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  FEBRUARY  29,  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                       (I.R.S. Employer I.D. No)
of  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 April 10, 2000
----------------------------------                ------------------------------
(Common  stock  (npv))                                   25,089,891

<PAGE>

<TABLE>
<CAPTION>

SILVERADO  GOLD  MINES  LTD.
CONSOLIDATED  BALANCE  SHEETS
(EXPRESSED  IN  U.S.  DOLLARS)  (UNAUDITED)                                   AS  AT
                                                              FEBRUARY 29,               NOVEMBER 30,
                                                                      2000                 1999
                                                               -------------------  -------------------
<S>                                                            <C>                  <C>
Assets
Current Assets
  Gold inventory. . . . . . . . . . . . . . . . . . . . . . .  $           10,567   $           10,567
  Accounts receivable . . . . . . . . . . . . . . . . . . . .              86,741               79,935
                                                                           97,308               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 . . . . . . . . . . . . . . .          (1,627,976)          (1,538,322)
                                                               -------------------  -------------------
                                                                        1,354,632            1,444,286

                                                               $        2,676,140   $        2,758,988
                                                               -------------------  -------------------

Liabilities and Shareholders' Equity
Current Liabilities
  Bank indebtedness . . . . . . . . . . . . . . . . . . . . .  $           47,235   $            2,385
  Accounts payable and accrued liabilities (note 5) . . . . .           1,338,720            1,162,023
  Loans payable . . . . . . . . . . . . . . . . . . . . . . .              49,130               49,130
  Mineral claims payable. . . . . . . . . . . . . . . . . . .             286,500              286,500
  Convertible debenture, current portion. . . . . . . . . . .           2,000,000            2,000,000
                                                               -------------------  -------------------
                                                                        3,721,585            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:
    February 29, 2000 - 15,873,224 shares . . . . . . . . . .          44,454,365           44,454,365
    November 30, 1999 - 15,873,224  shares
  Shares to be issued . . . . . . . . . . . . . . . . . . . .              72,333               28,188
  Deficit . . . . . . . . . . . . . . . . . . . . . . . . . .         (45,647,143)         (45,298,603)
                                                                       (1,120,445)            (816,050)
                                                               -------------------  -------------------

                                                               $        2,676,140   $        2,758,988
                                                               -------------------  -------------------


See accompanying notes to consolidated financial statements.
</TABLE>

<PAGE>

<TABLE>
<CAPTION>

SILVERADO  GOLD  MINES  LTD.
CONSOLIDATED  STATEMENTS  OF  CASH  FLOWS
                  (EXPRESSED IN U.S. DOLLARS) (UNAUDITED)
                                                                                  THREE MONTHS ENDED
                                                                            FEBRUARY 29,             FEBRUARY 28,
                                                                                2000                     1999
                                                                     --------------------------  --------------------
<S>                                                                  <C>                         <C>
CASH PROVIDED BY (USED FOR):

Operations:
  Loss for the period . . . . . . . . . . . . . . . . . . . . . . .  $                (348,540)  $          (407,879)
  Items not involving cash:
    Depreciation. . . . . . . . . . . . . . . . . . . . . . . . . .                     89,654                75,694
    Amortization of deferred financing fees . . . . . . . . . . . .                          -                 9,300
  Changes in non-cash operating working capital:
    Increase in accounts receivable . . . . . . . . . . . . . . . .                     (6,806)               (4,083)
    Decrease in gold inventory. . . . . . . . . . . . . . . . . . .                          -                14,601
    Decrease (increase) in prepaid expenses paid to related parties                          -                94,360
    Increase in accounts payable and accrued liabilities. . . . . .                    176,697                 1,027
                                                                     --------------------------  --------------------
                                                                                       (88,995)             (216,980)

Financing:
  Bank indebtedness . . . . . . . . . . . . . . . . . . . . . . . .                     47,235                     -
  Shares issued for cash. . . . . . . . . . . . . . . . . . . . . .                          -               129,600
  Share subscriptions received. . . . . . . . . . . . . . . . . . .                     44,145                     -
  Increase in loans payable . . . . . . . . . . . . . . . . . . . .                          -                88,795
                                                                     --------------------------  --------------------
                                                                                        91,380               218,395

Investments:
  Proceeds from sale of equipment . . . . . . . . . . . . . . . . .                          -                 6,846
                                                                     --------------------------  --------------------
                                                                                             -                 6,846

Increase (decrease) in cash . . . . . . . . . . . . . . . . . . . .                      2,385                 8,261
Cash (bank indebtedness) at beginning of the period . . . . . . . .                     (2,385)               (4,396)
                                                                     --------------------------  --------------------

Cash at end of the period . . . . . . . . . . . . . . . . . . . . .                         -   $             3,865
                                                                     --------------------------  --------------------


See accompanying notes to consolidated financial statements.
</TABLE>

<PAGE>

<TABLE>
<CAPTION>

SILVERADO  GOLD  MINES  LTD.
CONSOLIDATED  STATEMENTS  OF  OPERATIONS
AND ACCUMULATED DEFICIT
(EXPRESSED  IN  U.S.  DOLLARS)  (UNAUDITED)                                THREE MONTHS ENDED
                                                                   FEBRUARY 29,            FEBRUARY 28,

                                                                       2000                   1999
                                                              ----------------------  ---------------------
<S>                                                           <C>                     <C>
Revenue from gold sales. . . . . . . . . . . . . . . . . . .  $                   -   $             15,859
  Less mining and processing costs . . . . . . . . . . . . .                      -                 14,600
                                                              ----------------------  ---------------------
Loss from Operations . . . . . . . . . . . . . . . . . . . .                      -                  1,259

Exploration and development expenditures . . . . . . . . . .                      -                175,011

Administrative expenditures. . . . . . . . . . . . . . . . .                348,540                234,127
                                                              ----------------------  ---------------------

Loss for the period. . . . . . . . . . . . . . . . . . . . .               (348,540)              (407,879)

Accumulated deficit at beginning of the period . . . . . . .            (45,298,603)           (43,161,796)
                                                              ----------------------  ---------------------

Accumulated deficit at end of the period . . . . . . . . . .  $         (45,647,143)  $        (43,569,675)
                                                              ----------------------  ---------------------

Loss per share . . . . . . . . . . . . . . . . . . . . . . .                 (0.02)                (0.04)
                                                              ----------------------  ---------------------

See accompanying notes to consolidated financial statements.
</TABLE>

<PAGE>

<TABLE>
<CAPTION>

SILVERADO GOLD MINES LTD.
CONSOLIDATED  STATEMENTS  OF  CHANGES  IN  SHARE  CAPITAL
EXPRESSED  IN  U.S.  DOLLARS

YEARS  ENDED  NOVEMBER  30,  1999,  1998,  AND  1997
                                                                                          UNAMORTIZED  ADVANCES TO RELATED
                                                                                             STOCK      PARTIES SECURED BY
                                                                   NUMBER OF     SHARE    COMPENSATION    COMMON SHARES
                                                                     SHARES      CAPITAL     EXPENSE     IN THE COMPANY

<S>                                                               <C>           <C>          <C>         <C>
                                                                  ------------  -----------  ----------  ----------------
Balance at November 30, 1996 . . . . . . . . . . . . . . . . . .   56,406,493   $38,651,294  $       -   $             -
                                                                  ------------  -----------  ----------  ----------------

Year ended November 30, 1997
  Shares issued:
    Share split. . . . . . . . . . . . . . . . . . . . . . . . .    4,934,725             -
    On exercise of contract employee share options . . . . . . .    3,390,000       487,500
    On exercise of warrants. . . . . . . . . . . . . . . . . . .      600,000       102,000
    Private placements for cash. . . . . . . . . . . . . . . . .   14,181,000     2,863,229
    Private placement for consulting services: . . . . . . . . .      500,000
            For cash . . . . . . . . . . . . . . . . . . . . . .                        500
            For consulting services. . . . . . . . . . . . . . .                    169,500
  Fair value of share options granted to contract employees. . .                    771,389
  Fair value of share options granted to consultants . . . . . .                     39,008
  Stock compensation cost. . . . . . . . . . . . . . . . . . . .                              (151,612)
  Advances to related parties. . . . . . . . . . . . . . . . . .                                                (480,236)
                                                                  ------------  -----------  ----------  ----------------
                                                                   23,605,725     4,433,126   (151,612)         (480,236)
                                                                  ------------  -----------  ----------  ----------------
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 by related party. . . .                                                 225,448
  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          -                 -
                                                                  ------------  -----------  ----------  ----------------

Year ended November 30, 1999
  Shares issued:
    On exercise of warrants for cash . . . . . . . . . . . . . .    4,008,667       250,050
    Private placements for cash. . . . . . . . . . . . . . . . .      866,667       129,395
                                                                  ------------  -----------  ----------  ----------------
                                                                    4,875,334       379,445          -                 -
                                                                  ------------  -----------  ----------  ----------------

Balance as at November 30, 1999. . . . . . . . . . . . . . . . .   15,873,224   $44,454,365  $       -   $             -
                                                                  ------------  -----------  ==========  ================

Balance as at Feb 29, 2000
  Shares issued:
    On exercise of warrants for cash


                                                                            -   $         -
                                                                  ------------  -----------

Balance as at Feb 29, 2000 . . . . . . . . . . . . . . . . . . .   15,873,224   $44,454,365
                                                                  ------------  -----------


See accompanying notes to the consolidated financial statements.
</TABLE>

<PAGE>

SILVERADO  GOLD  MINES  LTD.
NOTES  TO  CONSOLIDATED  FINANCIAL  STATEMENTS
(EXPRESSED  IN  U.S.  DOLLARS)  (UNAUDITED)  FEBRUARY  29,  2000

1.     BASIS  OF  PRESENTATION

The  consolidated financial statements as at February 29, 2000 and for the three
month  period  ended  February 29, 2000 and February 28, 1999 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 period.  These
consolidated financial statements are presented in accordance with United States
generally  accepted  accounting  principles.  The  results of operations for the
three month period ended February 29, 2000 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 and estimated net
realizable value.  At February 29, 2000 and February 28, 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 properties are placed
into  production  or  abandoned. At that time, costs are amortized on a units of
production  basis  or written off. The Company is in arrears of required mineral
claims and option payments for certain of its mineral properties at February 29,
2000,  in  the  amount  of  $286,500  (Nov.  30/99  $286,500).

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.

<TABLE>
<CAPTION>

     Accounts  payable  and  accrued liabilities are delineated in the following
table:
                                                           NOVEMBER  30,
                              FEBRUARY 29, 2000                1999
                            ----------------------------  ----------------
<S>                           <C>                          <C>
Accounts payable               $  792,303                   $  659,356
Accrued interest                  350,417                      306,667
Accrued reclamation
expenses                          196,000                      196,000
                               ----------                   ----------
                               $1,338,720                   $1,162,023
                               ==========                   ==========
</TABLE>

<PAGE>

SILVERADO  GOLD  MINES  LTD.
NOTES  TO  CONSOLIDATED  FINANCIAL  STATEMENTS
(EXPRESSED  IN  U.S.  DOLLARS)  (UNAUDITED)  FEBRUARY  29,  2000

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 $320,000 to December 31,
1999.  Total  interest payable at February 29, 2000, amounting  to $ 346,666 has
been  recorded  as  a  current  liability. The Company was granted a deferral of
these  payments  based  on monthly progress updates until financing is in place.
The  Company  is  currently  in  negotiations  to  restructure  its  obligation.

     On  February  15,  1999,  the  Company  issued  a convertible debenture for
U.S.$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. Total interest payable
at February 29, 2000 amounts to $3,750.

7.     SHARE  CAPITAL

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

(B)    WARRANTS.  The  Company  has  3,366,667  warrants outstanding to purchase
common shares at prices in the range of $0.04  TO  $2.20.

On  February  8,  the Company entered into an agreement with a warrant holder to
amend  the  number  of  warrants  available  for  exercise.  The  warrant holder
exercised  on March 8, 2000  the 2,000,000 share purchase warrant exercisable AT
$0.04  PER  common  share  for  gross  proceeds  of  $80,000.

On  March  14, 2000, the Company issued 1,400,000 units at $0.05 per unit by way
of a private placement for gross proceeds of $70,000.  Each unit consists of one
common  share  and  one  share  purchase  warrant.  Each  share purchase warrant
entitles  the  holder to acquire an additional common share at an exercise price
of  $0.10  for  a  two-year  period.

On March 15, 2000, the company issued 866,667 common shares on exercise of share
purchase  warrants.  Proceeds were received prior to February 29, 2000.

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

8.     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.

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.

<PAGE>

10.     SUBSEQUENT  EVENTS

     On  February 8, the Company entered into an agreement with a warrant holder
to  amend  the  number  of  warrants available for exercise.  The warrant holder
exercised  on March 8, 2000  the 2,000,000 share purchase warrant exercisable at
$0.0.04  per  common  share  for  gross  proceeds  of  $80,000.


SILVERADO  GOLD  MINES  LTD.
NOTES  TO  CONSOLIDATED  FINANCIAL  STATEMENTS
(EXPRESSED  IN  U.S.  DOLLARS)  (UNAUDITED)  FEBRUARY  29,  2000

     On  March  8, 2000, the Company issued 1,750,000 units at $0.04 per unit by
way of a private placement for gross proceeds of $70,000.  Each unit consists of
one  common  share  and one share purchase warrant.  Each share purchase warrant
entitles  the  holder to acquire an additional common share at an exercise price
of  $0.08  for  a  two-year  period.

     On  March 14, 2000, the Company issued 1,400,000 units at $0.05 per unit by
way of a private placement for gross proceeds of $70,000.  Each unit consists of
one  common  share  and one share purchase warrant.  Each share purchase warrant
entitles  the  holder to acquire an additional common share at an exercise price
of  $0.10  for  a  two-year  period.

On  March  16, 2000, the Company entered into an agreement with a warrant holder
to  amend  the  number  of  warrants available for exercise.  The warrant holder
exercised 500,000 of the share purchase warrant, exercisable at $0.22 per common
share  for  gross  proceeds  of  $110,000.

     On  March  21,  2000, the Company granted 350,000 options to acquire common
shares  with  an exercise price of $0.35 per share exercisable until December 1,
2004,  in  accordance  with  the  terms and conditions of its December 12, 1994,
Stock  Option  Plan.

     On  March  22, 2000, the Company issued 1,000,000 shares at $0.10 per share
by  way  of  a  private  placement  for  gross  proceeds  of  $100,000.

     On  March  28,  2000, the Company issued 700,000 units at $0.20 per unit by
way  of  a private placement for gross proceeds of $140,000.  Each unit consists
of one common share and one share purchase warrant.  Each share purchase warrant
entitles  the  holder to acquire an additional common share at an exercise price
of  $0.40  for  a  two-year  period.


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.

THREE  MONTHS  2000  V.  1999
-----------------------------

The  Company continued its work on a new fuel process as well as engineering and
planning  for  summer  gold  production  and development at its Nolan gold mine.
$44,145  in cash was received for share subscriptions.  Expenditures during the
three months ended February 29, 2000 were $348,540 slightly down from $409,138
in the comparable period.

<PAGE>

SILVERADO  GOLD  MINES  LTD.
NOTES  TO  CONSOLIDATED  FINANCIAL  STATEMENTS
(EXPRESSED  IN  U.S.  DOLLARS)  (UNAUDITED)  FEBRUARY  29,  2000

LIQUIDITY  AND  CAPITAL  RESOURCES  AT  FEBRUARY  29,  2000
-----------------------------------------------------------

During  the  first  three months of 2000 the Company received cash of $44,145
from share subscriptions.  The Company has a working capital deficiency of
$3,624,277 at February 29, 2000 compared to $3,409,536 at November 30, 1999.

RESULTS  OF  OPERATIONS
-----------------------

(A)     At  the  100%  owned  Nolan  property  in arctic Alaska, the Company has
completed  its  development  plans  for  the deep Nolan channel.  Also plans are
complete  for  the open-cut mining and gold extraction to take place this summer
and  fall from a rich tract of gold bearing ground called Workman's Bench.  Work
in  this  area  last  fall disclosed gold bearing gravel over an extensive area.

(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.

<PAGE>

                           PART II - OTHER INFORMATION

ITEM  4
-------

None.

ITEM  5     OTHER  INFORMATION.
-------     -------------------

None.

ITEM  6     EXHIBITS  AND  REPORTS  ON  FORM  8-K.
-------     --------------------------------------

Exhibits

(27)     Financial Data Schedule

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