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                                  FORM 10-Q/A

                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

[X]                QUARTERLY REPORT UNDER SECTION 13 OR 15(d)
                     OF THE SECURITIES EXCHANGE ACT OF 1934
                 For the Quarterly Period Ended March 31, 2001

                                       OR

[ ]         TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

For The Transition Period From ______________________ to _____________________

                         Commission File Number 1-10012

                      SUNSHINE MINING AND REFINING COMPANY
- --------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)

          DELAWARE                                           75-2618333
- --------------------------------------------------------------------------------
   (State or other jurisdiction of                         (I.R.S. Employer
    incorporation or organization)                         Identification No.)

                5956 Sherry Lane, Suite 1621, Dallas, Texas 75225
- --------------------------------------------------------------------------------
                    (Address of principal executive offices)

        Registrant's telephone number including area code (214) 265-1377
                                                          --------------

                   877 W. Main, Suite 600, Boise, Idaho 83702
- --------------------------------------------------------------------------------
Former name, former address and former fiscal year, if changed since last report

         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
     ----     -----


                                                    Number of Shares Outstanding
Title of Each Class of Common Stock                       at May 15, 2001
- -----------------------------------                 ----------------------------
                                                 
    Common Stock, $.01 par value                            50,000,000




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                                   SIGNATURES


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

                                   SUNSHINE MINING AND REFINING COMPANY


Dated: May 18, 2001                 By:    WILLIAM W. DAVIS
                                       -----------------------------------------
                                           William W. Davis
                                           President and Chief Financial Officer



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