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 September 30, 2000

                          Commission file number 1-3323

                            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  September  30,  2000:
                                  (Common  Stock)
                                     9,569,140

<PAGE> 1



                                TABLE OF CONTENTS



                                     PART I

                                                                          PAGE
                                                                          ----
ITEM  1   Statements of Financial Position as of September 30, 2000
          and  December  31,  1999                                           3

          Statements  of  Operations  for  the  Three  and  Nine  Month
          Periods  Ended  September  30, 2000 and 1999                       4

          Statements  of  Cash  Flows  for  the  Nine  Month
          Periods  Ended  September  30, 2000 and 1999                       5

          Notes  to  Financial  Statements  as  of September 30, 2000        6
6

ITEM  2   Management's Discussion and Analysis of Financial  Condition
          and  Results  of  Operations                                       7

                                     PART II

ITEM  1     Legal  Proceedings                                               7

ITEM  2     Changes  in Securities                                           7

ITEM  3     Defaults  Upon Senior Securities                                 7

ITEM  4     Submission  of  Matters  to  a  Vote  of  Security  Holders
7

ITEM  5     Other  Information                                               7

ITEM  6     Exhibits and Reports on Form 8-K                                 7






















<PAGE> 2
                                     Statements  of  Financial  Position  as  of
PRINCETON  MINING  COMPANY           September  30,  2000  and December 31, 1999
--------------------------     -------------------------------------------------


                                               (Unaudited)
                                               September 30,       December 31,
                                                   2000               1999
                                              ---------------   ---------------

ASSETS

   CURRENT ASSETS - Cash                      $           88    $          113
                                              ---------------   ---------------

PROPERTY
   Mining claims                                       2,000            10,000
                                              ---------------   ---------------

                       TOTAL ASSETS           $        2,088    $       10,113
                                              ===============   ===============

LIABILITIES AND STOCKHOLDERS' EQUITY


CURRENT  LIABILITIES
   Accounts payable                           $        5,189     $       7,073
   Accrued interest                                    2,580
   Loans from a related party                         43,100            28,400
                                              ---------------   ---------------

               Total current liabilities              50,869            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                         (280,118)         (280,118)
   Accumulated deficit                              (725,577)         (702,156)
                                              ---------------   ---------------

              Total stockholders' equity             (48,781)          (25,360)
                                              ---------------   ---------------

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY    $        2,088    $       10,113
                                              ===============   ===============










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

<PAGE> 3

PRINCETON MINING COMPANY       Statement of Operations for the  Three  and  Nine
(UNAUDITED)                    Month Periods Ended September 30, 2000  and  1999
-----------                    -------------------------------------------------


<TABLE>
                             September 30, 2000          September 30, 1999
                         --------------------------  --------------------------
                            Three          Nine         Three          Nine
                            Months        Months        Months        Months
                         ------------  ------------  ------------  ------------
<S>                      <C>           <C>           <C>           <C>

   REVENUES              $       -0-   $       -0-   $       -0-   $        -0-
                         ------------  ------------  ------------  ------------

OPERATING  EXPENSES
  Accounting and
    professional              2,179          8,867           114           114
  Office                        978          3,964         1,024         4,559
  Taxes and licenses                            10                          10
  Loss on abandoned
     mining property          8,000          8,000
                         ------------  ------------  ------------  ------------
Total Operating Expenses     11,157         20,841         1,138         4,683
                         ------------  ------------  ------------  ------------

LOSS FROM OPERATIONS        (11,157)       (20,841)       (1,138)       (4,683)
                         ------------  ------------  ------------  ------------

OTHER  EXPENSE
  Interest                      994          2,580           533         1,452
                         ------------  ------------  ------------  ------------

LOSS BEFORE INCOME TAXES    (12,151)      (23,421)        (1,671)       (6,135)

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

NET LOSS                 $   (12,151)  $   (23,421)  $    (1,671)  $    (6,135)
                         ============  ============  ============  ============

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
                         ============  ============  ============  ============









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

<PAGE> 4
PRINCETON  MINING  COMPANY           Statements of Cash Flows for the Nine Month
(UNAUDITED)                      Periods  Ended  September  30,  2000  and  1999
-----------                -----------------------------------------------------



                                               September 30,       December 31,
                                                   2000               1999
                                              ---------------   ---------------

CASH  FLOWS  FROM  OPERATING  ACTIVITIES
  Net Loss                                    $      (23,421)   $      (6,135)
  Add item not requiring the use of cash:
     Loss on abandoned mining property                 8,000
  Decrease in accounts payable                        (1,884)         (17,552)
  Increase in accrued interest                         2,580           23,700
                                              ---------------   ---------------
Net cash flows provided (used)
by operating activities                              (14,725)               13
                                              ---------------   ---------------

CASH  FLOWS  FROM  OPERATING  ACTIVITIES
  Increase in related party loans                    14,700
                                              --------------
Net cash flows provided by
  operating activities                               14,700
                                              --------------

NET INCREASE (DECREASE) IN CASH                          (25)               13

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

CASH AT END OF PERIOD                         $           88    $           85
                                            =================   ===============

























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

<PAGE> 5

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> 6


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


The  Company  currently  maintains  two unpatented mining claims east of Mullan,
Idaho,  in  the  Coeur  d'Alene  Mining District, Shoshone County, Idaho.  As of
September  30,  2000, current liabilities exceeded current assets by $50,781 and
there  was  a  stockholders'  deficit  of  $48,781.

During  the  quarter  ended  September 30, 2000, the Company had a net operating
loss  of  $12,151, which was primarily due to a loss of $8,000 recognized on the
abandonment  of  eight  mining  claims,  and  normal  operating  expenses.

During  the  nine  month period ended September 30, 2000, the Company incurred a
net  loss  of  $23,421.  The net loss for the nine month period was  principally
due  to  the loss on the abandonment of eight mining claims, accrued interest of
$2,580  and  accounting  and  professional  expenses  of  $8,867.

The  December  31,  1999 audited balance sheet contains a going concern opinion.


                                     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> 7


                                   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

November 15, 2000                              November 15, 2000
_______________________________               __________________________
      Date                                               Date




































</TABLE>