SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D. C. 20549

                                 FORM 10-QSB

        QUARTERLY REPORT UNDER SECTION 13 OR 15(d)OF THE SECURITIES
                                  EXCHANGE
                                 ACT OF 1934

                 For the quarterly period ended September 30, 2003

                          NEW JERSEY MINING COMPANY
                          --------------------------
                (Name of small business issuer in its charter)

IDAHO                                                82-0490295
---------------------------            -----------------------------------
(State or other jurisdiction           (I.R.S. Employer Identification No.)
of incorporation or organization)

P.O. Box 1019     (Street: 89 Appleberg Road)
Kellogg, Idaho                                                  83837
-------------------------------------------                -----------
(Address of principal executive offices)                     (Zip Code)

(208)783-3331
---------------------------
Issuer's telephone number


           Securities registered under Section 12(b) of the  Act: None

      Common                                      OTCBB
-------------------                   ------------------------------
Title of each class              Name of each exchange on which registered


            Securities registered under Section 12(g) of the Act:

                      Common Stock- No Par Value
                       --------------------------
                            Title of Class

Check whether the issuer (1) has filed all reports required to be filed by
Section 13 or 15(d) of the Exchange Act during the past 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   XX   No       .
    ------    ------


The number of outstanding shares of the registrant's common stock at
September 30, 2003 was   17,262,690 shares
                         -----------------


<PAGE>                                i


                           TABLE OF CONTENTS
                                                                        Page
                     PART I - FINANCIAL INFORMATION

Item 1.  Financial Statements                                              1
Item 2.  Management's Discussion and Analysis                              1

                      PART II - OTHER INFORMATION

Item 1.  Legal Proceedings                                                 2
Item 2.  Changes in Securities                                             2
Item 3.  Defaults Upon Senior Securities                                   2
Item 4.  Submission of Matters to a Vote of Security Holders               2
Item 5.  Other Information                                                 3
Item 6.  Exhibits and Reports on Form 8-K                                  3




<PAGE>                                ii


                                    PART I

                                    ITEM 1.

                             FINANCIAL STATEMENTS


The unaudited financial statements of the Company for the periods covered by
this report are included elsewhere in this report, beginning at page F/S-1.
The unaudited financial statements have been prepared by the Company in
accordance with generally accepted accounting principles for interim
financial information with the instructions to Form 10-QSB and Item 310(b) of
Regulation S-B.  Accordingly, they do not include all of the information and
footnotes required by generally accepted accounting principles for complete
financial statements.  In the opinion of the Company's management, all
adjustments (consisting of normal recurring accruals) considered necessary
for a fair presentation have been included. Operating results for the nine
month period ended September 30, 2003 are not necessarily indicative of the
results that may be expected for the full year ending December 31, 2003.

For further information refer to the financial statements and footnotes
thereto in the Company's Annual Report on Form 10-KSB for the year ended
December 31, 2002 incorporated by reference herein.

                                  ITEM 2.

         MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
                          AND PLAN OF OPERATIONS

The Company's financial condition and operations were similar for the first 9
months of 2003 as for the same period of  2002 but were diminished for the
comparable third quarter periods.  No new capital from financing activities
was received in the third quarter of 2003 so exploration activities were
limited compared to the corresponding period of 2002.  The cash balance at
the end of the third quarter of 2003 was $16,300 compared to $110,684 for the
corresponding quarter of 2002.  Because of current financing activities in
the fourth quarter of 2003, it is anticipated that exploration activities
will begin to increase in the fourth quarter of 2003.  Operating and
administrative expenses were $57,000 in the third quarter of 2003, partially
due to the write-off of goodwill, compared to $4,361 in the third quarter of
2002 even though operating activities were at a reduced level in the current
quarter.

During the third quarter of 2003, management compared the fair value of its
net assets held as a result of the Plainview Mining Company merger and
determined that an impairment charge should be recorded against the carrying
value of its goodwill.  As a result, and in accordance with the provisions of
FASB 142 "Goodwill and Other Intangible Assets", an impairment charge of
$30,950 was recognized during the third quarter.

In the current quarter funds used for exploration caused the deferred
development account to increase slightly from $358,000 to $377,000.

Plan Of Operations

The Company presently relies upon financing activities to meet operating and
administrative expenses as well as for exploration activities.  Permitting of
a mining operation at the Silver Strand mine is underway, but expenditures


<PAGE>                                1


for development of the mine are not contemplated for 2003 because of the
anticipated delay of the permitting effort.  Expenditures for permitting will
probably be less than $10,000 in 2003.

Improvements to the New Jersey mill to include the flotation process may
commence in the next 6 months depending on the success of financing
activities.

Production of ore from the New Jersey mine may occur in 2004 but higher gold
and silver prices will be required for production from the open pit mine.

Formal agreements have been signed to enable exploration to commence at the
Golden Chest mine, but funds from financing activities are required before
starting such activities.

The company is involved in exploring for and developing gold, silver and base
metal ore resources in the Coeur d'Alene Mining District of northern Idaho.
The Company has a portfolio of six mineral properties in the Coeur d'Alene
Mining District: the New Jersey mine, the Silver Strand mine, the Golden
Chest mine, the Lost Eagle project, the CAMP project and the Enterprise
project.

For a more complete description of the Company's properties refer to the
Company's Annual Report on Form 10-KSB for the year ended December 31, 2002.

                                  PART II

                                  ITEM 1.

                             LEGAL PROCEEDINGS

The Company is not currently involved in any legal proceedings and is not
aware of any pending or potential legal actions.

                                  ITEM 2.

                           CHANGES IN SECURITIES

Neither the constituent instruments defining the rights of the registrant's
security holders nor the rights evidenced by the registrant's outstanding
common stock have been modified, limited or qualified.

                                  ITEM 3.

                      DEFAULTS UPON SENIOR SECURITIES

The registrant has no outstanding senior securities.

                                  ITEM 4.

              SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

The Annual Meeting of shareholders was held on September 25, 2003 at the
Company's offices in Kellogg, Idaho. Of 17,262,690 common shares eligible to
vote, a majority, 9,777,442 shares, voted in favor of each of the following
proposals: 1)The following directors were elected to one year terms or until
a successor is elected and qualified: Charles Asher, Fred Brackebusch, Grant
Brackebusch, Ron Eggart and M. Kathy Sims. 2)The Articles of Incorporation


<PAGE>                                2


were amended to increase the authorized no par value common stock of the
Company from 20,000,000 to 50,000,000 shares. No other business was conducted
at the Annual Meeting.

                                  ITEM 5.

                             OTHER INFORMATION


                                  ITEM 6.

                      EXHIBITS AND REPORTS ON FORM 8-K

Exhibits

31.1          Certification by Chief Executive Officer and Chief Financial
              Officer pursuant to Section 302 of the Sarbanes-Oxley Act of
              2002.

32.1          Certification by Chief Executive Officer and Chief Financial
              Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant
              to Section 906 of the Sarbanes-Oxley Act of 2002

Reports on Form 8-K

The Company filed a Form 8-K on September 29, 2003 concerning the results of
votes on proposals at the Annual Meeting of Shareholders.


<PAGE>                                3


                         NEW JERSEY MINING COMPANY

                       INDEX TO FINANCIAL STATEMENTS

                                                                        Page

Balance Sheets as of September 30, 2003 and December 31, 2002.          F/S-1

Statements of Operations for the three and nine month periods
ended September 30, 2003 and 2002.                                      F/S-2

Statements of Cash Flow for the nine month period ended
September 30, 2003 and 2002.                                            F/S-3

Notes to Interim Financial Statements                                   F/S-4

<TABLE>

                          NEW JERSEY MINING COMPANY
                               BALANCE SHEET

ASSETS

                                        September 30     December 31
                                            2003            2002
                                          --------       ---------
       <S>                              <C>           <C>
       Current Assets
              Cash                       $   16,271      $   40,436

       Property & Equipment
              Building                   $   35,911      $   35,301

              Equipment                  $  246,536      $  246,536

              Mining Equipment           $    5,504               0

       Other Assets
              Capitalized Development
              Costs                      $  377,042      $  256,952

              Investment in LumaLite,
              Inc.                       $    3,000      $    3,000

              Investment in Mining
              Claims                     $  470,204      $  470,204

              Mining Reclamation Bond    $    2,347      $    2,301

              Goodwill                   $        0      $   30,950

       Total Assets                      $1,156,815      $1,085,680
</TABLE>

<TABLE>
LIABILITIES AND STOCKHOLDERS EQUITY
       <S>                              <C>           <C>
       Current Liabilities

             Accounts Payable &
             accrued expenses           $   18,792        $   7,926

             Current Maturities of
             Capital Lease Obligations  $        0        $       0

       Total Current Liabilities        $   18,792        $   7,926

       Capital Lease Obligations
       (less current maturities)        $        0        $       0

       Total Liabilities                $   18,792        $   7,926

       Stockholders Equity

       Preferred Stock
       No shares issued

       Common Stock
       No Par Value, 50,000,000 shares authorized

       2003 September 30, 2003
       17,262,690 Issued                $1,540,917

       2002 December 31, 2002
       16,636,175 Issued                                  $1,390,918

       Treasury Stock                   $ (136,300)       $ (136,300)
       (1,947,744 shares)

       Retained Earnings                $ (101,984)       $  (50,678)

       Accumulated Deficit              $  (74,879)       $  (74,879)

       Net Loss                         $  (89,731)       $  (51,307)

       Total Stockholders Equity        $1,138,023        $1,077,754

       Total Liabilities and
       Stockholders Equity              $1,156,815        $1,085,680
</TABLE>

<PAGE>                                   F/S-1


<TABLE>
                                STATEMENT OF OPERATIONS
                              For the Three and Nine month
                          Periods Ending September 30, 2003 and 2002.

                                         September 30, 2003       September 30, 2002
                                       ----------------------    ---------------------
                                        Three          Nine        Three       Nine
                                        Months        Months      Months      Months
                                       --------      -------     --------     -------
<S>                                    <C>         <C>          <C>         <C>
Revenues                                $  1,800    $  2,462     $    559    $  3,407

Operating and Administrative Expenses   $ 57,076    $ 92,194     $  4,361    $ 43,932

Net Income from Operations(Loss)        $(55,276)   $(89,732)    $( 3,802)   $(40,525)

Net Gain (Loss)                         $(55,276)   $(89,732)    $( 3,802)   $(40,525)

Basic Earnings (Loss) Per Share         $    nil    $    nil     $    nil    $    nil

</TABLE>

<PAGE>                                   F/S-2


<TABLE>
                             STATEMENT OF CASH FLOWS
                             For the nine months Ending

                                          September 30     September 30
                                            2003              2002
                                          --------          --------
<S>                                       <C>                <C>
INCREASE (DECREASE) IN CASH

Cash Flows From Operating Activities
       Net Income (Loss)                  $(89,732)       $ (40,525)

Adjustment to reconcile net loss
to net cash used in Operating Activities:

       Decrease in accounts
       payable and accrued expenses      $  10,867        $    (570)

       Write-off of Goodwill             $  30,950

       Net cash from operating
       activities                        $ (47,915)       $ (41,095)

Cash Flows From Investing Activities

       Additions to Property and
       equipment                         $  (6,114)       $  (1,407)

       Capitalized Development           $(120,090)       $ (96,000)

       Increase in Reclamation Bond      $     (46)       $    (104)

       Net cash from investing
       activities                        $(126,250)       $ (97,511)

Cash Flows From Financing Activities

       Sale of Common Stock              $ 150,000        $ 255,000

       Principal Payments on capital
       lease obligations                 $       0        $  (5,921)

       Net cash provided by
       financing activities              $ 150,000        $ 249,079

Net Increase (Decrease)in Cash           $ (24,165)       $ 110,473

Cash, Beginning of Period                $  40,436        $     211

Cash, End of Period                      $  16,271        $ 110,684


</TABLE>

<PAGE>                                   F/S-3


                         NEW JERSEY MINING COMPANY

                NOTES TO INTERIM FINANCIAL STATEMENTS - UNAUDITED

These unaudited financial statements have been prepared by the Company in
accordance with generally accepted accounting principles for interim
financial information with the instructions to Form 10-QSB and Item 310(b) of
Regulation S-B.  Accordingly, they do not include all of the information and
footnotes required by generally accepted accounting principles for complete
financial statements.  In the opinion of the Company's management, all
adjustments (consisting of normal recurring accruals) considered necessary
for a fair presentation have been included. Operating results for the nine
month period ended September 30, 2003 are not necessarily indicative of the
results that may be expected for the full year ending December 31, 2003. For
further information refer to the financials statements and footnotes thereto
in the Company's Annual Report on Form 10-KSB for the year ended December 31,
2002 incorporated by reference herein.

Note 1 - Form and Organization

New Jersey Mining Company (the company) is a corporation organized under the
laws of the State of Idaho on  July 18, 1996.  The Company was dormant until
December 31,1996, when all of the assets and liabilities of the New Jersey
Joint Venture ( a partnership) were transferred to the Company in exchange
for 10,000,000 shares of common stock. The New Jersey Joint Venture, a
partnership, was formed in 1994 to develop the New Jersey mine.

Note 2 - Leases of Mining Claims

The Company has been assigned a mining lease with William Zanetti.  The lease
provides for the Company's exploration, development and mining of minerals on
fee land through October 2008 and thereafter as long as  mining operations
are deemed continuous. The lease provides for production royalties of 5% of
net sales of ores or concentrates. Additional production royalties of 1% to
5% are due if gold exceeds $597 per troy ounce. Also, annual advance
royalties totaling $500 are required under the lease. The advance royalties,
charged to expenses as incurred, are accumulated and will be credited against
the production royalty obligations. The lessor may terminate the lease upon
the Company's failure to perform under these terms of the lease.  The Company
may also terminate the lease at any time.

The Company has a mining lease with Mine Systems Design, Inc., its majority
shareholder, which covers approximately 60 acres north of the New Jersey
mine.  The lease has a fifteen year term and calls for a 3% NSR if production
is achieved.  The NSR shall not exceed 10% of the gross proceeds.

The Company has an exploration lease with a mining lease option on the Golden
Chest mine located near Murray, Idaho.  The agreement calls for a 2.5 year
exploration period during which the Company will issue 10,000 shares of
common stock per six month period.  If the mining lease is executed, the
Company would issue 100,000 common shares and pay a sliding scale net smelter
return royalty on gold production which increases with the gold price.  The
royalty is 3% up to $400/oz gold and then increases to a maximum of 6% at
higher gold prices, but the trigger prices for higher royalties will be
adjusted for inflation.  Also, the Company would issue 50,000 common shares
for each 10,000 ounces of gold produced at the Golden Chest.

<PAGE>                                  F/S-4

SIGNATURES

In accordance with the requirements of the Exchange Act, this report has been
signed below by the following persons on behalf of the registrant and in the
capacities and on the dates indicated.

                                      New Jersey Mining Company

Date: November 12, 2003                By /s/  FRED W. BRACKEBUSCH
      -----------------               ---------------------------------
                                      Fred W. Brackebusch, President,
                                      Treasurer & Director


Date: November 12, 2003                By /s/ GRANT A. BRACKEBUSCH
      ------------------              ---------------------------------
                                      Grant A. Brackebusch, Vice President &
                                      Director

<PAGE>                                4