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,  1999
                                                 -------------------
                                       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  incorporation  or  organization)             (I.R.S.  Employer  I.D.  No.)

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 1, 1999
(Common  stock  (npv))                                   14,516,557

<PAGE>

<TABLE>
<CAPTION>

SILVERADO  GOLD  MINES  LTD.
CONSOLIDATED  BALANCE  SHEETS
(EXPRESSED  IN  U.S.  DOLLARS)  (UNAUDITED)                                       As  at

                                                                          August 31,   November 30,
                                                                             1999          1998
                                                                          -----------  -------------
<S>                                                                       <C>          <C>
Assets
Current Assets
  Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  $       269  $           -
  Gold inventory . . . . . . . . . . . . . . . . . . . . . . . . . . . .        8,847         23,448
  Accounts receivable. . . . . . . . . . . . . . . . . . . . . . . . . .        1,540          3,760
                                                                               10,656         27,208

Mineral Properties and Development . . . . . . . . . . . . . . . . . . .    1,600,000      1,600,000

Buildings, Plant and Equipment . . . . . . . . . . . . . . . . . . . . .    3,107,938      3,114,785
  Less accumulated depreciation. . . . . . . . . . . . . . . . . . . . .   (1,510,639)    (1,289,883)
                                                                            1,597,299      1,824,902

Deferred Financing Fees (net of amortization of $180,038: 1998-$161,438)            -         24,562

                                                                          $ 3,207,955  $   3,476,672
                                                                          -----------  -------------

Liabilities and Shareholders' Equity
Current Liabilities
  Bank indebtedness. . . . . . . . . . . . . . . . . . . . . . . . . . .  $         -  $       4,396
  Accounts payable and accrued liabilities . . . . . . . . . . . . . . .    1,021,740        904,568
  Loans payable. . . . . . . . . . . . . . . . . . . . . . . . . . . . .      155,000              -
  Mineral claims payable . . . . . . . . . . . . . . . . . . . . . . . .      338,500        342,000
  Convertible debenture. . . . . . . . . . . . . . . . . . . . . . . . .    2,000,000      2,000,000
                                                                            3,515,240      3,250,964
Shareholders' Equity
  Share capital
  Authorized: 100,000,000 common shares
  Issued and outstanding:. . . . . . . . . . . . . . . . . . . . . . . .   44,347,955     44,074,920
    August 31, 1999 - 14,516,557 shares
  Deficit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  (44,655,240)   (43,849,212)
                                                                             (307,285)       225,708

                                                                          $ 3,207,955  $   3,476,672
                                                                          -----------  -------------
</TABLE>

See accompanying notes to consolidated financial statements.

<PAGE>
<TABLE>
<CAPTION>

SILVERADO GOLD MINES LTD.
CONSOLIDATED STATEMENTS OF OPERATIONS
AND ACCUMULATED DEFICIT
(EXPRESSED IN U.S. DOLLARS) (UNAUDITED)
                                                               NINE MONTH ENDED
                                                      AUGUST 31,            AUGUST 31,
                                                         1999                  1998
                                                 --------------------  ---------------------
<S>                                              <C>                   <C>
Revenue from gold sales . . . . . . . . . . . .  $            15,859   $             99,857
  Less mining and processing costs. . . . . . .               14,601                118,883
                                                 --------------------  ---------------------
Loss from Operations. . . . . . . . . . . . . .                1,258                (19,026)

Mineral properties and development expenditures              258,213                      -

Administrative expenditures . . . . . . . . . .              549,073              3,147,159

Loss for the period . . . . . . . . . . . . . .             (806,028)            (3,166,185)

Accumulated deficit at beginning of the period.          (43,849,212)           (26,910,309)
                                                 --------------------  ---------------------

Accumulated deficit at end of the period. . . .  $       (44,655,240)  $        (30,076,494)
                                                 --------------------  ---------------------

Loss per share. . . . . . . . . . . . . . . . .  $            (0.062)                (0.37)
                                                 --------------------  ---------------------
</TABLE>

See  accompanying  notes  to  consolidated  financial  statements.

<PAGE>

<TABLE>
<CAPTION>
                                                           THREE MONTHS ENDED

                                                      AUGUST 31,            AUGUST 31,
                                                         1999                  1998
                                                 --------------------  ---------------------
<S>                                              <C>                   <C>
Revenue from gold sales . . . . . . . . . . . .  $                 -   $             74,315
  Less mining and processing costs. . . . . . .                    -                 91,999
                                                 --------------------  ---------------------
Gain (loss) from Operations . . . . . . . . . .                    -                (17,684)

Mineral properties and development expenditures               11,897                      -

Administrative Expenditures . . . . . . . . . .              164,735                942,414

Loss for the period . . . . . . . . . . . . . .             (176,632)              (960,098)

Accumulated deficit at beginning of the period.          (44,478,608)           (29,116,396)
                                                 --------------------  ---------------------

Accumulated deficit at end of the period. . . .  $       (44,655,240)  $        (30,076,494)
                                                 --------------------  ---------------------

Loss per share. . . . . . . . . . . . . . . . .  $            (0.013)                (0.11)
                                                 --------------------  ---------------------
</TABLE>

See  accompanying  notes  to  consolidated  financial  statements.

<PAGE>

<TABLE>
<CAPTION>

SILVERADO  GOLD  MINES  LTD.
CONSOLIDATED  STATEMENTS  OF  CASH  FLOWS
(EXPRESSED IN U.S. DOLLARS) (UNAUDITED)                                               NINE MONTH ENDED


                                                                             AUGUST 31,               AUGUST 31,
                                                                                1999                     1998
                                                                     --------------------------  --------------------
<S>                                                                  <C>                         <C>
CASH PROVIDED BY (USED FOR):

Operations:
  Loss for the year . . . . . . . . . . . . . . . . . . . . . . . .  $                (806,028)  $        (3,166,185)
  Items not involving cash:
    Employment contract expense . . . . . . . . . . . . . . . . . .                          -               828,313
    Depreciation. . . . . . . . . . . . . . . . . . . . . . . . . .                    222,250               364,701
    Amortization of deferred financing fees . . . . . . . . . . . .                     24,562                27,900
    Loss on disposal of buildings, plant and equipment. . . . . . .                          -                48,031
  Changes in non-cash operating working capital:
    Decrease (increase) in accounts receivable. . . . . . . . . . .                      2,220                 3,354
    Decrease in gold inventory. . . . . . . . . . . . . . . . . . .                     14,601                24,885
    Increase in prepaid expenses paid to related parties. . . . . .                          -              (372,410)
    Decrease in mineral claim payable . . . . . . . . . . . . . . .                     (3,500)                    -
    Increase in accounts payable and accrued liabilities. . . . . .                    117,172               118,394
                                                                     --------------------------  --------------------
                                                                                      (428,723)           (2,123,017)

Financing:
  Shares issued for cash. . . . . . . . . . . . . . . . . . . . . .                    273,035               366,200
  Shares issued for consulting services . . . . . . . . . . . . . .                          -                75,000
  Decrease in secured advances to related parties . . . . . . . . .                          -               480,236
  Increase in loans payable . . . . . . . . . . . . . . . . . . . .                    155,000                     -
  Decrease in capital lease obligation. . . . . . . . . . . . . . .                          -               (91,490)
                                                                                                 --------------------
                                                                                       428,035               829,946

Investments:
  Mineral claims and options expenditures, net of recoveries. . . .                          -                69,915
  Deferred exploration and development expenditures . . . . . . . .                          -               600,036
  Proceeds from sale of equipment . . . . . . . . . . . . . . . . .                      5,353               611,300
  Purchases of equipment. . . . . . . . . . . . . . . . . . . . . .                          -                (6,729)
                                                                                                 --------------------
                                                                                         5,353             1,274,522

Increase (decrease) in cash . . . . . . . . . . . . . . . . . . . .                      4,665               (18,549)
Cash (bank indebtedness) at beginning of the period . . . . . . . .                     (4,396)               20,914
                                                                     --------------------------  --------------------

Cash at end of the period . . . . . . . . . . . . . . . . . . . . .                    269      $             2,365
                                                                     --------------------------  --------------------

Supplemental cash flow information
  Interest paid . . . . . . . . . . . . . . . . . . . . . . . . . .                         -   $            80,000
                                                                     --------------------------  --------------------

  Issue of shares for purchase of mineral property, a non-cash
    investing activity not reflected in the Statements of Cashflows                         -   $           289,200
                                                                     --------------------------  --------------------
</TABLE>

See  accompanying  notes  to  consolidated  financial  statements.

<PAGE>


Silverado Gold Mines Ltd.
notes to consolidated financial statements
(expressed in U.S. dollars) (unaudited) August 31, 1999

1.  Basis  of  Presentation

The  financial  information  at  August  31, 1999 and for the three month period
ended August 31, 1999 and August 31, 1998 included herein is unaudited; however,
such information reflects all adjustments (consisting solely of normal recurring
adjustments)  which  are,  in  the  opinion  of management, necessary for a fair
statement  of  results  for  the  interim periods.  These consolidated financial
statements  are  presented  in  accordance  with  generally  accepted accounting
principles  in  the United States.  The results of operations for the nine month
period ended August 31, 1999 are not necessarily indicative of the results to be
expected  for  the  full  year.

2.  Gold  Inventory

Gold  inventory is valued at the lower of weighted average cost or estimated net
realizable value.  At August 31, 1999 and August 31, 1998, gold is valued at net
realizable  value.

3.  Mineral  Properties  and  Development

Mineral  claims and options are valued at the net realizable value.  Exploration
and  development expenditures are expensed as incurred.  The Company has allowed
the  French  Peak  property  claims  to  lapse.

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 delineated in the following
table:

                                       AUGUST 31,       NOVEMBER 30,
                                         1999               1998
                                         ----               ----
ACCOUNTS  PAYABLE                 $      585,740     $      561,902
ACCRUED  INTEREST                        240,000            146,666
ACCRUED  RECLAMATION  EXPENSES           196,000            196,000
                                $      1,021,740     $      904,568
                                      ==========           ========

6.     CONVERTIBLE  DEBENTURE

In  July,  1994,  the  Company issued a convertible callable debenture with
interest payable at the rate of 8.0% per annum on December 31, and June 30, each
year.  The  debenture  is  unsecured  and  is due July 2, 1999, subject to prior
redemption or conversion.  The debenture may be converted in whole or in part by
the  holder  into  common  shares of the Company at a conversion price of $18.57
U.S.  per  share  (  the  "Conversion  Price").  In  addition, conversion of the
debenture  may  be called by the Company provided that the average trading price
of  the Company's common stock has exceeded 125% of the Conversion Price for the
period  of  20  consecutive  trading  days.  Financing  fees paid related to the
debenture  have  been  deferred and are being amortized on a straight line basis
over  the  debenture  term  of 60 months.  The Company was granted a deferral of
these  payments  based  on monthly progress updates until financing is in place.
Total  interest  payable  at  August  31,  1999, amounting  to $240,000 has been
recorded  as  a  current  liability.

<PAGE>

7.     SHARE  CAPITAL

(a)     COMMON  SHARES.  Authorized:  100,000,000  common  shares,  without  par
value.

(b)      DIRECTORS  OPTIONS.  The  Company  has reserved 4,000,000 common shares
for  issuance,  exercisable  until August 14, 2004, in accordance with the terms
and  conditions  of  its December 12, 1994, Stock Option Plan; and 48,462 common
shares for issuance exercisable until June 1, 2002, in accordance with the terms
and conditions of its June 1, 1992, Stock Option Plan.  The Company accounts for
stock  compensation arising from options to directors in accordance with APB 25,
"Accounting  for  Stock  Issued  to  Employees".

(c)     EMPLOYEE  OPTIONS.  From time to time the Company issues options for the
purchase  of  common shares to selected part time independent contract employees
as  sole  compensation  for contracted services in accordance with the terms and
conditions  of  its  April  20,  1994,  Stock  Option and Stock Bonus Plan.  The
Company  accounts for compensation arising from these options in accordance with
Statement  of  Financial  Standards  No.  123,  "Accounting  for  Stock  Based
Compensation".  Under  this  statement,  stock  compensation  cost  to  contract
employees  is  measured at the grant date of the stock option based on the value
of  the  award  and  is  recognized  over  the  service  period.

(d)     WARRANTS.  In connection with the private placement of common shares the
Company  has outstanding on August 31, 1999,  warrants for 500,000 common shares
exercisable  until  March,  2000  at  an  exercise  price of $0.22; warrants for
866,667  common  shares exercisable until December, 2000 at an exercise price of
$0.20

(e)     OTHER  SHARE  TRANSACTIONS..  The  Company  has  reserved 107,701 common
shares  for  issuance  upon the potential conversion of a convertible debenture;
and  110,000  common shares for issuance with respect to a potential purchase of
property.

8.     COMMITMENTS  AND  CONTINGENCIES

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 $120,000
(Cdn.)  including  operating  costs.

9.     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.

10.     SUBSEQUENT  EVENTS

The  Company's  convertible callable debenture for $2,000,000 with interest
of $240,000 vested on July 2, 1999.  The Company is currently in negotiations to
restructure  its  obligation.

<PAGE>

Silverado Gold Mines Ltd.
notes to consolidated financial statements
(expressed in U.S. dollars) (unaudited) August 31, 1999


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  1999V.  1998
--------------------------
The  Company  continued  to  engage in limited exploration activities during the
third  quarter  of  1999  It  received  some revenue from sales of existing gold
inventory,  but  received  most  of  its  cash  from  issuance of common shares.
Current  assets  decreased  to  reflect  the  decrease  in  inventory during the
quarter,  while  Buildings, Plant and Equipment were reduced reflecting the sale
of  equipment.  Current  liabilities  increased  as a function of an increase in
short-term  borrowing.  Administrative  expenses  were  reduced  reflecting  the
reduced  level  of  activity.  Current  expenditures  on  property  development
amounted  to  $258,213.

LIQUIDITY  AND  CAPITAL  RESOURCES  AT  AUGUST  31,  1999
---------------------------------------------------------
During  the  first  nine months of 1999 the Company received cash from a private
placement of 866,667 common shares, and from the execution of 2,052,000 warrants
for  common  shares  previously  issued.  At August 31, 1999, the Company's cash
position  remained relatively unchanged at $269 as it continued to incur limited
expenses.

RESULTS  OF  OPERATIONS
-----------------------
     (a)     NOLAN  GOLD  PROJECT
At the 100% owned Nolan Gold Project in northern Alaska, the Company has resumed
its  mining  activities  on  known gold bearing zones defined in exploration and
development  programs  conducted  in  1998.  The  Company  performed  limited
operations  for  gold  recovery  during  the  third  quarter  of  this  year.

     (b)     OTHER  PROPERTIES
The Company continued to maintain its other properties in good standing, pending
further  exploration  and development, subject to the availability of financing.

                           PART II - OTHER INFORMATION
ITEM  4
-------
None.

ITEM  5     OTHER  INFORMATION.
-------     -------------------
None.

ITEM  6     EXHIBITS  AND  REPORTS  ON  FORM  8-K.
-------     --------------------------------------
None.

<PAGE>

Silverado Gold Mines Ltd.
notes to consolidated financial statements
(expressed in U.S. dollars) (unaudited) August 31, 1999

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