##### 



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
 FORM 10-QSB AMENDMENT NO. 1 (Mark One) þ
    
    QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 For the quarterly period from
    
    7-1-04
    
    to
    
    9-30-04
 o
    
    TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES ACT.
 For the transition period from
    
    
    
    to
 Commission file number
    
    000-31025
 METALINE CONTACT MINES 
  Washington
    
    91-0779945(State or jurisdiction of incorporation or
organization)
    
    (IRS Employer Identification No.)
 W. 3848 Turtle Patch Road, Pine River WI 54965 
  920-987-5317 
  State the number of shares outstanding of each of the issuers classes of
common equity, as of the latest practical date: 14,531,254 Transitional Small Business Disclosure Format (Check one): Yes o No þ




---



##### 



METALINE CONTACT MINES
STATEMENTS OF OPERATIONS Three Months Ended
    
    Nine Months EndedSeptember 30,
    
    September 30,
    
    September 30,
    
    September 30,2004
    
    2003
    
    2004
    
    2003(Unaudited)
    
    (Unaudited)
    
    (Unaudited)
    
    (Unaudited)REVENUESRoyalty income
    
    $
    3,880
    
    
    $
    3,880
    
    
    $
    16,440
    
    
    $
    11,640GENERAL AND ADMINISTRATIVE EXPENSESConsulting and management fees
    
    
    30,000
    
    
    
    1,500
    
    
    
    30,000
    
    
    
    4,500Property expense
    
    
    
    
    
    
    
    
    
    
    37,765
    
    
    
    Professional fees
    
    
    6,628
    
    
    
    3,000
    
    
    
    13,009
    
    
    
    12,925Administrative expenses
    
    
    3,123
    
    
    
    6,123
    
    
    
    12,515
    
    
    
    11,145TOTAL EXPENSES
    
    
    39,751
    
    
    
    10,623
    
    
    
    93,289
    
    
    
    28,570OPERATING LOSS
    
    
    (35,871
    )
    
    
    (6,743
    )
    
    
    (76,849
    )
    
    
    (16,930
    )OTHER INCOME (LOSS)Dividend income
    
    
    137
    
    
    
    41
    
    
    
    250
    
    
    
    286Interest income
    
    
    1,915
    
    
    
    1,915
    
    
    
    5,744
    
    
    
    5,745Loss from investment in LLC
    
    
    (144
    )
    
    
    (85
    )
    
    
    (393
    )
    
    
    (848
    )TOTAL OTHER INCOME
    
    
    1,908
    
    
    
    1,871
    
    
    
    5,601
    
    
    
    5,183LOSS BEFORE TAXES
    
    
    (33,963
    )
    
    
    (4,872
    )
    
    
    (71,248
    )
    
    
    (11,747
    )INCOME TAX EXPENSE
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    NET LOSS
    
    $
    (33,963
    )
    
    $
    (4,872
    )
    
    $
    (71,248
    )
    
    $
    (11,747
    )NET LOSS PER COMMON SHARE,
BASIC AND DILUTED
    
    $
    nil
    
    
    $
    nil
    
    
    $
    nil
    
    
    $
    nilWEIGHTED AVERAGE NUMBER
OF COMMON SHARES OUTSTANDING,
BASIC AND DILUTED
    
    
    14,531,254
    
    
    
    14,064,300
    
    
    
    14,514,212
    
    
    
    14,064,300
 F-5




---



##### 



Metaline Contact Mines (the Company) is filing this Amendment No. 1 to its
Form 10-QSB, filed with the U.S. Securities and Exchange Commission on November
16, 2004, in order to include the 9-month financial information in its
Statement of Operations contained in its interim Financial Statements, dated
September 30, 2004, that was erroneously omitted when Edgarized. SIGNATURES In accordance with the requirements of the Exchange Act, the registrant caused
this report to be signed on its behalf by the undersigned, thereunto duly
authorized. DATED this the 26th day of November, 2004
    
    METALINE CONTACT MINESBy:
    
    /s/ John W. BeasleyJohn W. BeasleySecretary/Treasurer/CFO
 -2-