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UNITED STATES SECURITIES AND EXCHANGE COMMISSION  
Washington, DC 20549

FORM 10QSB



|[X] | Quarterly Report Pursuant to Section 13 or 15(d) of the Securities  Exchange Act of 1934
|--- | ----------------------------------------------------------------------------------------
|    | FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2002                                           
|    | OR                                                                                      
|[ ] | Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
|    | For the transition period from to                                                       

COMMISSION FILE NUMBER 333-35332

CAMDEN MINES LIMITED

(Exact name of registrant as specified in its charter)



|NEVADA                            | 88-0437644                  
|--------------------------------- | ----------------------------
|(State of other jurisdiction      | (IRS Employer Identification
|of incorporation or organization) | Number)                     

1040 West Georgia 
Suite 1160 
Vancouver, British Columbia 
Canada V6E 4H1 (Address of principal executive offices)

(604) 605-0885 (Registrant's telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 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.

Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of March 31, 2002: 20,352,125

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PART I.

ITEM 1 - Financial Statements



|CAMDEN MINES LIMITED
(An Exploration Stage Enterprise)
BALANCE SHEETS
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|                                                                     
|ASSETS                                                               
|CURRENT ASSETS                                                       
|                                                                     
|                                                                     
|                                                                     
|                                                                     
|PROPERTY AND EQUIPMENT                                               
|                                                                     
|                                                                     
|                                                                     
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|OTHER ASSETS                                                         
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|TOTAL ASSETS                                                         
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|LIABILITIES AND STOCKHOLDERS' EQUITY                                 
|CURRENT LIABILITIES                                                  
|                                                                     
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|COMMITMENTS AND CONTINGENCIES                                        
|STOCKHOLDERS' EQUITY                                                 
|                                                                     
|                                                                     
|                                                                     
|                                                                     
|                                                                     
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|                                                                     
|TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                           

See notes to interim financial statements

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|CAMDEN MINES LIMITED
(An Exploration Stage Enterprise)
STATEMENTS OF OPERATIONS
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|                                                                               
|
|
|
|March 31,
2002
(Unaudited)                                                     
|
|
|
|                                                                               
|REVENUES                                                                       
|OPERATING EXPENSES                                                             
|Consulting services provided by directors                                      
|Rent                                                                           
|General and administrative                                                     
|Legal and accounting                                                           
|Depreciation                                                                   
|Mining exploration                                                             
|Travel                                                                         
|                                                                               
|                                                                               
|LOSS BEFORE INCOME TAXES                                                       
|INCOME TAXES                                                                   
|NET LOSS                                                                       
|NET LOSS PER COMMON
SHARE, BASIC AND DILUTED                                   
|WEIGHTED AVERAGE NUMBER OF COMMON STOCK SHARES OUTSTANDING, BASIC AND DILUTED  

See notes to interim financial statements

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|CAMDEN MINES LIMITED
(AN EXPLORATION STAGE ENTERPRISE)
STATEMENT OF STOCKHOLDERS' EQUITY
|----------------------------------------------------------------------------------------
|                                                                                        
|Number 
of Shares                                                                       
|Issuance of common stock for                                                            
|services and in payment of                                                              
|advances for approximately                                                              
|$0.055 per share                                                                        
|Cancellation of common stock                                                            
|returned by directors for                                                               
|services and payment of                                                                 
|advances for approximately                                                              
|$0.055 per share                                                                        
|Issuance of common stock for                                                            
|services and in payment of                                                              
|advances for approximately                                                              
|$0.055 per share                                                                        
|Net loss for period ending,                                                             
|June 30, 2000                                                                           
|Balance, June 30, 2000                                                                  
|Issuance of common stock                                                                
|for $0.10 per share                                                                     
|Cancellation of common stock                                                            
|returned for services and                                                               
|payment of advance                                                                      
|Issuance of common stock for                                                            
|four-for-one stock dividend                                                             
|at par                                                                                  
|Net loss for the year ended                                                             
|ending March 31, 2001 June 30, 2001                                                     
|Balance, June 30, 2001                                                                  
|Net loss for the nine months                                                            
|ended March 31, 2002                                                                    
|Balance, March 31, 2002                                                                 
|(Unaudited)                                                                             

See notes to interim financial statements

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|CAMDEN MINES LIMITED
(AN EXPLORATION STAGE ENTERPRISE)
STATEMENTS OF CASH FLOWS
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|                                                                               
|                                                                               
|CASH FLOWS FROM OPERATING ACTIVITIES                                           
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|                                                                               
|                                                                               
|                                                                               
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|                                                                               
|                                                                               
|Net cash provided (used) by operating activities                               
|CASH FLOWS FROM INVESTING ACTIVITIES:                                          
|                                                                               
|Net cash flows used in investing activities                                    
|CASH FLOWS FROM FINANCING ACTIVITIES                                           
|                                                                               
|                                                                               
|                                                                               
|Net cash provided by financing activities                                      
|                                                                               
|Change in cash                                                                 
|                                                                               
|Cash, beginning of period                                                      
|Cash, end of period                                                            
|SUPPLEMENTAL CASH FLOW DISCLOSURES:                                            
|                                                                               
|                                                                               
|                                                                               
|NON-CASH TRANSACTIONS:                                                         
|                                                                               
|                                                                               
|                                                                               

See notes to interim financial statements

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CAMDEN MINES LIMITED
(An Exploration Stage Enterprise)
March 31, 2002

NOTES TO INTERIM FINANCIAL STATEMENTS
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1.   BASIS OF PRESENTATION



The foregoing unaudited interim financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-QSB and Regulation S-B as promulgated by the Securities and Exchange Commission.  Accordingly, these financial statements do not include all of the disclosures required by accounting principles generally accepted in the United States of America for complete financial   statements.   These unaudited interim financial statements should be read in conjunction with the audited financial statements for the period ended June 30, 2001.  In the opinion of management, the unaudited interim financial statements furnished herein include all adjustments, all of which are of a normal recurring  nature, necessary for a fair statement of the results for the interim period presented.

The preparation of financial statements in accordance with accounting principles generally accepted in the United States of America requires the use of estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities known to exist as of the date the financial statements are published, and the reported amounts of revenues and expenses during the reporting period.  Uncertainties with respect to such estimates and assumptions are inherent in the preparation of the Company's financial   statements; accordingly, it is possible that the actual results could differ from these estimates and assumptions that could have a material effect on the reported amounts of the Company's financial position and results of operations.

Operating results for the three-month and nine-month periods ended March 31, 2002 are not necessarily indicative of the results that may be expected for the year ending June 30, 2002.

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PART II.

ITEM 2. 	MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL OR RESULTS OF OPERATIONS

Financial Condition, Liquidity and Capital Resources

Since inception on September 14, 1999, our Company has been engaged in exploration and acquisition of mineral properties. Our Company's principal capital resources have been acquired through issuance of common stock and from shareholder loans.

At March 31, 2002, we had positive working capital of $7,608 compared to positive working capital of $23,677 at June 30, 2001.

At March 31, 2002, our Company's total assets of $13,666 consist of mainly cash and office equipment. This compares with our Company's assets at June 30, 2001 of $31,191, likewise consisting of mainly cash and office equipment.

At March 31, 2002, our Company's total liabilities were only $364, an increase from nil at June 30th, 2001 due to a rise in accounts payable - related party.

Our Company has not had revenues from inception. Although there is insufficient capital to fully explore and develop its mineral properties, our Company expects to survive and exploit its resources primarily with funding from sales of its securities and, as necessary, from shareholder loans.

Our Company has no long-term debt and does not regard long-term borrowing as a good, prospective source of financing.

Results of Operations

Our Company posted a loss of $18,089 for the nine months ending March 31, 2002. The principal components of the loss were professional expenses and, to a lesser degree, general and administrative expenses.

Operating expenses for the nine months ending March 31, 2002 were likewise $18,089.

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SIGNATURES

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 on this 2nd   day of May, 2002.

CAMDEN MINES LIMITED
(Registrant)

By:	/s/ Hugh Grenfal
Hugh Grenfal, President, Treasurer, Principal
Accounting Officer and a member of the Board
Of Directors