FORM 10Q


                       SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C.    20549

[X]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
     ACT  OF  1934  FOR  THE  QUARTER  ENDED  AUGUST  31,  2000

                                       OR

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

Commission  file  number  0-12132

                            SILVERADO GOLD MINES LTD.
             (Exact name of registrant as specified in its charter)

British  Columbia,  Canada                                            98-0045034
(State or other jurisdiction of                       (I.R.S. Employer I.D. No.)
incorporation  or  organization)

Suite  505,  1111  West  Georgia  Street
Vancouver,  British Columbia, Canada V6E 4M3                      (604) 689-1535
(Address  of  Principal Executive Offices)                         (Registrant's
                                                               telephone number)

Indicate by check mark whether the registrant (1) has filed all reports required
to  be  filed  by Section 13 or 13(d) of the Securities and Exchange Act of 1934
during  the preceding 12 months (or for a 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  [   ]

Indicate  the  number  of  shares outstanding of each of the issuer's classes of
common  stock,  as  of  the  latest  practicable  date.

Class                                        Outstanding  at  October  12,  2000
(Common  stock  (npv))                                                29,639,891

<PAGE>

<TABLE>
<CAPTION>

SILVERADO  GOLD  MINES  LTD.
INTERIM  CONSOLIDATED  BALANCE  SHEETS
(EXPRESSED  IN  U.S.  DOLLARS)



                                                                                      AS AT

                                                                         (UNAUDITED)
                                                                       AUGUST 31, 2000    AUGUST 31, 1999
                                                                      -----------------  -----------------
<S>                                                                   <C>                <C>
ASSETS
CURRENT ASSETS
       CASH. . . . . . . . . . . . . . . . . . . . . . . . . . . . .  $         18,063   $              -
       GOLD INVENTORY. . . . . . . . . . . . . . . . . . . . . . . .            23,487             10,567
       ACCOUNTS RECEIVABLE . . . . . . . . . . . . . . . . . . . . .             7,413             79,935
                                                                      -----------------  -----------------
                                                                                48,963             90,502

MINERAL PROPERTIES AND DEVELOPMENT, NET. . . . . . . . . . . . . . .         1,224,200          1,224,200
                                                                      -----------------  -----------------


BUILDINGS, PLANT AND EQUIPMENT . . . . . . . . . . . . . . . . . . .         2,982,608          2,982,608
  LESS ACCUMULATED DEPRECIATION. . . . . . . . . . . . . . . . . . .        (1,804,549)        (1,538,322)
                                                                      -----------------  -----------------
                                                                             1,178,059          1,444,286

                                                                      $      2,451,222   $      2,758,988
                                                                      =================  =================

LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES
    BANK INDEBTEDNESS. . . . . . . . . . . . . . . . . . . . . . . .  $              -   $          2,385
    ACCOUNTS PAYABLE AND ACCRUED LIABILITIES
             (NOTE 5). . . . . . . . . . . . . . . . . . . . . . . .         1,143,029          1,162,023
    LOANS PAYABLE. . . . . . . . . . . . . . . . . . . . . . . . . .            49,130             49,130
    MINERAL CLAIMS PAYABLE . . . . . . . . . . . . . . . . . . . . .           280,375            286,500
    DUE TO RELATED PARTIES (NOTE 8). . . . . . . . . . . . . . . . .           359,289                  -
     CONVERTIBLE DEBENTURE, CURRENT PORTION
              (NOTE 6) . . . . . . . . . . . . . . . . . . . . . . .         2,000,000          2,000,000
                                                                      -----------------  -----------------
                                                                             3,472,534          3,500,038
LONG TERM LIABILITIES
    CONVERTIBLE DEBENTURE (NOTE 6) . . . . . . . . . . . . . . . . .            75,000             75,000
SHAREHOLDERS' EQUITY
    SHARE CAPITAL
    AUTHORIZED: 100,000,000 COMMON SHARES
    ISSUED AND OUTSTANDING:
           AUGUST 31, 2000 - 27,639,891 SHARES . . . . . . . . . . .        45,355,365         44,454,365
           NOVEMBER 30, 1999 - 15,873,224 SHARES . . . . . . . . . .                 -                  -


                   SHARES TO BE ISSUED . . . . . . . . . . . . . . .            33,485             28,188
DEFICIT. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .       (46,844,450)       (45,298,603)
                                                                      -----------------  -----------------
                                                                            (1,455,600)          (816,050)
                                                                      -----------------  -----------------

                                                                      $      2,451,222   $      2,758,988
                                                                      =================  =================

SEE ACCOMPANYING NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS
</TABLE>

<PAGE>

<TABLE>
<CAPTION>


SILVERADO  GOLD  MINES  LTD.
INTERIM  CONSOLIDATED  STATEMENTS  OF  OPERATIONS
(EXPRESSED  IN  U.S.  DOLLARS)



                                                 NINE MONTHS ENDED

                                        AUGUST 31, 2000      AUGUST 31, 1999
                                      -------------------  -----------------
<S>                                   <C>                  <C>
REVENUE FROM GOLD SALES. . . . . . .  $            6,387   $         15,859
    LESS MINING AND PROCESSING COSTS              10,210             14,601
                                      -------------------  -----------------
                                                  (3,823)             1,258

MINERAL PROPERTIES AND
   DEVELOPMENT EXPENDITURES. . . . .              24,600            258,213
ADMINISTRATIVE EXPENSES. . . . . . .           1,393,674            429,073
INTEREST EXPENSE . . . . . . . . . .             123,750            120,000
                                      -------------------  -----------------

LOSS FOR THE PERIOD. . . . . . . . .          (1,545,847)          (806,028)

ACCUMULATED DEFICIT AT
    BEGINNING OF PERIOD. . . . . . .         (45,298,603)       (43,849,212)
                                      -------------------  -----------------

ACCUMULATED DEFICIT AT
    END OF PERIOD. . . . . . . . . .  $      (46,844,450)  $    (44,655,240)
                                      ===================  =================

LOSS PER SHARE . . . . . . . . . . .  $           (0.060)  $         (0.062)
                                      ===================  =================


                                                THREE MONTHS ENDED

                                        AUGUST 31, 2000      AUGUST 31, 1999

REVENUE FROM GOLD SALES. . . . . . .  $            6,387                  -
    LESS MINING AND PROCESSING COSTS              10,210                  -
                                      -------------------  -----------------
                                                  (3,823)                 -
                                                       -                  -
MINERAL PROPERTIES AND
   DEVELOPMENT EXPENDITURES. . . . .              24,600             11,897

ADMINISTRATIVE EXPENSES. . . . . . .             726,090            124,735
INTEREST EXPENSE . . . . . . . . . .              40,000             40,000
                                      -------------------  -----------------

LOSS FOR THE PERIOD. . . . . . . . .            (794,513)          (176,632)

ACCUMULATED DEFICIT AT
    BEGINNING OF PERIOD. . . . . . .         (46,049,937)       (44,478,608)
                                      -------------------  -----------------

ACCUMULATED DEFICIT AT
    END OF PERIOD. . . . . . . . . .  $      (46,844,450)  $    (44,655,240)
                                      ===================  =================

LOSS PER SHARE . . . . . . . . . . .  $           (0.034)  $         (0.013)
                                      ===================  =================

</TABLE>

<PAGE>

<TABLE>
<CAPTION>

SILVEVERADO  GOLD  MINES  LTD.
INTERIM  CONSOLODATED  STATEMENTS  OF  CASH  FLOW
(EXPRESS  IN  U.S.  DOLLARS)  (UNAUDITED)



                                                                                NINE MONTHS ENDED

                                                                       AUGUST 31, 2000     AUGUST 31, 1999
                                                                     -------------------  -----------------
<S>                                                                  <C>                  <C>
CASH PROVIDED BY (USED FOR):

OPERATIONS:
    LOSS FOR THE PERIOD . . . . . . . . . . . . . . . . . . . . . .  $       (1,545,847)  $       (806,028)
    ITEMS NOT INVOLVING CASH
      DEPRECIATION. . . . . . . . . . . . . . . . . . . . . . . . .             266,220            222,250
     AMORTIZATION OF DEFERRED
       FINANCING FEES . . . . . . . . . . . . . . . . . . . . . . .                   -             24,562
    CHANGES IN NON-CASH OPERATING
     WORKING CAPITAL:
      DECREASE IN ACCOUNTS RECEIVABLE . . . . . . . . . . . . . . .              72,522              2,220
     (INCREASE) DECREASE IN GOLD INVENTORY. . . . . . . . . . . . .             (12,920)            14,601
     DECREASE IN MINERAL CLAIMS PAYABLE . . . . . . . . . . . . . .              (6,125)            (3,500)
     INCREASE IN EXPENSES TO RELATED PARTIES. . . . . . . . . . . .             359,289                  -
     INCREASE (DECREASE) IN ACCOUNTS
       PAYABLE AND ACCRUED LIABILITIES. . . . . . . . . . . . . . .             (18,995)           117,172
                                                                     -------------------  -----------------
                                                                               (885,856)          (428,723)

FINANCING:
    BANK INDEBTEDNESS . . . . . . . . . . . . . . . . . . . . . . .              (2,385)            (4,396)
    SHARES ISSUED FOR CASH. . . . . . . . . . . . . . . . . . . . .             901,000            273,035
    INCREASE IN LOANS PAYABLE . . . . . . . . . . . . . . . . . . .                   -            155,000
    SHARE SUBSCRIPTIONS RECEIVED. . . . . . . . . . . . . . . . . .               5,304                  -
                                                                     -------------------  -----------------
                                                                                903,919            428,035

INVESTMENTS:
    PROCEEDS FROM SALE OF EQUIPMENT . . . . . . . . . . . . . . . .                   -              5,353
                                                                     -------------------  -----------------
                                                                                      -              5,353

INCREASE IN CASH. . . . . . . . . . . . . . . . . . . . . . . . . .              18,063              4,665
CASH AT BEGINNING OF PERIOD . . . . . . . . . . . . . . . . . . . .                   -                  -
                                                                     -------------------  -----------------
CASH AT END OF PERIOD . . . . . . . . . . . . . . . . . . . . . . .  $           18,063   $            269
                                                                     -------------------  -----------------

SUPPLEMENTAL CASH FLOW INFORMATION
    INTEREST PAID . . . . . . . . . . . . . . . . . . . . . . . . .  $            3,750   $              -
                                                                     -------------------  -----------------


ISSUE OF SHARES FOR PURCHASE OF
  MINERAL PROPERTY, A NON-CASH INVESTING
  ACTIVITY NOT REFLECTED IN THE STATEMENTS
  OF CASH FLOW. . . . . . . . . . . . . . . . . . . . . . . . . . .  $                -   $              -
                                                                     -------------------  -----------------

SEE ACCOMPANYING NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS
</TABLE>

<PAGE>

<TABLE>
<CAPTION>

SILVERADO  GOLD  MINES  LTD.
INTERIM  CONSOLODATED  STATEMENTS  OF  CHANGES  IN  SHARE  CAPITAL
(EXPRESSED  IN  U.S.  DOLLARS)  (UNAUDITED)

NINE  MONTHS  ENDED  AUGUST  31,  2000,  AND  YEARS  ENDED  NOVEMBER  30,  1999,  AND  1998


                                                                       NUMBER OF       SHARE      UNAMORATIZED      ADVANCES TO
                                                                         SHARES       CAPITAL        STOCK        RELATED PARTIES
                                                                                                  COMPENSATION      SECURED BY
                                                                                                    EXPENSE           COMMON
                                                                                                                   SHARES IN THE
                                                                                                                      COMPANY
<S>                                                                   <C>           <C>          <C>             <C>
BALANCE AS AT NOVEMBER 30, 1997. . . . . . . . . . . . . . . . . . .   80,012,218   $43,084,420  $    (151,612)  $       (480,236)
                                                                      ------------  -----------  --------------  -----------------

YEAR ENDED NOVEMBER 30, 1998
    SHARE CONSOLIDATION. . . . . . . . . . . . . . . . . . . . . . .  (72,010,996)
    SHARES ISSUED:
      ON EXERCISE OF WARRANTS FOR CASH . . . . . . . . . . . . . . .      255,000       216,200
      PRIVATE PLACEMENTS FOR CASH. . . . . . . . . . . . . . . . . .    2,446,668       372,600
      PRIVATE PLACEMENT FOR CONSULTING SERVICES: . . . . . . . . . .      125,000       112,500
      FAIR VALUE OF SHARES ISSUED FOR
        MINERAL PROPERTY . . . . . . . . . . . . . . . . . . . . . .      170,000       289,200
    AMORTIZATION OF STOCK COMPENSATION                                                                 151,612
    CASH RECEIVED ON SALE OF COMMON SHARES                                                                                225,448
       BY RELATED PARTY
    UNCOLLECTED BALANCE RECORDED AS A
      RECEIVABLE ALLOWANCE                                                                                                254,788
                                                                      ------------  -----------  --------------   -----------------
                                                                      (69,014,328)      990,500  $     151,612   $        480,236

BALANCE AS AT NOVEMBER 30, 1998. . . . . . . . . . . . . . . . . . .   10,997,890    44,074,920              -                  -
                                                                      ------------  -----------  --------------  -----------------

YEARS ENDED NOVEMBER 30, 1999
    SHARES ISSUED:
      ON EXERCISE OF WARRANTS FOR CASH . . . . . . . . . . . . . . .    4,008,667       250,050
      PRIVATE PLACEMENT FOR CASH . . . . . . . . . . . . . . . . . .      866,667       129,395
                                                                      ------------  -----------
                                                                        4,875,334       379,445              -                  -

BALANCE AS AT NOVEMBER 30, 1999. . . . . . . . . . . . . . . . . . .   15,873,224    44,454,365              -                  -
                                                                      ------------  -----------  --------------  -----------------

   SHARES ISSUED:
      ON EXERCISE OF WARRANTS FOR CASH . . . . . . . . . . . . . . .    3,366,667       190,000
      ON EXERCISE OF EMPLOYEE SHARE OPTIONS. . . . . . . . . . . . .      400,000        40,000
      PRIVATE PLACEMENT FOR CASH . . . . . . . . . . . . . . . . . .    4,850,000       380,000
                                                                      ------------
                                                                        8,616,667

BALANCE AS AT MAY 31, 2000 (UNAUDITED) . . . . . . . . . . . . . . .   24,489,891   $45,064,365  $           -   $              -
                                                                      ------------  -----------  --------------  -----------------

    SHARES ISSUED:
      ON EXERCISE OF WARRANTS FOR CASH . . . . . . . . . . . . . . .    2,350,000       211,000
      PRIVATE PLACEMENT FOR CASH . . . . . . . . . . . . . . . . . .      800,000        80,000
                                                                      ------------
                                                                        3,150,000
                                                                      ------------

BALANCE AS AT AUGUST 31, 2000 (UNAUDITED). . . . . . . . . . . . . .   27,639,891   $45,355,365  $           -   $              -
                                                                      ------------  -----------



SEE ACCOMPANYING NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS

</TABLE>

<PAGE>

SILVERADO  GOLD  MINES  LTD.
NOTES  TO  INTERIM  CONSOLIDATED  FINANCIAL  STATEMENTS
(EXPRESSED  IN  U.S.  DOLLARS)  (UNAUDITED)  AUGUST  31,  2000

1.     BASIS  OF  PRESENTATION

The interim consolidated financial statements as at August 31, 2000 and 1999 and
for  the  three  and  nine month periods ended August 31, 2000 and 1999 included
herein  are  unaudited;  however,  such  information  reflects  all  adjustments
(consisting solely of normal recurring adjustments) which are, in the opinion of
management,  necessary  for a fair presentation of the financial results for the
interim  periods.  These interim consolidated financial statements are presented
in  accordance with United States generally accepted accounting principles.  The
interim  financial  statements have been prepared consistent with the accounting
policies  described  in  the  Company's Annual Report on Form 10-K and should be
read  in  conjunction  therewith.

These  financial  statements  have been prepared on a going concern basis, which
assumes  the  realization  of assets and settlement of liabilities in the normal
course  of  business.  The  application  of  the  going  concern concept and the
recovery  of  amounts  recorded  as  mineral  properties  and  development  and
buildings,  plant  and equipment is dependent on the Company's ability to obtain
the  continued  forbearance of certain creditors, to obtain additional financing
to  fund its operations and acquisition, exploration and development activities,
the  discovery  of  economically  recoverable  ore  on  its  properties, and the
attainment  of  profitable  operations. Current uncertainty with regard to these
matters  raises  substantial  doubt about the Company's ability to continue as a
going  concern, and the financial statements do not include any adjustments that
might result from the outcome of this uncertainty. The Company plans to continue
to  raise  capital  through  private  placements  and  warrants  issued.

At  August  31,  2000 the Company had a working capital deficiency of $3,423,578
including  a $2,000,000 convertible debenture which matured on July 2, 1999, but
was  not  repaid.  The Company was granted a deferral of these payments as it is
currently  in  negotiations  to  restructure its obligation. The Company has not
made  required  interest  payments  on  the convertible debenture of $426,667 to
August  31,  2000.

In  addition,  the  Company  is in arrears of required mineral claims and option
payments for certain of its mineral properties at August 31, 2000, in the amount
of  $280,375.  (November  30,  1999:  $286,500).

2.     GOLD  INVENTORY

Gold inventory is valued at the lower of weighted average cost and estimated net
realizable  value.  At  August 31, 2000 and November 30, 1999, gold is valued at
net  realizable  value.

3.     MINERAL  PROPERTIES  AND  DEVELOPMENT

The  Company  confines  its exploration activities to areas from which gold has
previously  been  produced  or to properties which are contiguous to such areas
and have demonstrated mineralization. Accordingly, the Company  capitalizes the
costs  of  acquiring mineral claims until such time as the

<PAGE>

properties are placed  into  production  or  abandoned. At that time, costs are
amortized on a  units  of  production  basis  or  written  off, as appropriate.
Exploration costs and  option  payments  are expensed as incurred commencing in
1998.

4.     BUILDINGS  PLANT  AND  EQUIPMENT

Buildings,  plant and equipment are stated at cost.  Depreciation is provided on
buildings, plant and equipment using the straight-line method based on estimated
lives  of  3  to  20  years.

5.     ACCOUNTS  PAYABLE

Accounts  payable  and  accrued liabilities are detailed in the following table:

                                        AUGUST 31, 2000     NOVEMBER 30,
                                          (UNAUDITED)          1999

ACCOUNTS  PAYABLE                       $     520,362      $     659,356
ACCRUED  INTEREST                             426,667            306,667
ACCRUED  RECLAMATION  EXPENSES                196,000            196,000

                                      $     1,143,029    $     1,162,023
                                            =========          =========

6.     CONVERTIBLE  DEBENTURE

In  July,  1994,  the  Company  issued  a  convertible  callable  debenture  for
$2,000,000  with  interest payable at the rate of 8.0% per annum on December 31,
and June 30, each year.  The debenture is unsecured and was due on July 2, 1999.
The  Company  has  not made required interest payments of $426,667 to August 31,
2000  which  has been recorded as a current liability. The Company was granted a
deferral of these payments as it is currently in negotiations to restructure its
obligation.

On  February  15,  1999,  the Company issued a convertible debenture for $75,000
with  interest  payable at the rate of 5% per annum on March 1 of each year. The
debenture  is due on February 28, 2002.  The required interest payment of $3,750
was  made  on  April  14,  2000.

7.     SHARE  CAPITAL

(A)     DIRECTOR  AND  EMPLOYEE OPTIONS. The Company has 3,100,000 (November 30,
1999  - 3,500,000) outstanding options to acquire common shares with an exercise
price of $0.10 per share until December 1, 2004; and 350,000 outstanding options
to  acquire  common  shares  with  an  exercise  price  of $0.35 per share until
December  1,  2004,  all  in  accordance  with  the  terms and conditions of its
December  12,  1994  Stock  Option  Plan.

(B)     WARRANTS.  The  Company  has  3,700,000 warrants outstanding to purchase
common  shares  at  prices  in  the  range  of  $0.10  -  $0.40.

<PAGE>

(C)     OTHER SHARE TRANSACTIONS. The Company has reserved 295,192 common shares
for  issuance  upon  the  potential  conversion  of  the convertible debentures.

8.     RELATED PARTY TRANSACTIONS

The Company has had related party transactions with Tri-Con Mining Ltd., Tri-Con
Mining Inc., Tri-Con Mining Alaska Inc. collectively the "Tri-Con Mining Group";
and  Anselmo  Holdings  Ltd.,  all  of which are controlled by a director of the
Company,  and  Kintana  Resources  Ltd.,  a  company related by virtue of common
directors.

The  Tri-Con  Group are operations, exploration and development contractors, and
have been employed by the Company under contract since 1972 to carry out all its
field  work  and  to  provide administrative and management services.  Under the
current  contract  of  January,  1997,  work  is  charged  at  cost plus 15% for
operations  and  cost  plus  25  percent  for exploration and development.  Cost
includes  a 15 percent charge for office overhead.  Services of the directors of
the  Tri-Con  Group are charged at a rate of Cdn. $75 per hour.  Services of the
directors  of  the  Tri-Con  Group who are also Directors of the Company are not
charged.  At  November 30, 1999, the Company had paid $241,265 (1998 - $363,667)
to the Tri-Con Group for exploration, development and administration services to
be performed during fiscal 2000 on behalf of the Company.  The amounts have been
written-off  in  the  respective  years  as  a  receivable  allowance.

The aggregate amounts paid to the Tri-Con Group each year by category, including
amounts  relating  to  the  Grant  Mine  Project  and  Nolan  properties,  for
disbursements  and  for services rendered by the Tri-Con Group personnel working
on the Company's projects, and including interest charged on outstanding balance
at  the  Tri-Con  Group's  borrowing  costs  are  shown  below:

<TABLE>
<CAPTION>



                                             2000       1999        1998
                                           ---------  ---------  -----------
<S>                                        <C>        <C>        <C>
Operations and Field Services . . . . . .  $126,377   $ 24,562   $  192,706
Exploration and Development Services. . .    84,252    214,211    1,160,169
Administrative and Management
Services. . . . . . . . . . . . . . . . .   148,660     58,200      321,513

                                           $359,289   $296,973   $1,674,388
                                           ---------  ---------  -----------

Amount of total charges in excess of Tri-
Con costs incurred. . . . . . . . . . . .  $   0.00   $ 54,526   $  248,858
                                           ---------  ---------  -----------

Excess amount charged as a percentage
of actual costs incurred. . . . . . . . .      0.00%      24.0%        17.5%
                                           ---------  ---------  -----------

</TABLE>

<PAGE>

During  fiscal  1998,  the Tri-Con Group sold all of the 2,119,934 common shares
held in the Company for net proceeds of $225,448.  The Company received $225,448
from  the  Tri-Con  Group  as part payment of the $480,236 advance receivable at
November  30, 1997.  The remaining unpaid amount was written off as a receivable
allowance.

9.     COMMITMENTS

The  Company  has  a  lease agreement for office premises for a term of 10 years
commencing  April  1,  1994,  with an approximate annual rate of $122,000 (Cdn.)
including  operating  costs.

10.     LITIGATION

A  former  employee  of  the  Tri-Con  Group  has initiated a claim against that
company  for  wrongful dismissal / breach of contract in the amount of $150,000.
The Company has been named as a co-defendant in the suit.  No provision for this
litigation  has  been  made  in these financial statements and the amount of the
loss,  if  any,  for  this  lawsuit,  would  be  accounted  for  prospectively.

Range Minerals Corporation has sued Silverado Gold Mines Ltd. and Silverado Gold
Mines Inc. for $185,665.  The lawsuit pertains to required payments covering the
Ester  Dome  Property.  Silverado  Gold Mines Ltd. and Silverado Gold Mines Inc.
have denied the claim of Range Minerals Corporation and have counter claimed for
the  return  of  50,000  shares  and  $88,000  previously paid to Range Minerals
Corporation, and such further additional relief as the court may deem to be just
and  equitable  under  the  circumstances.  No provision for this litigation has
been  made in these financial statements and the amount of the loss, if any, for
this  lawsuit,  would  be  accounted  for  prospectively.

11.     SUBSEQUENT  EVENTS

Subsequent  to  August 31, 2000, a director and officer of the Company exercised
options  to  purchase  1,950,000  shares  of  the  Company at $0.10 per share in
consideration  for  a  reduction  of  amounts  payable to Tri-Con Mining Ltd. of
$195,000.  The  director  is  a  significant  shareholder of Tri-Con Mining Ltd.

On  September 27, 2000  50,000 share purchase warrants were exercised at a price
of  $0.10  per  share and the Company issued 50,000 shares from the treasury for
proceeds  of  $5,000.

<PAGE>

ITEM  2.     MANAGEMENT  DISCUSSION  AND  ANALYSIS
             OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The  following  is management's discussion and analysis of certain factors which
have  significantly  affected  the  Company's  financial  position and operating
results  during  the  period included in the accompanying condensed consolidated
financial  statements.

NINE  MONTHS  2000  V.  1999
----------------------------

Loss  for  the  nine-month period ended August 31, 2000 was $1,545,847 or $0.060
per  share  compared  to  $806,028 or $0.062 per share for the nine-month period
ended  August  31,  1999.  Loss for the quarter was $794,513 or $0.034 per share
compared  to $176,632 or $0.013 per share for the quarter ended August 31, 1999.

The Company commenced production on its Nolan Placer property during the quarter
ended August 31, 2000 and incurred a loss of $3,823 on sales of $6,387. One time
set  up  costs  were  fully  absorbed  during  this  period.

Expenditures  during  the  nine  months ended August 31, 2000 were $1,542,024 up
from  $807,286  in  the comparable period due mainly to an increase in promotion
expenditures. $901,000 in cash was received for share issuances during the first
nine  months  of  2000.

The  Company  is moving towards commercialization of the new oil fuel substitute
process  known  as  low-rank coal-water fuel.  The fuel would be produced at the
Company's  100%  owned  and  paid up Grant Mill facility once it has undergone a
retrofit.  Additionally  the  Company  continued  summer  gold  production  and
development  at  its  Nolan  gold  mine.

LIQUIDITY  AND  CAPITAL  RESOURCES  AT  AUGUST  31,  2000
---------------------------------------------------------

During  the first nine months of 2000 the Company received cash of $901,000 from
share subscriptions.  The Company plans to raise capital through gold sales from
its 100% owned Nolan Gold Mine as well as through private placements and warrant
issues. The Company has a working capital deficiency of $3,782,860 at August 31,
2000  up  from  $3,409,536  at  November  30,  1999.

ITEM  3.     None

<PAGE>

                           PART II - OTHER INFORMATION

ITEM  1     LEGAL  PROCEEDINGS

A  former  employee  of  the  Tri-Con  Group  has initiated a claim against that
company  for  wrongful dismissal / breach of contract in the amount of $150,000.
The  Company  has  been  named  as  a  co-defendant  in  the  suit.

Range Minerals Corporation has sued Silverado Gold Mines Ltd. and Silverado Gold
Mines Inc. for $185,665.  The lawsuit pertains to required payments covering the
Ester  Dome  Property.  Silverado  Gold Mines Ltd. and Silverado Gold Mines Inc.
have denied the claim of Range Minerals Corporation and have counter claimed for
the  return  of  50,000  shares  and  $88,000  previously paid to Range Minerals
Corporation, and such further additional relief as the court may deem to be just
and  equitable  under  the  circumstances.  No provision for this litigation has
been  made in these financial statements and the amount of the loss, if any, for
this  lawsuit,  would  be  accounted  for  prospectively.

ITEM  2     CHANGES  IN  SECURITIES  AND  USE  OF  PROCEEDS.

During the third quarter of 2000 the company received proceeds from the issue of
3,150,000  unregistered  shares.

ITEM  3     DEFAULTS  UPON  SENIOR  SECURITIES

In  July,  1994,  the  Company  issued  a  convertible  callable  debenture  for
$2,000,000  with  interest payable at the rate of 8.0% per annum on December 31,
and June 30, each year.  The debenture is unsecured and was due on July 2, 1999.
The  Company  has  not made required interest payments of $426,667 to August 31,
2000  which  has been recorded as a current liability. The Company was granted a
deferral of these payments as it is currently in negotiations to restructure its
obligation

ITEM  4

None.

ITEM  5     OTHER  INFORMATION.

None.

ITEM  6     EXHIBITS  AND  REPORTS  ON  FORM  8-K.

None.

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  thereunto  duly  authorized.

                                        SILVERADO  GOLD  MINES  LTD.
                                        /S/  G.L.  ANSELMO
                                        G.L.  Anselmo
                                        President  /  CEO  /  CFO