UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 12b-25                  SEC FILE NUMBER
                                                                    0-13078
                           NOTIFICATION OF LATE FILING          ---------------
                                                                 CUSIP NUMBER
                                                                   14018Y106

(Check One): |X|Form 10-K  |_|Form 20-F  |_|Form 11-K  |_| Form 10-Q
             |_|Form 10-D  |_|Form N-SAR |_|Form N-CSR

      For Period Ended: 7/31/06
                       --------
      |_|   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:_____________________________________

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 Read Instructions (on back page) 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.
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      If the notification relates to a portion of the filing checked above,
             identify the Item(s) to which the notification relates:

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PART I -- REGISTRANT INFORMATION

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Full Name of Registrants:

Capital Gold Corporation
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Former Name if Applicable

LEADVILLE MINING & MILLING CORPORATION
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Address of Principal Executive Offices (Street and Number)

76 Beaver Street - 26th floor
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City, State and Zip Code

New York, NY 10005
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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)

            (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 on Form 10-KSB will be filed on or
                  before the fifteenth calendar day following the prescribed due
                  date; and
            (c)   The accountant's statement or other exhibit required by Rule
                  12(b)-25(c) has been attached if applicable.

PART III -- NARRATIVE

State below in reasonable detail the reasons why the Form 10-KSB could not be
filed within the prescribed time
period. (Attach Extra Sheets If Needed)

"The financial statements and Managements Discussion are not completed."

PART IV --OTHER INFORMATION

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

      Christopher Chipman                            212          344-2785
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        Name                                      Area Code    Telephone Number

(2)   Have all other periodic reports required under Section 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 answer
      is no, identify report(s).
                                                               |X| Yes  |_| No

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(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?

                                                               |X| Yes  |_| 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.

It is anticipated that the loss for fiscal 2006 will be approximately
$4,805,000, an increase of $2,799,000 from the prior fiscal year. The primary
reasons for the increase were 1) an increase in mine related expenditures of
$1,090,000, 2) an increase in selling, general and administrative expenses of
$1,130,000, 3)losses of $582,000 in fiscal 2006 due to the change in fair value
of our derivative instruments and 4) loss on sale of equipment in fiscal 2006 of
approximately $202,000, including commission. Net loss per share was $0.04 and
$0.03 for the fiscal year ended July 31, 2006 and 2005, respectively.



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                            Capital Gold Corporation
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                  (Name of Registrant as Specified in Charter)

has caused this notification to be signed on their behalf by the undersigned
hereunto duly authorized.


Date October 30, 2006                   By /s/ Christopher Chipman
    ---------------------------           -------------------------------------
                                          Christopher Chipman


Instruction: The form may be signed by an executive officer of the registrant or
by any other duly authorized representative. The name and title of the person
signing the form shall be typed or printed beneath the signature. If the
statement is signed on behalf of the registrant by an authorized representative
(other than an executive officer), evidence of the representative's authority to
sign on behalf of the registrant shall be filed with the form.


-----------------------------------ATTENTION------------------------------------
   INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL CRIMINAL
                        VIOLATIONS (SEE 18 U.S.C. 1001).
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