U.S. SECURITIES AND EXCHANGE
               COMMISSION WASHINGTON,
                   D.C. 20549
                  FORM 12b-25
(Check One):
|x|  FORM 10-K AND FORM 10-KSB
|_|FORM 20-F |_|FORM 11-K |_|FORM 10-Q AND
FORM 10-QSB |_|FORM N-SAR

For Period Ended:   December 31, 1998

|_|Transition Report on Form 10-K
|_|Transition Report
on Form 20-F
|_|Transition Report
on Form 11-K
|_|Transition Report
on Form 10-Q
|_|Transition Report
on Form N-SAR

For the Transition
Period Ended:

READ ATTACHED INSTRUCTION SHEET BEFORE
PREPARING FORM. PLEASE PRINT OR TYPE
Nothing in this Form shall be construed to
imply that the Commission has verified any
information contained herein



If the notification relates to a portion of
the filing checked above, identify the
Item(s) to which the notification relates:


PART I - Registrant Information


Chief Consolidated Mining Company
Full Name of Registrant

Full Name of registrant
Former Name if Applicable

500 5th Avenue, Suite 1021
Address of Principal Executive Office (Street
and Number)

New York, NY 10110-1099
City, State and Zip Code

PART II  RULES 12b-25 (b) AND (c)


If the subject report could not be filed without
unreasonable effort or expense and the
registrant seeks relief pursuant to Rule 12b-
25(b), the following should be completed.
(Check box if appropriate)

|x| (a)  The reasons described in reasonable
detail in Part III of this form could not be
eliminated without unreasonable effort or
expense;

|x| (b)  The subject annual report, semi-annual
report, transition report on Form 10-K, Form 10-
KSB, Form 20-F, 11-K or Form N-SAR, or portion
thereof will be filed on or before the fifteenth
calendar day following the prescribed due date;
or the subject quarterly report or transition
report on Form 10-Q, or portion thereof will be
filed on or before the fifth calendar day
following the prescribed due date;
and
|_| (c)  The accountant's statement or other
exhibit required by Rule 12b-25(c) has been
attached if applicable.
PART III  -  NARRATIVE
State below in reasonable detail the reasons why
Form 10-K and Form 10-KSB, 20-F,
11-K, 10-Q and Form 10-QSB, N-SAR, or the
transition report or portion thereof could not
be filed within the prescribed period.

Registrant is currently in the process of
raising additional funds by means of private
placement of its common stock in an offering to
qualified investors under Regulation D.
Registrant anticipates that it will, by April
15, 1999, be able to provide a more informative
description of Management's Plan of Operation at
Item 6(a) of Form 10-KSB, since the extent of
registrant's activities on its mining properties
during the remainder of 1999 will depend, in
part, upon the amount of cash raised in the
current private placement offering.

PART IV - OTHER INFORMATION

(1)  Name and telephone number of person to
contact in regard to this notification

Leonard Weitz, President          212-354-4044 
Name                              Telephone Number

(2)  Have all other periodic reports required
under 13 or 15(d) of the Securities Exchange Act
of 1934 or section 30 of the investment Company
Act of 1940 during the preceding 12 months or
for such shorter period that the registrant was
required to file such report(s) been filed?  If
the answer is no, identify report(s).

     |x| YES        |_| NO
(3)  Is it anticipated that any significant
change in results of operations from the
corresponding period for the last fiscal year
will be reflected by the earnings statements to
be included in the subject report or portion
thereof?
     |_| YES        |x| NO
If so, attach an explanation of the anticipated
change, both narratively, and quantitatively,
and, if appropriate, state the reasons why a
reasonable estimate of the results cannot be
made.
Chief Consolidated Mining Company
(Name of Registrant as Specified in Charter)

has caused this notification to be signed on its
behalf by the undersigned thereunto duly
authorized.



Date March 19, 1999           By /s/ Leonard Weitz
                              Leonard Weitz, President