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UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C.
20549

FORM 10-Q/A(Amendment No.
1)

(Mark One)

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

For the quarterly period ended March 31, 2013

[   ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE
ACT

For the transition period from _____ to _______

Commission File Number: 001-12974

SANTA FE GOLD
CORPORATION(Exact name of registrant as specified in its
charter)

|Delaware                        | 84-1094315         
|------------------------------- | -------------------
|(State or other jurisdiction of | (I.R.S. Employer   
|incorporation or organization)  | Identification No.)

6100 Uptown Blvd., NE, Suite 600, Albuquerque, NM
87110(Address of principal executive offices)(Zip Code)

Registrant's telephone number including area code: (505)
255-4852

N/AFormer name, former address, and former
fiscal year, if changed since last report

Indicate by check mark whether the registrant (1) filed all
reports required to be filed by Section 13 or 15(d) of the Securities Exchange
Act of 1934 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 [ x ] No [   ]

Indicate by check mark whether the registrant is a large
accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller
reporting company. See definition of large accelerated filer, accelerated
filer and smaller reporting company in Rule 12b-2 of the Exchange Act. Check
one:

|Larger accelerated filer [   ]                | Accelerated filer [ x ]        
|--------------------------------------------- | -------------------------------
|Non-accelerated filer [   ]                   | Smaller reporting company [   ]
|(Do not check if a smaller reporting company) |                                

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Indicate by check mark whether registrant is a shell company
(as defined in Rule 12b-2 of the Exchange Act). 
Yes [   ] No[ x ]

Indicate the number of shares outstanding of each of the
issuers classes of common stock, as of the latest practicable date: 117,599,598
shares outstanding as of May 10, 2013.

EXPLANATORY NOTE

Santa Fe Gold Corporation (we,
our or the Company) is filing this Amendment No. 1 to its Form 10-Q for the
fiscal quarter ended March 31, 2013, which was originally filed with the
Securities and Exchange Commission (SEC) on May 10, 2013. This Amendment No. 1
to Form 10-Q should be read in conjunction with the Form 10-K and the Companys
subsequent reports filed with the SEC. Except for the information specifically
amended and restated herein, this form 10-Q/A has not been updated to reflect
events, results or developments that occurred after the date of the original
Form 10-Q nor does it change any other disclosures contained in the original
Form 10-Q.

This Amendment No. 1 incorporates
amendments to our Form 10-Q as follows:

PART I

FINANCIAL INFORMATION

ITEM 4  CONTROLS AND PROCEDURES

We maintain disclosure controls
and procedures (as defined in Rules 13a-15(d) and 15d-15(e) under the
Securities and Exchange Act of 1934, as amended (the Exchange Act)) that are
designed to ensure that information required to be disclosed by us in the
reports that we file or submit under the Exchange Act recorded, processed,
summarized and reported, within the time periods specified in the Securities and
Exchange Commission's rules and forms, and that our disclosure controls and
procedures are effective in alerting management on a timely basis to material
information required to be disclosed in our periodic reports. Under the
supervision of, and the participation of our management, our Chief Executive
Officer and Principal Financial Officer, or persons performing similar
functions, has conducted an evaluation of our disclosure controls and procedures
as of March 31, 2013. This evaluation included certain areas in which we have
made, and are continuing to make, changes to improve and enhance controls. In
this regard, we have identified a material weaknesses in our internal controls
in that we did not include a separate shareholder advisory vote in our 2011
proxy statements to approve the compensation of our named executive officers
(say-on-pay vote) as required by Rule 14a-21 under the Exchange Act. We have
taken corrective action by including a vote on a say-on-pay vote in our Proxy
Statement for our Annual Stockholders Meeting to be held August 6, 2013. In
addition, we have adopted a policy that outside securities counsel review all of
our federal securities law filings to ensure compliance therewith.

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Based on this evaluation, our
Chief Executive Officer and Chief Financial Officer has concluded that our
disclosure controls and procedures are effective in providing reasonable
assurance that information required to be disclosed by us in reports we file
with the Securities and Exchange Commission is recorded, processed, summarized
and reported within the time periods required, and are effective in alerting
management on a timely basis to material information required to be disclosed in
our periodic reports.

During the quarter ended March
31, 2013, there were no changes in our internal controls over financial
reporting that have materially affected, or are reasonably likely to materially
affect, our internal controls over financial reporting.

ITEM 6. EXHIBITS

(a) The following exhibits are filed as part of this
report:

|31.1 | Certification of Principal Executive Officer pursuant to
  Rule 13a-14a and Rule 15d-14(a).                         
|---- | --------------------------------------------------------------------------------------------------------------------
|     |                                                                                                                     
|31.2 | Certification of Chief Financial Officer pursuant to Rule
      13a-14a and Rule 15d-14(a).                         
|     |                                                                                                                     
|32.1 | Certification of Principal Executive Officer and Chief
      Financial Officer pursuant to 18 U.S.C.  Section
1350.

SIGNATURES:

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

|Date: July 2, 2013 | /s/ W. Pierce Carson                              
|------------------ | --------------------------------------------------
|                   | W. Pierce Carson                                  
|                   | Chief Executive Officer,
      President, Director
|                   | and Chairman of the Board                         
|                   |                                                   
|                   | /s/ Michael P. Martinez                           
|                   | Michael P. Martinez                               
|                   | Chief Financial Officer                           
|                   | (Principal Accounting
      Officer)              

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