UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB

[x]     QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
        ACT OF 1934
                For the Quarterly Period Ended September 30, 2002

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

                         Commission file number: 1-1701

                           PARK-PREMIER MINING COMPANY
        (Exact name of small business issuer as specified in its charter)

                 UTAH                                 87-6116557
    (State or other jurisdiction of                (I.R.S. Employer
     incorporation or organization)               Identification No.)

       32391 HORSESHOE DRIVE, EVERGREEN, COLORADO               80439
        (Address of principal executive offices)              (Zip Code)

                    Issuer's telephone number: (303) 670-3885

                                 NOT APPLICABLE
         (Former name, former address and former fiscal year, if changed
                               since last report)

State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date:

   2,000,000 shares of common stock, $0.25 par value as of September 30, 2002.

     Transitional Small Business Disclosure Format (check one): Yes    No   X
                                                                   ---     ---

Exhibit index on consecutive page 9             Page 1 of 13 Pages


<page>


                           PARK-PREMIER MINING COMPANY
                           CONSOLIDATED BALANCE SHEETS

                                     ASSETS
<table>
<caption>
                                                                September 30,           December 31,
                                                                     2002                   2001
                                                                 (Unaudited)              (Note 1)
                                                               ---------------        ----------------

                                                            <C>                    <C>
CURRENT ASSETS

    Cash                                                       $       7,632          $       48,768
    Other current assets                                                 550                     199
                                                               ---------------        ----------------
        Total current assets                                           8,182                  48,967

Land and mining claims                                               152,440                 152,441
                                                               ---------------        ----------------

        Total assets                                           $     160,622          $      201,408
                                                               ===============        ================

                      LIABILITES AND STOCKHOLDERS' DEFICIT

CURRENT LIABILITIES

    Accounts payable                                           $       1,000          $        6,264
    Accounts payable - officer                                        28,463                  18,790
    Accrued interest                                                  41,843                  49,813
    Taxes payable                                                      8,859                   4,700
                                                               ---------------        ----------------
        Total current liabilities                                     80,165                  79,567

Convertible notes payable (Note 4)                                   464,925                 415,111
                                                               ---------------        ----------------

        Total liabilities                                            545,090                 494,678

STOCKHOLDERS' DEFICIT

    Common stock, par value $0.25, 2,000,000 shares
     authorized, issued and outstanding                              500,000                 500,000
    Discount on common stock                                        (146,250)               (146,250)
    Additional paid-in capital                                       505,656                 505,656
    Accumulated deficit                                           (1,243,874)             (1,152,676)
                                                               ---------------        ----------------
                                                                    (384,468)               (293,270)
                                                               ---------------        ----------------

        Total liabilities and stockholders' deficit            $     160,622          $      201,408
                                                               ===============        ================

</table>

         The accompanying notes are an integral part of the consolidated
                              financial statements.



                                       2
<page>


                           PARK-PREMIER MINING COMPANY
                      CONSOLIDATED STATEMENTS OF OPERATIONS
                                   (UNAUDITED)

                                               Three                Three
                                               Months               Months
                                               Ended                Ended
                                            September 30,        September 30,
                                                2002                 2001
                                          -----------------    -----------------

EXPENSES
   General and administrative             $         5,662      $           883
   Professional fees                                7,483                3,819
   Property tax expense                             1,302                   --
                                          -----------------    -----------------

Loss from operations                              (14,447)              (4,702)
                                          -----------------    -----------------

OTHER INCOME (EXPENSE)
   Interest income                                     39                  286
   Interest expense                               (13,948)             (12,453)
                                          -----------------    -----------------

(Loss) before income taxes                        (28,356)             (16,869)

Provisions for income taxes                            --                   --
                                          -----------------    -----------------

Net (loss)                                $       (28,356)     $       (16,869)
                                          =================    =================

Net (loss) per share                      $          (.01)     $          (.01)
                                          =================    =================

Weighted average shares outstanding             2,000,000            2,000,000
                                          =================    =================




         The accompanying notes are an integral part of the consolidated
                             financial statements.

                                       3

<page>


                           PARK-PREMIER MINING COMPANY
                      CONSOLIDATED STATEMENTS OF OPERATIONS
                                   (UNAUDITED)

                                                   Nine               Nine
                                                  Months             Months
                                                  Ended              Ended
                                              September 30,       September 30,
                                                   2002               2001
                                             ---------------     ---------------

EXPENSES
   General and administrative                $      12,165       $       6,460
   Professional fees                                33,755              22,619
   Property tax expense                              3,647                  --
                                             ---------------     ---------------

Loss from operations                               (49,567)            (29,079)
                                             ---------------     ---------------

OTHER INCOME (EXPENSE)
   Interest income                                     214                 988
   Interest expense                                (41,844)            (37,360)
                                             ---------------     ---------------

(Loss) before income taxes                         (91,197)            (65,451)

Provisions for income taxes                             --                  --
                                             ---------------     ---------------

Net (loss)                                   $     (91,197)      $     (65,451)
                                             ===============     ===============

Net (loss) per share                         $        (.05)      $        (.03)
                                             ===============     ===============

Weighted average shares outstanding              2,000,000           2,000,000
                                             ===============     ===============




         The accompanying notes are an integral part of the consolidated
                             financial statements.




                                       4
<page>



                           PARK PREMIER MINING COMPANY
                      CONSOLIDATED STATEMENT OF CASH FLOWS
                                   (UNAUDITED)
<table>
<caption>
                                                                                      Nine                   Nine
                                                                                     Months                 Months
                                                                                     Ended                  Ended
                                                                                  September 30,          September 30,
                                                                                      2002                   2001
                                                                                 ---------------        ---------------

                                                                              <C>                    <C>
Cash flows from operating activities:
   Net (loss)                                                                    $     (91,197)         $     (65,461)
   Adjustments to reconcile net (loss) to net cash
   used in operating activities:
      Change in operating assets:
         Accounts payable                                                               (1,105)               (11,305)
         Accrued interest payable                                                       41,844                 37,360
         Accounts payable - officer                                                      9,673                 15,848
         Other current assets                                                             (351)                  (265)
                                                                                 ---------------        ---------------
   Total adjustments                                                                    50,061                 41,638
                                                                                 ---------------        ---------------
Net cash used by operating activities                                                  (41,136)               (23,823)
                                                                                 ---------------        ---------------

Cash flows from investing activities:
   Investment in land and mining claims                                                     --                (29,934)
                                                                                 ---------------        ---------------
   Net cash flow from investing activities                                                  --                (29,934)

Net (decrease) increase in cash and cash equivalents                                   (41,136)               (53,757)

Cash and cash equivalents, beginning of period                                          48,768                115,727
                                                                                 ---------------        ---------------

Cash and cash equivalents, end of period                                         $       7,632          $      61,970
                                                                                 ===============        ===============

Supplemental schedule of noncash investing and financing activities:
   Accrued interest expense added to notes payable                               $      49,814          $      44,476
                                                                                 ===============        ===============

</table>





         The accompanying notes are an integral part of the consolidated
                             financial statements.


                                       5

<page>


                           PARK-PREMIER MINING COMPANY
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (UNAUDITED)

NOTE 1 - MANAGEMENT'S STATEMENT

The  consolidated  financial  statements  included  herein have been prepared by
Park-Premier  Mining Company (Company) without audit,  pursuant to the rules and
regulations of the Securities and Exchange  Commission.  Certain information and
footnote  disclosures  normally included in the financial statements prepared in
accordance with generally accepted accounting  principles have been condensed or
omitted as allowed by such rules and regulations,  and the Company believes that
the disclosures  are adequate to make the information  presented not misleading.
It is suggested that these financial  statements be read in conjunction with the
December 31, 2001 audited consolidated financial statements and the accompanying
notes thereto  included in the Company's  Annual Report on Form 10-KSB filed May
24, 2002 with the Securities and Exchange Commission.  While management believes
the procedures followed in preparing these financial  statements are reasonable,
the accuracy of the amounts are in some respects  dependent  upon the facts that
will exist and  procedures  that will be  accomplished  by  Park-Premier  Mining
Company later in the year.

The management of  Park-Premier  Mining Company  believes that the  accompanying
unaudited  financial  statements  contain  all  adjustments   (including  normal
recurring adjustments) necessary to present fairly the operations and cash flows
for the periods presented.

Amounts shown for December 31, 2001 are based upon the December 31, 2001 audited
consolidated financial statements.

NOTE 2 - BUSINESS OF THE COMPANY AND BASIS OF PRESENTATION

Park-Premier Mining Company's principal business activity since its organization
in 1907 has been the  exploration  of its mining  properties.  These  properties
consist of partially  explored  mines and mining claims  located in  mineralized
areas.  Current  operations  have  diversified  the  direction of the Company to
include the acquisition, holdings, and sale of real property.

The accompanying  consolidated  financial statements have been prepared assuming
the Company  will  continue as a going  concern.  The Company has not  generated
revenue  from  operations  for many years.  In order to maintain  the  Company's
existence,  a major  stockholder to the Company has loaned the Company funds for
working  capital.   Additionally  as  discussed  in  Note  4,  the  Company  has
convertible notes payable in the amount of $464,925, which had been rewritten on
January 1, 2002,  and are due January 1, 2004.  Without  such  funding  from the
major  stockholders and rewriting of the convertible notes payable to extend the
maturity date of these notes, the Company could not continue to exist. There can
be no assurance that funding from these sources will continue in the future.

Certain  reclassifications  have been made to previously  reported statements to
conform to the Company's current financial statement format.




                                       6
<page>


                           PARK-PREMIER MINING COMPANY
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (UNAUDITED)

NOTE 3 - BASIS OF CONSOLIDATION AND MINORITY INTEREST

The consolidated  financial  statements  include the accounts of the Company and
its  51%  owned  subsidiary,   Park-Cummings  Mining  Company.  All  significant
intercompany   transactions   and  account   balances   have  been   eliminated.
Park-Cummings  Mining  Company  owed  $391,711  and  $330,949  to the Company at
September 30, 2002 and 2001.

No  minority  interest is recorded  because  the  subsidiary  is indebted to the
parent in an amount in excess of the net assets of the subsidiary.  In the event
that the  subsidiary  realizes  from  sales of assets an amount in excess of the
amount due the parent, a minority interest may exist.

NOTE 4 - CONVERTIBLE NOTES PAYABLE (RELATED PARTIES)

Convertible notes payable were issued by the Company from 1987 through 1998 with
a conversion  price to be determined by the Board of Directors.  The  conversion
price shall not be more than $.10 per share.  Convertible notes payable at March
31, 2002 include $371,560 owed to the Company's  president,  and $88,361 owed to
other directors and related parties.

Holders of these  convertible  notes payable  understand that an increase in the
Company's  authorized  stock is necessary for conversion of these notes to occur
(currently, all authorized stock in the Company is issued and outstanding).

All notes were rewritten on January 1, 2002,  and interest  accrued to that date
was added to principal. The notes are due January 1, 2004 and accrue interest at
an annual rate of 12%.










                                       7

<page>


ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION.

GENERAL

Since approximately 1985, the Company essentially has had no operations. The
Company has property holdings in the East Elkhorn Mining District, Wasatch
County, Utah. Management attempted to develop or to posture the Company's
property interests for development as commercial or residential property rather
than as mineral properties.

As of September 30,2002, management has been unsuccessful in its attempts to
develop its property holdings. As of the date of this report the Company had no
source of income other than interest earned on cash deposits. The Company must
rely entirely upon loans from affiliates and its cash reserves to pay operating
expenses. As the cash reserves are depleted, there can be no assurance that
further loans from affiliates will be available. Without such funding, the
Company will not continue to exist.

PLAN OF OPERATION

As of the date of this report management is attempting to determine the best
course of action for the Company and its shareholders. If no viable development
plan exists for the Company's land interests, management may begin the process
of selling the Company's assets.

LIQUIDITY

RESULTS OF OPERATIONS

NINE MONTHS ENDED SEPTEMBER 30, 2002 COMPARED TO NINE MONTHS ENDED SEPTEMBER 30,
2001

During the nine months ended September 30, 2002, the Company had a net loss of
$91,197 compared with a net loss of $65,451 for the nine months ended September
30, 2001. During the nine months ended September 30, 2002, the Company spent
$12,165 on general and administrative expenses, $33,755 on professional fees and
$3,647 on property tax expense. It also incurred $41,844 of interest expense.
The net loss for the nine months ended September 30, 2002 was significantly
higher than the nine months ended September 30, 2001 due to greater legal and
accounting fees paid related to filings made with the Securities and Exchange
Commission and increased interest expense.

LIQUIDITY AND CAPITAL RESOURCES

Since the Company currently has no source of revenue, the Company's working
capital will continue to be depleted by expenses. At September 30, 2002, the
Company had a working capital deficit of $71,983 compared with a working capital
deficit of $30,600 at December 31, 2001. The Company's cash reserves are being
depleted by operating expenses. The use of cash reserves to pay operating
expenses has been partially offset by loans from affiliates.

The loans are evidenced by convertible notes payable in the amount of $464,925.
The notes are convertible into shares of the Company's common stock at a price
to be determined by the Board of Directors. The price set by the Board of
Directors shall not be more than $0.10 per share. Currently, all of the
Company's authorized stock is issued and outstanding. In order for conversion of
these notes to occur, the Company's Articles of Incorporation must be amended to
increase the number of authorized shares.

The notes accrue interest at 12% per annum. Accrued interest at September 30,
2002 was $41,843 compared with accrued interest in the amount of $49,813 at
December 31, 2001. As of September 30, 2002 no new loans have been made to the
Company.


                                       8

<page>

The Independent Accountant's Report and Note 1 of the Notes to Financial
Statements for the year ended December 31, 2001 included an explanatory
paragraph relating to the uncertainty of the Company's ability to continue as a
going concern. The Company's present business operations do not provide revenues
to cover its expenses, and management may be forced to begin selling the
Company's assets.

ITEM 3.  CONTROLS AND PROCEDURES.

The Company has recently evaluated its internal controls. As of September 10,
2002, there were no significant corrective actions taken by us or other changes
made to these internal controls. Management of the Company does not believe
there were changes in other factors that could significantly affect these
controls subsequent to the date of the evaluation.

                           PART II - OTHER INFORMATION

ITEM 1.  LEGAL PROCEEDINGS.

Not applicable.

ITEM 2.  CHANGES IN SECURITIES.

Not applicable.

ITEM 3.  DEFAULTS UPON SENIOR SECURITIES.

Not applicable.

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

Not applicable.

ITEM 5.  OTHER INFORMATION.

Not applicable.

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

(a) Exhibits:

    REGULATION                                                       CONSECUTIVE
    S-B NUMBER                         EXHIBIT                       PAGE NUMBER

       3.1       Articles of Incorporation of the Company as Amended     N/A
                 on October 21, 1983 (filed as Exhibit 3 to the
                 Company's 1983 Form 10-KSB Report and incorporated
                 herein by reference)

       3.2       Bylaws (filed as Exhibit 3.2 to the Company's 1987      N/A
                 Form 10-KSB Report and incorporated herein by
                 reference)

       4.1       Convertible Promissory Note, dated September 22,        N/A
                 1987 (filed as Exhibit 4.1 to the Company's 1987
                 Form 10-KSB Report and incorporated herein by
                 reference)

       10.1      Letter Agreement (filed as Exhibit 10.1 to the          N/A
                 Company's 1988 Form 10-KSB Report and incorporated
                 herein by reference)



                                       9
<page>

    REGULATION                                                       CONSECUTIVE
    S-B NUMBER                         EXHIBIT                       PAGE NUMBER


       10.2      Land Purchase Contract (filed as Exhibit 10.2 to        N/A
                 the Company's 1988 Form 10-KSB Report and
                 incorporated herein by reference)

       10.3      Subordination Agreement (filed as Exhibit 10.3 to       N/A
                 the Company's 1988 Form 10-KSB Report and
                 incorporated herein by reference)

       10.4      Promissory Notes issued to Affiliated Mining, Inc.      N/A
                 dated January 1, 2002 (filed as Exhibit 10.4 to the
                 Company's 2001 Form 10-KSB Report and incorporated
                 herein by reference)

       10.5      Promissory Notes issued to Robert W. Dunlap dated       N/A
                 January 1, 2002 (filed as Exhibit 10.5 to the
                 Company's 2001 Form 10-KSB Report and incorporated
                 herein by reference)

       10.6      Letter Agreement between the Company and Robert W.      N/A
                 Dunlap and Kathy L. Dunlap dated October 12, 1990
                 (filed as Exhibit 10.6 to the Company's 1989 Form 10-K
                 Report and incorporated herein by reference)

       10.7      Letter Agreement between the Company and Affiliated     N/A
                 Mining, Inc. dated March 1, 1991 for transfer of
                 property in exchange for cancellation of debt (filed
                 as Exhibit 10.7 to the Company's 1989 Form 10-K Report
                 and incorporated herein by reference)

       10.8      Letter Agreement between the Company and Robert W.      N/A
                 Dunlap dated July 1, 1991 for transfer of property in
                 exchange for cancellation of debt (filed as Exhibit
                 10.8 to the Company's 1989 Form 10-K Report and
                 incorporated herein by reference)

       10.9      Letter Agreement between the Company and Affiliated     N/A
                 Mining, Inc. dated September 1, 1991 for transfer of
                 property in exchange for cancellation of debt (filed
                 as Exhibit 10.9 to the Company's 1989 Form 10-K Report
                 and incorporated herein by reference)

      10.10      Promissory Note issued to Estate of Bernie Dunlap       N/A
                 dated January 1, 2002 (filed as Exhibit 10.10 to the
                 Company's 2001 Form 10-KSB Report and incorporated
                 herein by reference)

      10.11      Promissory Note issued to Lee Family dated January      N/A
                 1, 2002 (filed as Exhibit 10.11 to the Company's
                 2001 Form 10-KSB Report and incorporated herein by
                 reference)

      10.12      Promissory Note issued to Douglas K. Lee dated          N/A
                 January 1, 2002 (filed as Exhibit 10.12 to the
                 Company's 2001 Form 10-KSB Report and incorporated
                 herein by reference)

      10.13      Promissory Note issued to Janice Atkins dated           N/A
                 January 1, 2002 (filed as Exhibit 10.13 to the
                 Company's 2001 Form 10-KSB Report and incorporated
                 herein by reference)

        21       Subsidiaries of Registrant (filed as Exhibit 21 to      N/A
                 the Company's 2001 Form 10-KSB Report and
                 incorporated herein by reference)

      99.1      Summary - Jordanelle Dam Design Data (filed as           N/A
                Exhibit 28.1 to the Company's 1987 Form 10-K Report
                and incorporated herein by reference)


                                       10
<page>

    REGULATION                                                       CONSECUTIVE
    S-B NUMBER                         EXHIBIT                       PAGE NUMBER

       99.2      Certification  Pursuant To 18 U.S.C. Section             13
                 1350, As Adopted  Pursuant To Section 906 Of
                 The Sarbanes-Oxley Act Of 2002

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


(b)      The following reports on Form 8-K were filed during the last quarter of
         the period covered by this report: NONE.


                                   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.



                                     PARK-PREMIER MINING COMPANY



Dated: November 18, 2002             By: /s/ ROBERT W. DUNLAP
                                        ----------------------------------------
                                           Robert W. Dunlap, President
                                           (Principal Financial Officer)














                                       11
<page>


                                  CERTIFICATION

I, Robert W. Dunlap, certify that:

1.       I have reviewed this quarterly report on Form 10-QSB of Park Premier
         Mining Company;

2.       Based on my knowledge, this  quarterly report does not contain any
         untrue statement of a material fact or omit to state a material fact
         necessary to make the statements made, in light of the circumstances
         under which such statements were made, not misleading with respect to
         the period covered by this quarterly report;

3.       Based on my knowledge, the financial statements, and other financial
         information included in this quarterly report, fairly present in all
         material respects the financial condition, results of operations and
         cash flows of the registrant as of, and for, the periods presented in
         this quarterly report;

4.       The registrant's other certifying officers and I are responsible for
         establishing and maintaining disclosure controls and procedures (as
         defined in Exchange Act Rules 13a-14 and 15d-14) for the registrant and
         have:

         a)       designed such disclosure controls and procedures to ensure
                  that material information relating to the registrant,
                  including its consolidated subsidiaries, is made known to us
                  by others within those entities, particularly during the
                  period in which this quarterly report is being prepared;

         b)       evaluated the effectiveness of the registrant's disclosure
                  controls and procedures as of a date within 90 days prior to
                  the filing date of this quarterly report (the "Evaluation
                  Date"); and

         c)       presented in this quarterly report our conclusions about the
                  effectiveness of the disclosure controls and procedures based
                  on our evaluation as of the Evaluation Date;

5.       The registrant's other certifying officers and I have disclosed, based
         on our most recent evaluation, to the registrant's auditors and the
         audit committee of registrant's board of directors (or persons
         performing the equivalent functions):

         a)       all significant deficiencies in the design or operation of
                  internal controls which could adversely affect the
                  registrant's ability to record, process, summarize and report
                  financial data and have identified for the registrant's
                  auditors any material weaknesses in internal controls; and

         b)       any fraud, whether or not material, that involves management
                  or other employees who have a significant role in the
                  registrant's internal controls; and

6.       The registrant's other certifying officers and I have indicated in this
         quarterly report whether there were significant changes in internal
         controls or in other factors that could significantly affect internal
         controls subsequent to the date of our most recent evaluation,
         including any corrective actions with regard to significant
         deficiencies and material weaknesses.

Date:    November 18, 2002

                                      /s/ ROBERT W. DUNLAP
                                     -------------------------------------------
                                     Robert W. Dunlap, President
                                     (Principal Executive and Financial Officer)




                                       12