved a plan for the  granting of stock,  stock  options and stock
appreciation  rights that would be registered  with the  Securities and Exchange
Commission.  The plan was  approved  to enable the Company to attract and retain
experienced and able directors,  officers, employees and similar individuals who
provide  significant  service to the Company and are eligible  under the Plan to
receive   qualified  plan  awards.  as  of  December  31,  1999  and  1998,  the
shareholders  have not  authorized  any  amount of shares of common  stock to be
administered under the plan and no shares, options, or stock appreciation rights
have been awarded under the Plan.

<PAGE>

NOTE 7 - SUBSEQUENT EVENTS

     Subsequent  to December  31,  1999,  the Company  approved  the issuance of
15,000  shares of the  Company's  common stock in payment of office rental costs
and 70,000 shares of the Company's common stock in payment of directors fees.



                          (End of Financial Statements)

Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned, thereunto duly authorized.

                              GOLD CHAIN MINING COMPANY, INC.
                              (REGISTRANT)

                              /s/  Spenst Hansen
                          BY:  -------------------------
                               SPENST HANSEN, PRESIDENT  AND  DIRECTOR

DATED:  August 15, 2000