UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C.  20549
                              _____________________

                                  FORM 10QSB

                     UNDER SECTION 12(b) OR SECTION 12(g) OF
                       THE SECURITIES EXCHANGE ACT OF 1934
                       FOR THE QUARTER ENDED DECEMBER 31, 2003

                              TREND MINING COMPANY
                 (NAME OF SMALL BUSINESS ISSUER IN ITS CHARTER)

                 DELAWARE                                  81-0304651
     (STATE OR OTHER JURISDICTION OF                   (I.R.S.  EMPLOYER
      INCORPORATION OR ORGANIZATION)                  IDENTIFICATION  NO.)


                            4881 EAST SHORELINE DRIVE
                            POST FALLS, IDAHO 83854

                     (ADDRESS OF PRINCIPAL EXECUTIVE OFFICE)

                   ISSUER'S TELEPHONE NUMBER:  (208) 773-2250


           SECURITIES TO BE REGISTERED UNDER SECTION 12(b) OF THE ACT:

                                      NONE
                                (TITLE OF CLASS)

           SECURITIES TO BE REGISTERED UNDER SECTION 12(g) OF THE ACT:

                              COMMON PAR VALUE $0.01
                                (TITLE OF CLASS)

================================================================================
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.

YES  [ X ]  NO  [   ]

THE NUMBER OF SHARES OUTSTANDING AT DECEMBER 31, 2003: 33,229,085 SHARES


<PAGE>
<TABLE>
<CAPTION>
                                            TREND MINING COMPANY
                                       (AN EXPLORATION STAGE COMPANY)
                                               BALANCE SHEETS


                                                                        December 31,
                                                                            2002           September 30,
                                                                        (unaudited)            2003
                                                                     ------------------  ------------------
<S>                                                                  <C>                 <C>
ASSETS

CURRENT ASSETS
  Cash                                                               $           5,808   $           2,558
                                                                     ------------------  ------------------
    TOTAL CURRENT ASSETS                                                         5,808               2,558
                                                                     ------------------  ------------------

MINERAL PROPERTIES                                                                   -                   -
                                                                     ------------------  ------------------

PROPERTY AND EQUIPMENT, net of depreciation                                      4,482               5,172
                                                                     ------------------  ------------------

OTHER ASSETS
  Investments                                                                   41,400              57,300
                                                                     ------------------  ------------------

TOTAL ASSETS                                                         $          51,690   $          65,030
                                                                     ==================  ==================

LIABILITIES AND STOCKHOLDERS' DEFICIT

CURRENT LIABILITIES
  Accounts payable                                                   $         156,459   $         146,419
  Accounts payable - checks in excess of bank balance                                -               3,297
  Accrued expenses                                                              46,227                   -
  Interest payable                                                             154,328             135,425
  Loans payable to stockholders                                              1,137,857           1,097,857
  Current portion of long-term debt                                                  -                   -
                                                                     ------------------  ------------------
    TOTAL CURRENT LIABILITIES                                                1,494,871           1,382,998
                                                                     ------------------  ------------------

LONG-TERM DEBT, net of current portion                                               -                   -
                                                                     ------------------  ------------------

COMMITMENTS AND CONTINGENCIES                                                        -                   -
                                                                     ------------------  ------------------

STOCKHOLDERS' DEFICIT
  Preferred stock,  $0.01 par value, 20,000,000 shares
    authorized; 0 and 1 share issued and outstanding, respectively                   -                   -
  Common stock,  $0.01 par value, 100,000,000
    shares authorized; 33,229,085 and
    33,229,085 shares issued and outstanding, respectively                     332,291             332,291
  Additional paid-in capital                                                 6,246,963           6,246,963
  Stock options and warrants                                                 1,383,042           1,383,042
  Pre-exploration stage accumulated deficit                                   (558,504)           (558,504)
  Accumulated deficit during exploration stage                              (8,832,872)         (8,723,560)
  Other comprehensive income                                                   (14,100)              1,800
                                                                     ------------------  ------------------
    TOTAL STOCKHOLDERS' DEFICIT                                             (1,443,180)         (1,317,968)
                                                                     ------------------  ------------------

TOTAL LIABILITIES AND
  STOCKHOLDERS' DEFICIT                                              $          51,690   $          65,030
                                                                     ==================  ==================


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


                                        1
<PAGE>
<TABLE>
<CAPTION>
                                            TREND MINING COMPANY
                                       (AN EXPLORATION STAGE COMPANY)
                                          STATEMENTS OF OPERATIONS


                                                                                            Period from
                                                                                          October 1, 1996
                                                                                           (Inception of
                                                          Three Months    Three Months   Exploration Stage)
                                                             Ended            Ended              to
                                                          December 31,    December 31,      December 31,
                                                              2003            2002              2003
                                                          (unaudited)     (unaudited)       (unaudited)
                                                        ----------------  -------------  ------------------
<S>                                                     <C>               <C>            <C>

REVENUES                                                $             -   $          -   $               -
                                                        ----------------  -------------  ------------------

EXPENSES
  Exploration expense                                                 -         33,127           2,909,066
  General and administrative                                     67,180        116,920           2,331,169
  Officers and directors compensation                                 -         18,454           1,385,396
  Legal and professional                                         22,797         21,386           1,160,575
  Depreciation                                                      689          2,728              49,665
                                                        ----------------  -------------  ------------------
    Total Expenses                                               90,666        192,615           7,835,871
                                                        ----------------  -------------  ------------------

OPERATING LOSS                                                  (90,666)      (192,615)         (7,835,871)
                                                        ----------------  -------------  ------------------

OTHER INCOME (EXPENSE)
  Dividend and interest income                                        -              -               6,398
  Gain (loss) on disposition and impairment of assets                 -              -            (177,519)
  Loss on investment sales                                            -              -             (23,080)
  Financing expense                                                   -              -          (1,135,113)
  Interest expense                                              (18,902)       (21,663)           (242,716)
  Miscellaneous income                                              256              -              10,601
  Forgiveness of debt                                                 -        122,354             564,428
                                                        ----------------  -------------  ------------------
    Total Other Income (Expense)                                (18,646)       100,691            (997,001)
                                                        ----------------  -------------  ------------------

LOSS BEFORE INCOME TAXES                                       (109,312)       (91,924)         (8,832,872)

INCOME TAXES                                                          -              -                   -

                                                        ----------------  -------------  ------------------
NET LOSS                                                       (109,312)       (91,924)         (8,832,872)
                                                        ----------------  -------------  ------------------

OTHER COMPREHENSIVE INCOME (LOSS)
  Change in market value of investments                         (15,900)             -             (14,100)
                                                        ----------------  -------------  ------------------

NET COMPREHENSIVE LOSS                                  $      (125,212)  $    (91,924)  $      (8,846,972)
                                                        ================  =============  ==================


BASIC AND DILUTED NET LOSS PER SHARE                    $           nil   $        nil
                                                        ================  =============

WEIGHTED AVERAGE NUMBER OF
  COMMON SHARES OUTSTANDING                                  33,229,085     24,687,545
                                                        ================  =============



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


                                        2
<PAGE>
<TABLE>
<CAPTION>
                                                    TREND MINING COMPANY
                                               (AN EXPLORATION STAGE COMPANY)
                                        STATEMENT OF STOCKHOLDERS' EQUITY (DEFICIT)


                                                                Common Stock
                                                            --------------------   Additional     Stock
                                                              Number                Paid-in    Options and    Accumulated
                                                             of Shares   Amount     Capital      Warrants       Deficit
                                                            -----------  -------  -----------  ------------  --------------
<S>                                                         <C>          <C>      <C>          <C>           <C>

Balance, October 1, 1996                                     1,754,242   $17,542  $   663,218  $         -   $    (558,504)

Common stock issuances as follows:
  - for cash at $0.50 per share                                200,000     2,000       98,000            -               -
  - for payment of liabilities and expenses at $0.50
    per share                                                   45,511       455       22,301            -               -

Net loss for the year ended September 30, 1997                       -         -            -            -        (128,614)
                                                            -----------  -------  -----------  ------------  --------------

Balance, September 30, 1997                                  1,999,753    19,997      783,519            -        (687,118)

Issuance of common stock as follows:
  - for mineral property at $0.50 per share                    150,000     1,500       73,500            -               -
  - for lease termination at $0.50 per share                    12,000       120        5,880            -               -
  - for debt at $0.50 per share                                 80,000       800       39,200            -               -
  - for cash at $0.20 per share                                  7,500        75        1,425            -               -
  - for compensation at $0.50 per share                          9,000        90        4,410            -               -

Issuance of stock options for financing activities                   -         -            -        2,659               -

Net loss for the year ended September 30, 1998                       -         -            -            -        (119,163)

Change in market value of investments                                -         -            -            -               -
                                                            -----------  -------  -----------  ------------  --------------

Balance, September 30, 1998                                  2,258,253   $22,582  $   907,934  $     2,659   $    (806,281)
                                                            -----------  -------  -----------  ------------  --------------


                                                                Other
                                                            Comprehensive
                                                            Income (Loss)     Total
                                                            -------------  -----------
<S>                                                         <C>            <C>

Balance, October 1, 1996                                    $          -   $  122,256

Common stock issuances as follows:
  - for cash at $0.50 per share                                        -      100,000
  - for payment of liabilities and expenses at $0.50
    per share                                                          -       22,756

Net loss for the year ended September 30, 1997                         -     (128,614)
                                                            -------------  -----------

Balance, September 30, 1997                                            -      116,398

Issuance of common stock as follows:
  - for mineral property at $0.50 per share                            -       75,000
  - for lease termination at $0.50 per share                           -        6,000
  - for debt at $0.50 per share                                        -       40,000
  - for cash at $0.20 per share                                        -        1,500
  - for compensation at $0.50 per share                                -        4,500

Issuance of stock options for financing activities                     -        2,659

Net loss for the year ended September 30, 1998                         -     (119,163)

Change in market value of investments                            117,080      117,080
                                                            -------------  -----------

Balance, September 30, 1998                                 $    117,080   $  243,974
                                                            -------------  -----------


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


                                        3
<PAGE>
<TABLE>
<CAPTION>
                                                    TREND MINING COMPANY
                                               (AN EXPLORATION STAGE COMPANY)
                                        STATEMENT OF STOCKHOLDERS' EQUITY (DEFICIT)


                                                                Common Stock
                                                            --------------------   Additional     Stock
                                                              Number                Paid-in    Options and     Accumulated
                                                             of Shares   Amount     Capital      Warrants       Deficit
                                                            -----------  -------  -----------  ------------  --------------
<S>                                                         <C>          <C>      <C>          <C>           <C>

Balance, September 30, 1998                                  2,258,253   $22,582  $   907,934  $     2,659   $    (806,281)

Common stock issuances as follows:
  - for cash at an average of $0.07 per share                  555,000     5,550       35,450            -               -
  - for prepaid expenses at $0.33 per share                     50,000       500       16,000            -               -
  - for consulting services at an average of
    $0.20 per share                                            839,122     8,391      158,761            -               -
  - for mineral property at $0.13 per share                    715,996     7,160       82,470            -               -
  - for officers' compensation at an average of
    $0.24 per share                                            300,430     3,004       70,522            -               -
  - for debt,  investment and expenses at $0.30 per share        9,210        92        2,671            -               -
  - for directors' compensation at an average of
    $0.25 per share                                             16,500       165        3,960            -               -
  - for rent at $0.25 per share                                  1,000        10          240            -               -
  - for equipment at $0.30 per share                           600,000     6,000      174,000            -               -

Net loss for the year ended  September 30, 1999                      -         -            -            -        (716,759)

Other comprehensive loss                                             -         -            -            -               -
                                                            -----------  -------  -----------  ------------  --------------

Balance, September 30, 1999                                  5,345,511   $53,454  $ 1,452,007  $     2,659   $  (1,523,040)
                                                            -----------  -------  -----------  ------------  --------------


                                                                Other
                                                            Comprehensive
                                                            Income (Loss)     Total
                                                            -------------  -----------
<S>                                                         <C>            <C>

Balance, September 30, 1998                                 $    117,080   $  243,974

Common stock issuances as follows:
  - for cash at an average of $0.07 per share                          -       41,000
  - for prepaid expenses at $0.33 per share                            -       16,500
  - for consulting services at an average of
    $0.20 per share                                                    -      167,152
  - for mineral property at $0.13 per share                            -       89,630
  - for officers' compensation at an average of
    $0.24 per share                                                    -       73,526
  - for debt,  investment and expenses at $0.30 per share              -        2,763
  - for directors' compensation at an average of
    $0.25 per share                                                    -        4,125
  - for rent at $0.25 per share                                        -          250
  - for equipment at $0.30 per share                                   -      180,000

Net loss for the year ended  September 30, 1999                        -     (716,759)

Other comprehensive loss                                         (79,179)     (79,179)
                                                            -------------  -----------

Balance, September 30, 1999                                 $     37,901   $   22,982
                                                            -------------  -----------


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


                                        4
<PAGE>
<TABLE>
<CAPTION>
                                                    TREND MINING COMPANY
                                               (AN EXPLORATION STAGE COMPANY)
                                        STATEMENT OF STOCKHOLDERS' EQUITY (DEFICIT)


                                                                Common Stock
                                                            ---------------------   Additional     Stock
                                                              Number                 Paid-in    Options and     Accumulated
                                                             of Shares   Amount      Capital      Warrants       Deficit
                                                            -----------  --------  -----------  ------------  --------------
<S>                                                         <C>          <C>       <C>          <C>           <C>

Balance, September 30, 1999                                  5,345,511   $ 53,454  $ 1,452,007  $     2,659   $  (1,523,040)

Common stock and option issuances as follows:
  - for employee, officer and director
    compensation at an average of
    $0.61 per share                                            231,361      2,314      140,446       15,820               -
  - for officers' and directors' compensation
    at an average of $1.19 per share                            11,500        115       13,615            -               -
  - for services at an average of $0.47 per share              530,177      5,302      246,333            -               -
  - for mineral property at $0.89 per share                  1,000,000      1,000       88,000            -               -
  - for investments at $0.33 per share                         200,000      2,000       64,000            -               -
  - for cash at $0.08 per share                                456,247      4,562       28,969            -               -
  - for cash, options and warrants                             100,000     10,000        2,414       87,586               -
  - for incentive fees at $0.33 per share                       65,285        653       20,891            -               -
  - for deferred mineral property acquisition
    costs at $0.13 per share                                   129,938      1,299       14,943            -               -
  - for modification of stockholder agreement
    at $0.60 per share                                         200,000      2,000      118,000       30,000               -
  - for modification of stockholder agreement                        -          -        4,262       10,379               -
  -from exercise of options at $0.12 per share               9,962,762     99,628    1,103,016      (37,524)              -

Cash received for the issuance of common stock
  warrants for 7,979,761 shares of stock                             -          -            -       10,000               -

Miscellaneous common stock adjustments                              (5)         -            -            -               -

Net loss for the year ended  September 30, 2000                      -          -            -            -      (2,186,541)

Other comprehensive income (loss)                                    -          -            -            -               -

                                                            -----------  --------  -----------  ------------  --------------
Balance, September 30, 2000                                 18,232,776   $182,327  $ 3,296,897  $   118,920   $  (3,709,581)
                                                            -----------  --------  -----------  ------------  --------------


                                                                Other
                                                            Comprehensive
                                                            Income (Loss)     Total
                                                            -------------  -----------
<S>                                                         <C>            <C>

Balance, September 30, 1999                                 $     37,901   $   22,982

Common stock and option issuances as follows:
  - for employee, officer and director
  compensation at an average of
  $0.61 per share                                                      -      158,580
  - for officers' and directors' compensation
  at an average of $1.19 per share                                     -       13,730
  - for services at an average of $0.47 per share                      -      251,635
  - for mineral property at $0.89 per share                            -       89,000
  - for investments at $0.33 per share                                 -       66,000
  - for cash at $0.08 per share                                        -       33,531
  - for cash, options and warrants                                     -      100,000
  - for incentive fees at $0.33 per share                              -       21,544
  - for deferred mineral property acquisition
  costs at $0.13 per share                                             -       16,242
  - for modification of stockholder agreement
  at $0.60 per share                                                   -      150,000
  - for modification of stockholder agreement                          -       14,641
  -from exercise of options at $0.12 per share                         -    1,165,120

Cash received for the issuance of common stock
  warrants for 7,979,761 shares of stock                               -       10,000

Miscellaneous common stock adjustments                                 -            -

Net loss for the year ended  September 30, 2000                        -   (2,186,541)

Other comprehensive income (loss)                                (38,314)     (38,314)

                                                            -------------  -----------
Balance, September 30, 2000                                 $       (413)  $ (111,850)
                                                            -------------  -----------


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


                                        5
<PAGE>
<TABLE>
<CAPTION>
                                                       TREND MINING COMPANY
                                                  (AN EXPLORATION STAGE COMPANY)
                                     STATEMENT OF STOCKHOLDERS' EQUITY (DEFICIT) (CONTINUED)


                                                                      Common Stock
                                                                   --------------------  Additional      Stock
                                                                     Number                Paid-in    Options and     Accumulated
                                                                   of Shares    Amount     Capital      Warrants       Deficit
                                                                   ----------  --------  -----------  ------------  --------------
<S>                                                                <C>         <C>       <C>          <C>           <C>

Balance, September 30, 2000                                        18,232,776  $182,327  $ 3,296,897  $   118,920   $  (3,709,581)

Common stock and option issuances as follows:
  - for cash of $1.00 per share                                       192,000     1,920      190,080            -               -
  - for cash and consulting services from
    options for $0.39 per share                                        33,333       333       12,737       (3,070)              -
  - for services at an average of $0.92 per share                      13,700       137       12,463            -               -
  - for officer and employee compensation at
    $1.13 per share                                                     5,200        52        5,828            -               -
  - for payment of accrued officer's compensation
    at $1.35 per share                                                 10,000       100       13,400            -               -
  - for consulting services at an ave of $0.77 per share               45,461       455       34,247            -               -
  - for directors' compensation at $0.85 per share                     75,000       750       63,000            -               -
  - for modification of contract at $0.78 per share                     3,000        30        2,310            -               -
  - for interest payment on contract
    at an average of $0.80 per share                                   10,000       100        7,900            -               -
  - for mineral property expenses at $0.85 per share                    1,000        10          840            -               -
  - for debt at $1.00 per share                                       134,500     1,345      133,155            -               -

Options issued to officers, directors and employees for services            -         -            -      354,000               -

Warrants issued as follows:
  - for consulting services                                                 -         -            -      170,521               -
  - for loan agreements                                                     -         -            -      141,547               -
  - for extension of exercise period
    on outstanding warrants                                                 -         -            -      608,058               -

Net loss for the year ended September 30, 2001                              -         -            -            -      (3,437,354)

Other comprehensive income                                                  -         -            -            -               -
                                                                   ----------  --------  -----------  ------------  --------------
Balance, September 30, 2001                                        18,755,970  $187,559  $ 3,772,856  $ 1,389,976   $  (7,146,935)
                                                                   ----------  --------  -----------  ------------  --------------


                                                                       Other
                                                                   Comprehensive
                                                                   Income (Loss)     Total
                                                                   -------------  ------------
<S>                                                                <C>            <C>

Balance, September 30, 2000                                        $       (413)  $  (111,850)

Common stock and option issuances as follows:
  - for cash of $1.00 per share                                               -       192,000
  - for cash and consulting services from
    options for $0.39 per share                                               -        10,000
  - for services at an average of $0.92 per share                             -        12,600
  - for officer and employee compensation at
    $1.13 per share                                                           -         5,880
  - for payment of accrued officer's compensation
    at $1.35 per share                                                        -        13,500
  - for consulting services at an ave of $0.77 per share                      -        34,702
  - for directors' compensation at $0.85 per share                            -        63,750
  - for modification of contract at $0.78 per share                           -         2,340
  - for interest payment on contract
    at an average of $0.80 per share                                          -         8,000
  - for mineral property expenses at $0.85 per share                          -           850
  - for debt at $1.00 per share                                               -       134,500

Options issued to officers, directors and employees for services              -       354,000

Warrants issued as follows:
  - for consulting services                                                   -       170,521
  - for loan agreements                                                       -       141,547
  - for extension of exercise period
    on outstanding warrants                                                   -       608,058

Net loss for the year ended September 30, 2001                                -    (3,437,354)

Other comprehensive income                                                  413           413
                                                                   -------------  ------------
Balance, September 30, 2001                                        $          -   $(1,796,543)
                                                                   -------------  ------------


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


                                        6
<PAGE>
<TABLE>
<CAPTION>
                                                       TREND MINING COMPANY
                                                  (AN EXPLORATION STAGE COMPANY)
                                     STATEMENT OF STOCKHOLDERS' EQUITY (DEFICIT) (CONTINUED)


                                                                      Common Stock
                                                                   --------------------  Additional      Stock
                                                                     Number                Paid-in    Options and     Accumulated
                                                                   of Shares    Amount     Capital      Warrants       Deficit
                                                                   ----------  --------  -----------  ------------  --------------
<S>                                                                <C>         <C>       <C>          <C>           <C>

Balance, September 30, 2001                                        18,755,970  $187,559  $ 3,772,856  $ 1,389,976   $  (7,146,935)

Common stock issuances as follows:
  - for cash at $0.10 per share                                     2,500,000    25,000      225,000            -               -
  - for a note payable at $1.00 per share                              25,000       250       24,750            -               -
  - for consulting fees payable at $0.55 per share                     12,536       126        6,769            -               -
  - for mineral properties at $0.70 per share                       1,100,000    11,000      759,000            -               -
  - for services at an average of $0.49 per share                     112,500     1,125       53,625            -               -
  - for financing expense at an average of $0.44 per share             82,429       824       35,369            -               -

Options issued to officers, directors and employees for services            -         -            -       29,528               -

Warrants issued as follows:
  - for loan agreements                                                     -         -            -       55,352               -

Expiration of stock options and warrants                                    -         -       91,814      (91,814)              -

Interest expense forgiven by shareholders                                   -         -       42,950            -               -

Net loss for the year ended September 30, 2002                              -         -            -            -      (1,168,171)
                                                                   ----------  --------  -----------  ------------  --------------
Balance, September 30, 2002                                        22,588,435   225,884    5,012,133    1,383,042      (8,315,106)

Common stock issuances as follows:
  - miscellaneous common stock adjustment                              29,555       296            -            -               -
  - for cash at $0.10 per share                                     5,500,000    55,000      495,000            -               -
  - for consulting services at an average of $0.15 per share        1,763,779    17,638      243,362            -               -
  - for loans payable at an average of $0.10 per share                369,160     3,692       33,225            -               -
  - for prior period services at an average of $.13 per share         245,000    2,450       30,550            -               -
  - for investments at $0.21 per share                                450,000     4,500       88,668            -               -
  - to officers and directors for services at $.10 per share        1,423,156    14,231      129,025            -               -
  - penalty shares at $.26 per share                                  860,000     8,600      215,000            -               -

Change in market value of investments                                       -         -            -            -               -

Net loss for the year ended September 30, 2003                              -         -            -            -        (966,958)
                                                                   ----------  --------  -----------  ------------  --------------
Balance, September 30, 2003                                        33,229,085  $332,291  $ 6,246,963  $ 1,383,042   $  (9,282,064)
                                                                   ----------  --------  -----------  ------------  --------------


                                                                       Other
                                                                   Comprehensive
                                                                   Income (Loss)      Total
                                                                   -------------  ------------
<S>                                                                <C>            <C>

Balance, September 30, 2001                                        $          -   $(1,796,543)

Common stock issuances as follows:
  - for cash at $0.10 per share                                               -       250,000
  - for a note payable at $1.00 per share                                     -        25,000
  - for consulting fees payable at $0.55 per share                            -         6,895
  - for mineral properties at $0.70 per share                                 -       770,000
  - for services at an average of $0.49 per share                             -        54,750
  - for financing expense at an average of $0.44 per share                    -        36,193

Options issued to officers, directors and employees for services              -       29,528

Warrants issued as follows:
  - for loan agreements                                                       -        55,352

Expiration of stock options and warrants                                      -             -

Interest expense forgiven by shareholders                                     -        42,950

Net loss for the year ended September 30, 2002                                -    (1,168,171)
                                                                   -------------  ------------
Balance, September 30, 2002                                                   -    (1,694,046)

Common stock issuances as follows:
  - miscellaneous common stock adjustment                                     -           296
  - for cash at $0.10 per share                                               -       550,000
  - for consulting services at an average of $0.15 per share                  -       261,000
  - for loans payable at an average of $0.10 per share                        -        36,917
  - for prior period services at an average of $.13 per share                 -        33,000
  - for investments at $0.21 per share                                        -        93,168
  - to officers and directors for services at $.10 per share                  -       143,256
  - penalty shares at $.26 per share                                          -       223,600

Change in market value of investments                                     1,800         1,800

Net loss for the year ended September 30, 2003                                -      (966,958)
                                                                   -------------  ------------
Balance, September 30, 2003                                        $      1,800   $(1,317,968)
                                                                   -------------  ------------


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


                                        7
<PAGE>
<TABLE>
<CAPTION>
                                                       TREND MINING COMPANY
                                                  (AN EXPLORATION STAGE COMPANY)
                                     STATEMENT OF STOCKHOLDERS' EQUITY (DEFICIT) (CONTINUED)


                                                                      Common Stock
                                                                   --------------------  Additional      Stock
                                                                     Number                Paid-in    Options and     Accumulated
                                                                   of Shares    Amount     Capital      Warrants       Deficit
                                                                   ----------  --------  -----------  ------------  --------------
<S>                                                                <C>         <C>       <C>          <C>           <C>

Balance, September 30, 2003                                        33,229,085  $332,291  $ 6,246,963  $ 1,383,042   $  (9,282,064)

Change in market value of investments                                       -         -            -            -               -

Net loss for the period ended December 31, 2003 (unaudited)                 -         -            -            -        (109,312)
                                                                   ----------  --------  -----------  ------------  --------------

Balance, December 31, 2003 (unaudited)                             33,229,085  $332,291  $ 6,246,963  $ 1,383,042   $  (9,391,376)
                                                                   ==========  ========  ===========  ============  ==============


                                                                       Other
                                                                   Comprehensive
                                                                   Income (Loss)      Total
                                                                   -------------  ------------
<S>                                                                <C>            <C>

Balance, September 30, 2003                                        $      1,800   $(1,317,968)

Change in market value of investments                                   (15,900)      (15,900)

Net loss for the period ended December 31, 2003 (unaudited)                   -      (109,312)
                                                                   -------------  ------------

Balance, December 31, 2003 (unaudited)                             $    (14,100)  $(1,443,180)
                                                                   =============  ============


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




                                        8
<PAGE>
<TABLE>
<CAPTION>
                                                  TREND MINING COMPANY
                                             (AN EXPLORATION STAGE COMPANY)
                                                STATEMENTS OF CASH FLOWS


                                                                                                         Period from
                                                                                                       October 1, 1996
                                                                                                        (Inception of
                                                                       Three Months    Three Months   Exploration Stage)
                                                                          Ended            Ended              to
                                                                       December 31,    December 31,      December 31,
                                                                           2003            2002              2003
                                                                       (unaudited)      (unaudited)      (unaudited)
                                                                     ----------------  -------------  ------------------
<S>                                                                  <C>               <C>            <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
  Net loss                                                                  (109,312)       (91,924)         (8,832,872)
  Adjustments to reconcile net loss to net cash
      used by operating activities:
    Depreciation                                                                 689          2,728              49,665
    Loss on investment sales                                                       -              -              28,236
    Loss on disposition and impairment of assets                                   -              -             185,891
    Gain on sale of mineral property claims for securities                         -              -                (500)
    Gain on trade-in of property and equipment                                     -              -              (7,872)
    Gain on forgiveness of debt                                                    -       (122,354)           (122,354)
    Interest expense forgiven by shareholders                                      -              -              23,566
    Common stock issued for services
      and expenses                                                                 -         81,119             927,549
    Common stock issued for payables                                               -              -              68,812
    Common stock and options issued as compensation                                -              -             864,375
    Stock options and warrants issued for financing activities                     -              -             822,257
    Common stock issued for investments                                            -              -              93,168
    Common stock and warrants issued to acquire mineral
      property options                                                             -              -           1,114,873
    Warrants issued for consulting fees                                            -              -             170,521
    Common stock issued for incentive fees                                         -              -              21,544
    Investment traded for services                                                 -              -              45,939
  Changes in assets and liabilities:
    Inventory                                                                      -              -               3,805
    Accounts payable                                                          10,040       (248,191)            249,820
    Accounts payable - checks in excess of bank balance                       (3,297)             -                   7
    Accrued expenses                                                          46,227        (15,329)            (27,958)
    Interest payable                                                          18,903         20,827             125,432
                                                                     ----------------  -------------  ------------------
  Net cash used by operating activities                                      (36,750)      (373,124)         (4,196,096)
                                                                     ----------------  -------------  ------------------

CASH FLOWS FROM INVESTING ACTIVITIES:
    Proceeds from sale of equipment                                                -              -              35,125
    Proceeds from sale of mineral property                                         -              -              20,000
    Purchase of furniture and equipment                                            -              -             (41,695)
    Proceeds from investments sold                                                 -              -             143,515
                                                                     ----------------  -------------  ------------------
  Net cash provided by investing activities                                        -              -             156,945
                                                                     ----------------  -------------  ------------------

CASH FLOWS FROM FINANCING ACTIVITIES:
    Payments on notes payable and short-term borrowings                            -           (985)            (12,056)
    Sale of warrants for common stock                                              -              -              10,000
    Proceeds from short-term borrowings                                       40,000              -           1,461,657
    Sale of common stock, subscriptions
    and exercise of options                                                        -        525,000           2,358,151
    Issuance of penalty shares                                                     -              -             223,600
                                                                     ----------------  -------------  ------------------
  Net cash provided by financing activities                                   40,000        524,015           4,041,352
                                                                     ----------------  -------------  ------------------

NET INCREASE IN CASH                                                           3,250        150,891               2,201

CASH, BEGINNING OF PERIOD                                                      2,558          2,281               3,607
                                                                     ----------------  -------------  ------------------

CASH, END OF PERIOD                                                            5,808        153,172               5,808
                                                                     ================  =============  ==================


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


                                        9
<PAGE>
                                                  TREND MINING COMPANY
                                             (AN EXPLORATION STAGE COMPANY)
                                                STATEMENTS OF CASH FLOWS


                                                                                                         Period from
                                                                                                       October 1, 1996
                                                                                                        (Inception of
                                                                       Three Months    Three Months   Exploration Stage)
                                                                          Ended            Ended              to
                                                                       December 31,    December 31,      December 31,
                                                                           2003            2002              2003
                                                                       (unaudited)      (unaudited)      (unaudited)
                                                                     ----------------  -------------  ------------------
<S>                                                                  <C>               <C>            <C>

SUPPLEMENTAL CASH FLOW INFORMATION:
  Interest paid                                                      $             -   $        323   $           3,835
  Income taxes paid                                                  $             -   $          -   $               -

NON-CASH FINANCING AND INVESTING ACTIVITIES:
  Common stock and warrants issued to acquire
    mineral properties                                               $             -   $          -   $         344,873
  Common stock issued to acquire mineral property                    $             -   $          -   $         845,000
  Common stock issued for acquisition of
    mining equipment                                                 $             -   $          -   $         180,000
  Common stock issued for services and expenses                      $             -   $          -   $         927,549
  Common stock issued for investment                                 $             -   $          -   $          93,168
  Common stock issued for debt                                       $             -   $     42,500   $          68,812
  Common stock issued for incentive fees                             $             -   $          -   $          21,544
  Common stock and options issued as compensation                    $             -   $          -   $         691,591
  Options issued to officers, directors and employees for services   $             -   $          -   $         864,375
  Stock options  and warrants issued for financing activities        $             -   $          -   $         822,257
  Warrants issued for consulting fees                                $             -   $          -   $         170,521
  Deferred acquisition costs on mining property                      $             -   $          -   $          46,242
  Purchase of equipment with financing agreement                     $             -   $          -   $          21,814
  Investments received for mineral property                          $             -   $          -   $           5,500
  Investments traded for services                                    $             -   $          -   $          45,939
  Equipment for loans payable                                        $             -   $          -   $           4,500




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


                                       10
<PAGE>
                              TREND MINING COMPANY
                          (AN EXPLORATION STAGE COMPANY)
                   CONDENSED NOTES TO THE FINANCIAL STATEMENTS
                                DECEMBER 31, 2003

NOTE 1 - BASIS OF PRESENTATION OF UNAUDITED INTERIM FINANCIAL INFORMATION

The accompanying unaudited financial statements have been prepared in accordance
with  accounting  principles  generally accepted in the United States of America
for  interim  financial statements and with instructions to Form 10-QSB pursuant
to  the  rules  and  regulations  of  the  Securities  and  Exchange Commission.
Accordingly,  they  do not include all of the information required by accounting
principles  generally  accepted  in  the  United  States of America for complete
financial  statements.

The  accompanying  financial  statements  should be read in conjunction with the
audited  financial statements of the Company included in the Company's September
30,  2003  Annual  Report  on  Form  10-KSB.

In  the  opinion  of  management,  all  adjustments,  consisting  only of normal
recurring  accruals  considered  necessary  for  a  fair presentation, have been
included.  The  results  of operations for the three-month period ended December
31,  2003 are not necessarily representative of operating results to be expected
for  the  entire  fiscal  year.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

This  summary  of  significant  accounting  policies  is  presented to assist in
understanding  the Company's financial statements.  The financial statements and
notes  rely on the integrity and objectivity of the Company's management.  These
accounting  policies  conform to accounting principles generally accepted in the
United  States  of America and have been consistently applied in the preparation
of  the  financial  statements.

Estimates
---------
The preparation of financial statements in conformity with accounting principles
generally  accepted  in the United States of America requires 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.

Going  Concern
--------------
As shown in the accompanying financial statements, the Company has limited cash,
has  negative  working  capital,  has  no  revenues,  has incurred a net loss of
$53,909 for the period ended December 31, 2003 and has an accumulated deficit of
$9,335,973.  These  factors  indicate that the Company may be unable to continue
in  existence  in  the  absence  of receiving additional funding.  The financial
statements  do  not  include  any  adjustments related to the recoverability and
classification  of  recorded  assets,  or  the  amounts  and  classification  of
liabilities  that might be necessary in the event the Company cannot continue in
existence.  The  Company  is  actively  seeking  additional capital.  Management
believes  that additional stock can be sold to enable the Company to continue to
fund  its  property acquisition and platinum group metals exploration activities
and thus, to continue to operate based on current expense projections.  However,
management  is  unable  to  provide  assurances  that  it  will be successful in
obtaining  sufficient  sources  of  capital.

Reclassification
----------------
Certain  amounts  from  prior  periods  have been reclassified to conform to the
current  period  presentation.  These reclassifications have not resulted in any
changes to the Company's accumulated deficit or net losses presented.


                                       11
<PAGE>
                              TREND MINING COMPANY
                          (AN EXPLORATION STAGE COMPANY)
                   CONDENSED NOTES TO THE FINANCIAL STATEMENTS
                                DECEMBER 31, 2003

NOTE 3 - RELATED PARTY TRANSACTIONS

Notes Payable - Related Parties
-------------------------------
The  following is a listing of loan amounts due to related parties (all of which
are unsecured) and the dates that these loans were made to the Company:

     Name                                      Date         Amount
     -------------------------------------  -----------  -----------

     Electrum LLC                               11/6/00  $    35,000
                                                12/4/00      100,000
                                               12/18/00       50,000
                                                1/26/01       50,000
                                                3/15/01       50,000
                                                4/10/01       50,000
                                                 5/4/01       50,000
                                                 6/4/01       50,000
                                                 7/3/01       85,000
                                                1/31/02      150,000
                                                         -----------
                                                             670,000
                                                         -----------

     LCM Holdings, LLC                       10/26/2001       50,000
                                              11/1/2001       10,000
                                             11/15/2001       30,000
                                             11/28/2001       29,445
                                               5/7/2002       60,000
                                              5/22/2002       35,000
                                              6/14/2002       18,412
                                                         -----------
                                                             232,857
                                                         -----------

     Berger                                   8/28/2001       90,000
                                              10/2/2001       10,000
                                                         -----------
                                                             100,000
                                                         -----------

     Buchanan                                  1/8/2002       30,000

     CGT Management                           8/29/2003       65,000

     Western Goldfields, Inc.                 10/6/2003       40,000
                                                         -----------

     Total notes payable - related parties               $ 1,137,857
                                                         ===========


On  October  6,  2003  Western Goldfields Inc., loaned the Company $40,000.  The
loan  bears no interest and was to be repaid in 90 days.  On January 5, 2004 the
parties agreed to extend the repayment date to March 6, 2004.


                                       12
<PAGE>
                              TREND MINING COMPANY
                          (AN EXPLORATION STAGE COMPANY)
                   CONDENSED NOTES TO THE FINANCIAL STATEMENTS
                                DECEMBER 31, 2003

NOTE  4  -  INVESTMENTS

The  Company's  securities  investments are classified as trading securities and
are recorded at fair value as of the balance sheet date, with the change in fair
value  during  the  period  included  in  earnings.

The Company's investments are summarized as follows:

<TABLE>
<CAPTION>
                                               December 31,    September 30,
                                                   2003            2003
                                               -------------  ---------------
<S>                                            <C>            <C>
     Fair value:
          Western Goldfields, Inc.             $      41,400  $       57,300
     Gross unrealized loss / (gain)                   14,100          (1,800)
                                               -------------  ---------------
     Cost                                      $      55,500  $       55,500
                                               =============  ===============
</TABLE>


NOTE  5  -  COMMITMENTS  AND  CONTINGENCIES

Consulting  Agreement
---------------------
On  November  17,  2003, the Company entered into a 12 month business consulting
agreement with LYONS CAPITAL, LLC (hereinafter "Lyons").  Under this term of the
agreement,  the  Company is required to issue 40,000 shares of restricted common
stock  for each month of service plus pay Lyons a cash finder's fee equaling 10%
of  sums  received  from investors whom Lyons introduces to the Company.   As of
December  31,  2003,  the Company has accrued approximately $18,000 for services
under  this  agreement.  These  services  are  expected  to  be paid through the
issuance  of  common stock at a later date.  The Company and Lyons are currently
in  negotiations  regarding  the  continuation  of  this  agreement.

NOTE  6  -  SUBSEQUENT  EVENTS

Warrant  Restructuring
----------------------
On  February  12,  2004,  the Company and Electrum and LCM Holdings (hereinafter
"the  Kaplan  Parties  or  "the  Lenders")  finalized an agreement to adjust the
conversion terms on approximately $900,000 worth of debt outstanding to them and
the  exercise  prices  of related warrants.  Per the terms of the agreement, the
Lenders  can  convert each $1.25 of loans into a unit consisting of one share of
Common Stock and warrant.  The warrant is exercisable for a period of five years
from  the  date  of  conversion  and  is  exercisable  at  a  price  of  $1.50.

Furthermore, also on February 12, 2004 the Company reached an agreement with the
Kaplan Parties concerning certain prior stock transactions, which will result in
the  Company  receiving  the  benefit  of $210,194 of short swing profits during
2004.


                                       13
<PAGE>
ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS

Our losses for the three-month period ended December 31, 2003, were $125,212.
These losses increased our accumulated deficit since inception of the current
exploration stage to $8,832,872. Our total loss since inception of the company
is $9,391,376. Our third quarter loss is due primarily to general operating
expenses of $90,666 and interest expenses of $18,846.

Our operating cash at the end of the quarter totaled $5,808. We also have equity
securities which are of limited liquidity and which we have began selling in
order to raise additional operating capital. At December 31, 2003, the market
value of such securities was $41,400. We intend to sell the balance of these
securities over the next three months to assist with funding the operations of
the Company.

The Company needs approximately $20,000 per month to cover its general and
administrative expenses, accounting and legal fees, as well as payments made to
creditors pursuant to payment arrangement plans.

We intend to seek additional financing from the public or private debt or equity
markets to continue our business activities. Under our Delaware certificate of
incorporation, we have 100,000,000 authorized shares of common stock and are
authorized to issue 20,000,000 shares of preferred stock. We currently have no
preferred shares issued and outstanding.

There can be no assurance that our efforts to obtain additional financing will
be successful. Further, there can be no assurance that additional financing will
be available on terms acceptable to the Company.


ITEM  3.  CONTROLS AND PROCEDURES.

(a)   Evaluation of disclosure controls and procedures. Within the 90 days prior
      to the filing of this Quarterly Report on Form 10-Q (the "Evaluation
      Date"), the Company carried out an evaluation, under the supervision and
      with the participation of its management, including its Chief Executive
      Officer and its Chief Financial Officer, of the effectiveness of the
      design and operation of the Company's disclosure controls and procedures
      (as defined in Rules 13a-14(c) and 15d-14(c) under the Exchange Act).
      Based upon that evaluation, the Company's Chief Executive Officer and its
      Chief Financial Officer concluded that the Company's disclosure controls
      and procedures are effective to ensure that material information required
      to be disclosed by it in the reports that it files or submits under the
      Exchange Act is recorded, processed, summarized and reported within the
      time periods specified in the Securities and Exchange Commission rules and
      forms. It should be noted, however, that the design of any system of
      controls is based in part upon certain assumptions about the likelihood of
      future events, and there can be no assurance that any design will succeed
      in achieving its stated goals under all potential future conditions,
      regardless of how remote.

(b)   Changes in internal controls. The Company evaluates its internal controls
      for financial reporting purposes on a regular basis. Based upon the
      results of these evaluations, the Company considers what revisions,
      improvements and/or corrective actions are necessary in order to ensure
      that its internal controls are effective. The Company is currently in the
      process of improving internal controls relating to transmittal of its
      financial information to its accountants in a more timely manner. To
      achieve this goal, the Company is implementing on a company-wide basis a
      computerized system which will automate the process of collection of
      financial data. The Company maintains separate bank accounts in two


                                       14
<PAGE>
      locations and is implementing changes to allow consolidation of its
      banking accounts to one location, which will also allow the use of tighter
      security standards with respect to signing of company checks. Pending full
      implementation of these improvements, the Company has instituted
      additional procedures and policies to maintain its ability to accurately
      record, process and summarize financial data and prepare financial
      statements that fully present its financial condition, results of
      operations and cash flows.

     The  Company  has  not  made any other significant changes in the Company's
internal  controls  or  in  other  factors that could significantly affect these
controls  subsequent  to  the  date  of  their  last  evaluation.


FORWARD-LOOKING STATEMENTS

     This  Form  10-QSB  contains  forward-looking  statements  that  involve
substantial risks and uncertainties.  Investors and prospective investors in our
common  stock  can  identify  these  statements by forward-looking words such as
"may,"  "will,"  "expect,"  "intend,"  "anticipate,"  believe,"  "estimate,"
"continue"  and other similar words.  Statements that contain these words should
be read carefully because they discuss our future expectations, make projections
of our future results of operations or of our financial condition or state other
"forward-looking"  information.

     We  believe  that it is important to communicate our future expectations to
our  investors.  However, there may be events in the future that we are not able
to  predict  accurately  or control. The factors listed in the section captioned
"Management's  Discussion  and  Analysis  or  Plan of Operation," as well as any
cautionary  language  in  this  Form  10-QSB,  provide  examples  of  risks,
uncertainties  and events that may cause our actual results to differ materially
from  the  expectations we describe in our forward-looking statements. Investors
and  prospective  investors  in  our  common  stock  should  be  aware  that the
occurrence  of the events described in the "Management's Discussion and Analysis
or  Plan  of  Operation"  section and elsewhere in this Form 10-QSB could have a
material  adverse  effect  on  our  business,  operating  results  and financial
condition.


PART II

ITEM 1.   LEGAL PROCEEDINGS.

Nevada Southwest Investments LLC, dba Reno Business Park, obtained a judgment
against the Company in the Second Judicial District, Washoe County, Nevada to
collect the amount of $17,608.29 due under a rental lease agreement for office
space the Company chose to vacate. The Company did not contest this action since
it had no basis to do so. This court judgment, unless paid, may ultimately
result in liens against the Company bank account, other Company assets, or the
mineral properties held by the Company. Such liens may have the impact of
reducing the capability of the Company to remain as a going concern. The Company
is currently negotiating with the counsel of the creditor to make suitable
payment arrangements to pay this judgment over time. The creditor is seeking to
schedule a debtors exam hearing in the State of Idaho at the time of this
report.

We are unaware of any other legal proceedings involving the Company at this
time. However, because we have accounts payable, some of which are overdue, it
is possible that at anytime creditors of the Company could take action to
collect such amounts due.


                                       15
<PAGE>
ITEM 2.   CHANGES IN SECURITIES AND USE OF PROCEEDS.


     We had 33,229,085 shares of common stock issued and outstanding as of
December 31, 2003.

     Common Stock
     ------------

          None issued during the reporting period


     Options
     -------

          None issued during the reporting period. See Note 5 of the "Notes to
Financial Statements of the most recent 10KSB of the Company for a further
discussion and explanation of the options outstanding.

     Warrants
     --------

          None issued during the reporting period. See Note 5 of the "Notes to
Financial Statements of the most recent 10KSB of the Company for a further
discussion and explanation of the warrants outstanding.


ITEM  3.  DEFAULTS  UPON  SENIOR  SECURITIES.

          None.

ITEM  4.  SUBMISSION  OF  MATTERS  TO  A  VOTE  OF  SECURITY  HOLDERS.

          None.

ITEM  5.  OTHER  INFORMATION.

          None.

ITEM  6.  EXHIBITS  AND  REPORTS  ON  FORM  8-K.

          (a)  Exhibits

          None.

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

          (b)  Reports on Form 8-K.

          None


                                       16
<PAGE>
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.

TREND  MINING  COMPANY


Dated:  February 19, 2004
By:     /s/  Kurt J. Hoffman
        -------------------------
        Kurt J. Hoffman
        President and Chief Executive Officer
        (Principal Executive Officer)


Dated:  February 19, 2004
By:     /s/  John P. Ryan
        -------------------------
        John P. Ryan
        Chief Financial Officer




                                       17
<PAGE>