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UNITED STATES
  SECURITIES AND EXCHANGE COMMISSIONWASHINGTON, D.C. 20549

FORM 10-QSB

xQUARTERLY REPORT
  PURUSANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934
  For the quarterly period ended September 30, 2004

OR

 ̈TRANSITION REPORT
  PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
  For the transition period from ______________to _______________

GOLDEN QUEEN MINING CO. LTD.(Exact name of registrant as specified in its charter)

|Province of British Columbia                   | 0-21777                  | Not Applicable                   
|---------------------------------------------- | ------------------------ | ---------------------------------
|(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.)

6411 Imperial Avenue
  Vancouver, British Columbia
  V7W 2J5 Canada(Address of principal executive offices)

Registrant's telephone number, including area code: (604)
  921-7570

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

Securities registered pursuant to section 12(g) of the Act:
  Common Stock, without par value

Indicate by check mark whether the issuer (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  ̈

The number of outstanding shares of the issuer's common stock
  at November 12, 2004 was 60,995,446 shares.

Transitional Small Business Disclosure Format: Yes  ̈     No
  x

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GOLDEN QUEEN MINING CO. LTD.QUARTERLY REPORT ON FORM 10-QSB FOR THE QUARTERLY
  PERIOD ENDED SEPTEMBER 30, 2004

TABLE OF CONTENTS

|PART I: Financial Information | Page                                                      
|----------------------------- | ----------------------------------------------------------
|                              |                                                           
|Item 1:                       | Consolidated Financial Statements                         
|                              |                                                           
|Item 2:                       | Management's Discussion and Analysis or Plan of Operations
|                              |                                                           
|Item 3:                       | Controls and Procedures                                   
|                             
|Part II:                      | Other Information                                         
|                              |                                                           
|Item 4:                       | Submission of Matters to a Vote of Security Holders       
|                              |                                                           
|Item 6:                       | Exhibits and Reports on Form 8-K                          
|                              |                                                           
|SIGNATURES                    | 5                                                         

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PART I

Item 1. Financial Statements

In accordance with the Securities and Exchange Commission's
  "Exchange Act Rule 240. 13a-13-c", and having met all of the conditions set
  forth therein, Golden Queen Mining Co. Ltd. is excluded from the provisions
  which require Part I filing of the quarterly financial statements.

The Company has been in the exploration and development stage
  of its business and has had no reported revenues from operations since inception.

Item 2. Management's Discussion and Analysis or Plan of
  Operations

In accordance with the Securities and Exchange Commission's
  "Exchange Act Rule 240.13a -13-c", and having met all of the conditions set
  forth therein, Golden Queen Mining Co. Ltd. is excluded from the provisions
  which require PartI filing of management's discussion and analysis or
  plan of operations.

Item 3. Controls and Procedures

In accordance with the Securities and Exchange Commission's
  "Exchange Act Rule 240.13a -13-c", and having met all of the conditions set
  forth therein, Golden Queen Mining Co. Ltd. is excluded from the provisions
  which require PartI filing of management's discussion and analysis or
  plan of operations.

[The balance of this page has been intentionally left blank]

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PART II

Item 4. Submission of Matters to a Vote of Security Holders

At the Annual General and Extraordinary Meeting of the holders
  of Common Shares of the Company held on July 19, 2004, the shareholders voted
  on the following matters:

|1. | Fixing Number of Directors. The shareholders
        approved the motion to fix the number of Directors at four (4).
|-- | --------------------------------------------------------------------------------------------------------------------
|  

| | For: 16,381,421            
| | ---------------------------
| | Against or Withheld:  1,000

|2. | Election of Directors.The following nominees
        were elected as directors to serve until the next annual general meeting
        of the shareholders:
|-- | ----------------------------------------------------------------------------------------------------------------------------------------------------------

H. Lutz Klingmann 
                 For: 16,380,421
        
                 Withheld: 1,000 Edward G. Thompson 
                 For: 16,380,421
        
                 Withheld: 1,000 Gordon Gutrath 
                 For: 16,380,421
        
                 Withheld: 1,000 Chester Shynkaryk 
                 For: 16,381,421
        
                 Withheld: 0


|3. | Appointment of Auditors.The shareholders
        approved the reappointment of BDO Dunwoody as auditor of the Company until
        the next annual general shareholder meeting.
|-- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

For: 16,381,421 
        Withheld: 0


|4. | Approval of Conversion of Promissory Note Issued
        to Mr. Landon Clay. The shareholders approved the motion to authorize
        the conversion of a promissory note issued to Mr. Landon Clay at the rate
        of $0.23 per unit.
|-- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

For: 5,486,912 
        Against: 12,964

10,881,545 shares held by insiders were withheld from
  voting pursuant to the requirements of the Toronto Stock Exchange.

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|5. | Repricing of Incentive Stock Options. The
        shareholders approved a decrease in the exercise price of 550,000 stock
        options previously granted to insiders of the Company from $0.81 to $0.55.
|-- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

For: 15,394,571 
  Against: 986,850

|6. | Approval of Exercise of Warrants Held by Mr.
        Landon Clay. The shareholders approved the issuance of shares of
        the Company to Mr. Landon Clay upon the exercise of previously issued
        private placement warrants.
|-- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

For: 5,323,362 
  Against: 176,514

10,881,545 shares held by insiders were withheld from
  voting pursuant to the requirements of the Toronto Stock Exchange.

|7. | Approval of Issuance of Compensation Shares to
        the Company's President. The shareholders approved the issuance of
        up to 300,000 common shares of the Company to H. Lutz Klingmann, the Company's
        President and Chief Operating Officer, as part of his compensation package
        based on certain milestones being met.
|-- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

For: 16,203,907 
  Against: 177,514

|8. | Special Resolution: Removal of Pre-Existing Company
        Provisions. The shareholders defeated the motion to remove pre-existing
        company provisions set forth in Part 16 of the Regulations of the Business
        Corporations Act(British Columbia).
|-- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

For: 4,914,418 
        Against: 11,467,003


|9. | Special Resolution: Increase in Authorized Capital.
        The shareholders defeated the motion to increased the authorized capital
        of the Company to an unlimited number of common shares.
|-- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

For: 4,156,718 
  Against: 12,224,703

|10. | Special Resolution: Majority Required to Pass
        a Special Resolution. The shareholders approved the motion that a
        provision be provided in the Company's Articles setting the majority required
        to pass a special resolution at two-thirds of the votes cast on the resolution
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

For: 16,199,571 
  Against: 181,850

|11. | Special Resolution: Replacement of Articles.
        The shareholders approved the motion that the existing Articles of the
        Company be cancelled and a new form of Articles be adopted as the Articles
        of the Company.
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

For: 15,456,021 
  Against: 925,400

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|12. | Other Business.
      
      For: 3,764,745 
          Against: 12,615,562
        1,114 shares held by insiders were withheld from voting pursuant to
          the requirements of the Toronto Stock Exchange.
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Item 6. Exhibits

Exhibits.

31.1 Rule 13a-14(a)/15d-14(a) Certifications

32.1 Section 1350 Certifications

Form 8-K Reports.

The Company filed no reports on Form 8-K during the second quarter of 2004.

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SIGNATURES

In accordance with section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

|Dated: | November 12, 2004 |                                          
|------ | ----------------- | -----------------------------------------
|       |                   | Golden Queen Mining Co. Ltd.             
|      
|       |                   | By: /s/ H. Lutz Klingmann                
|       |                   | H. Lutz Klingmann                        
|       |                   | President and Principal Financial Officer

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