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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC  20549


                                   FORM 10-Q

                Quarterly Report  Pursuant to Section 13 or 15(d) of
                       the Securities Exchange Act of 1934

                For the quarterly period ended June 30, 2000

                         Commission file number 001-03323

                             PRINCETON MINING COMPANY
             (Exact name of registrant as specified in its charter)

            IDAHO                                       82-6008727
(State or other jurisdiction of                    (IRS Employer
incorporation or organization)                     Identification Number)

                                 413 Cedar Street
                                  Wallace, Idaho
                     (Address of principal executive offices)

                                       83873
                                     (Zip Code)

                                  (208) 752-1131
               (Registrant's Telephone Number, Including Area Code)


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


APPLICABLE ONLY TO CORPORATE ISSUERS

Indicate the number of shares outstanding of each of the issuer's classes of
common stock as of March 31, 2000:                9,569,140











**************************************************************************


<PAGE>
                           PRINCETON MINING COMPANY
                                   FORM 10Q
                      FOR THE PERIOD ENDED JUNE 30, 2000


PART 1 - FINANCIAL INFORMATION



ITEM  1

STATEMENT OF FINANCIAL POSITION AS OF JUNE 30, 2000 AND DECEMBER 31, 1999

STATEMENT  OF OPERATIONS FOR THE THREE AND SIX MONTH PERIODS ENDED JUNE 30, 2000
     AND  1999

STATEMENT  OF  CHANGES IN STOCKHOLDERS' EQUITY FOR THE THREE MONTH PERIODS ENDED
     JUNE  30,  2000  AND  1999

STATEMENT  OF CASH FLOWS FOR THE THREE AND SIX MONTH PERIODS ENDED JUNE 30, 2000
     AND  1999









































<PAGE>
PRINCETON  MINING  COMPANY          Statement  of  Financial  Position  as  of
(Unaudited)                          June  30,  2000  and  December  31,  1999
--------------------------     -----------------------------------------------



<TABLE>
                                                June 30,      December 31,
                                                 2000             1999
                                              ------------    ------------
<S>                                           <C>             <C>
ASSETS
CURRENT ASSETS - Cash                         $        45     $       113
                                              ------------    ------------

PROPERTY
Mining claims                                      10,000          10,000
                                              ------------    ------------
      TOTAL ASSETS                            $    10,045     $    10,113
                                              ============    =============

LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT  LIABILITIES
   Accounts payable                           $     5,189     $     7,073
   Accrued interest                                 1,586             -
   Loans from a related party                      39,900          28,400
                                              ------------    ------------
       Total current liabilities                   46,675          35,473
                                              ------------    ------------
STOCKHOLDERS' EQUITY
  Preferred stock; $.10 par value; 1,000,000
    shares authorized; no shares outstanding

  Common stock; $.10 par value; 29,000,000
    shares authorized; 9,569,140 shares
    issued and outstanding                        956,914         956,914
  Discount on common stock                       (280,681)       (280,681)
  Additional paid-in capital                          563             563
  Accumulated deficit                            (713,426)       (702,156)
                                              ------------    ------------
       Total stockholders' equity                 (36,630)        (25,360)
                                              ------------    ------------
  TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY  $    10,045     $    10,113
                                              ============    ============
</TABLE>













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


<PAGE>
PRINCETON MINING COMPANY          Statement  of Operations  for  the  Three  and
(UNAUDITED)                       Six Month Periods Ended June 30, 2000 and 1999
------------------------       -------------------------------------------------


<TABLE>
                                      June 30, 2000                June 30, 1999
                                --------------------------  --------------------------
                                  Three           Six          Three         Six
                                  Months          Months       Months        Months
                                ------------  ------------  ------------  ------------
<S>                             <C>           <C>           <C>           <C>
REVENUES                        $        -0-  $        -0-  $        -0-  $        -0-
                                ------------  ------------  ------------  ------------
OPERATING  EXPENSES
Accounting and professional           2,288         6,688            -            -
Office                                1,470         2,986          1,055        3,535
Taxes and licenses                      -              10            -             10
                                ------------  ------------  ------------  ------------

Total Operating Expenses              3,758         9,684         1,055         3,545
                                ------------  ------------  ------------  ------------

LOSS FROM OPERATIONS                 (3,758)       (9,684)       (1,055)       (3,545)
                                ------------  ------------  ------------  ------------

OTHER  EXPENSE
Interest                                896         1,586           519           919
                                ------------  ------------  ------------  ------------

LOSS BEFORE INCOME TAXES             (4,654)      (11,270)       (1,574)        (4,464)

INCOME TAXES                             -0-           -0-           -0-            -0-
                                ------------  ------------  ------------  ------------

NET LOSS                        $    (4,654)  $   (11,270)  $    (1,574)  $    (4,464)
                                ============  ============  ============  ============

NET LOSS PER SHARE              $     (NIL)   $     (NIL)    $     (NIL)  $     (NIL)
                                ============  ============  ============  ============

WEIGHTED  AVERAGE  NUMBER
OF COMMON SHARES OUTSTANDING      9,569,140     9,569,140     9,569,140     9,569,140
                                ============  ============  ============  ============
</TABLE>














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


<PAGE>
PRINCETON MINING COMPANY
(UNAUDITED)
Statement of Changes in Stockholders' Equity  for
the  Three  Month Periods  Ended  June  30,  2000  and  1999


<TABLE>
                                           Discount
                       Common Stock        On          Additional  Accum-
                   ----------------------  Common      Paid-in      ulated
                   Shares      Amount      Stock       Capital     Deficit     Total
                   ----------  ----------  ----------  ----------  ----------  ----------
<S>                <C>         <C>         <C>         <C>         <C>         <C>
Balances as of
March 31, 1999      9,569,140  $  956,914  $ (280,681)             $ (677,656) $  (1,423)

Net Loss                                                               (1,574)    (1,574)
                   ----------  ----------  ----------  ----------  ----------  ----------
Balances as of
June 30, 1999       9,569,140  $  956,914  $ (280,681)             $ (679,230) $  (2,997)
                    =========  ==========  ==========              =========== ==========
</TABLE>

<TABLE>
                                           Discount
                       Common Stock        On          Additional  Accum-
                   ----------------------  Common      Paid-in      ulated
                   Shares      Amount      Stock       Capital     Deficit     Total
                   ----------  ----------  ----------  ----------  ----------  ----------
<S>                <C>         <C>         <C>         <C>         <C>         <C>
Balances as of
March 31, 2000      9,569,140  $  956,914  $ (280,681) $      563  $ (708,772) $ (31,976)

Net Loss                                                               (4,654)    (4,654)
                   ----------  ----------  ----------  ----------  ----------  ----------
Balances as of
June 30, 2000       9,569,140  $  956,914  $ (280,681) $      563  $ (713,426) $ (36,630)
                    =========  ==========  ==========  ==========  =========== ==========
</TABLE>




















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


<PAGE>
PRINCETON  MINING  COMPANY         Statement  of  Cash Flows for the Three  and
(UNAUDITED)                    Six  Month  Periods Ended June 30, 2000 and 1999
--------------------------     ------------------------------------------------


<TABLE>
                                      June 30, 2000                June 30, 1999
                                --------------------------  --------------------------
                                  Three           Six          Three         Six
                                  Months          Months       Months        Months
                                ------------  ------------  ------------  ------------
<S>                             <C>           <C>           <C>           <C>
CASH FLOWS FROM OPERATING
  ACTIVITIES
  Net Loss                      $    (4,654)  $   (11,270)   $   (1,574)  $    (4,464)
  Decrease in accounts payable       (1,163)         (988)         (386)       (1,385)
  Increase (decrease) in
    accrued interest                 (1,125)          690           -             -
                                ------------  ------------  ------------  ------------
Net cash flows used from
   operating activities v            (6,942)      (11,568)       (1,960)       (5,849)
                                ------------  ------------  ------------  ------------

CASH FLOWS FROM FINANCING
  ACTIVITIES
  Loans from a related party          6,900        11,500         2,000         5,900
                                ------------  ------------  ------------  ------------
Net cash flows provided by
  financing activities                6,900        11,500         2,000         5,900
                                ------------  ------------  ------------  ------------

NET INCREASE (DECREASE) IN CASH         (42)          (68)           40            51

CASH AT BEGINNING OF PERIOD              87           113            83            72
                                ------------  ------------  ------------  ------------

CASH AT END OF PERIOD           $        45   $        45   $       123   $       123
                                ============  ============  ============  ============

</TABLE>



















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


<PAGE>


PRINCETON  MINING  COMPANY
(UNAUDITED)
Notes to Financial Statements



The  financial statements of Princeton Mining Company included herein, have been
prepared  without audit, pursuant to the rules and regulations of the Securities
and  Exchange  Commission.  Although  certain  information  normally included in
financial  statements  prepared in accordance with generally accepted accounting
principles has been condensed or omitted, Princeton Mining Company believes that
the  disclosures  are adequate to make the information presented not misleading.
These  financial  statements  should  be  read in conjunction with the financial
statements  and  notes  thereto  included  in  Princeton Mining Company's annual
report  on  Form  10-K  for  the  fiscal  year  ended  December  31,  1999.

The  financial  statements   included  herein  reflect   all  normal   recurring
adjustments  that,  in  the  opinion  of  management,  are  necessary for a fair
presentation.  The results for interim periods are not necessarily indicative of
trends  or  of  results  to  be  expected  for  a  full  year.








































<PAGE>

                           PRINCETON MINING COMPANY
                                   FORM 10Q
                      FOR THE PERIOD ENDED JUNE 30, 2000

ITEM  2     MANAGEMENT'S  DISCUSSION  AND  ANALYSIS  OF  FINANCIAL
CONDITION  AND  RESULTS  OF  OPERATION


The  Company  currently  maintains  ten unpatented mining claims east of Mullan,
Idaho, in the Coeur d'Alene Mining District, Shoshone County, Idaho.  As of June
30,  2000,  current  liabilities  exceeded  current  assets  by  $46,630.

During  the quarter ended June 30, 2000, the Company had a net operating loss of
$4,654,  which  was  primarily  due  to  normal  operating  expenses.




                                     PART II


ITEM  1     LEGAL  PROCEEDINGS

NONE

ITEM  2     CHANGES  IN  SECURITIES

NONE

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

NONE

















<PAGE>


                                   SIGNATURES


Pursuant to the requirements of Section 13 of the Securities and Exchange Act of
1934,  the  registrant has duly caused this report to be signed on its behalf by
the  undersigned,  thereunto  duly  authorized.



                            Princeton Mining Company
                            ------------------------
                                  (Registrant)

/s/ H. James Magnuson                          /s/ Dennis O'Brien
_______________________________                __________________________
H.  James  Magnuson                            Dennis  O'Brien
President  and  Director                       Secretary-Treasurer and
                                               Director

August 11, 2000                                August 11, 2000
_______________________________               __________________________
      Date                                               Date


Pursuant to the requirements of the Securities Exchange Act of 1934, this report
has been signed below by the following person on behalf of the registrant and in
the  capacities  and  as  of  the  date  indicated.


/s/ H. James Magnuson                          /s/ Dennis O'Brien
_______________________________                __________________________
H.  James  Magnuson                            Dennis  O'Brien
President  and  Director                       Secretary-Treasurer and
                                               Director

August 11, 2000                                August 11, 2000
_______________________________               __________________________
      Date                                               Date