SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549



                                   FORM 10-Q


            QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                        SECURITIES EXCHANGE ACT OF 1934

                 FOR THE QUARTERLY PERIOD ENDED AUGUST 31, 2002
                                                ---------------

                           RIPPED CANADA ARTISTS INC.
                           -------------------------

                                    ONTARIO


              390 BAY STREET - SUITE 1620
              TORONTO, ONTARIO                      M5H 2Y2


REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE:  416.368.6161


INDICATE BY CHECK MARK THE REGISTRANT  (1) HAS FILED ALL REPORTS  REQUIRED TO BE
FILED BY SECTION 13 OR 15(d) OF THE  SECURITIES  EXCHANGE ACT OF 1934 DURING THE
PRECEDING 12 MONTHS (OR FOR SUCH SHORTER PERIOD THAT THE REGISTRANT WAS REQUIRED
TO FILE SUCH REPORTS),  AND (2) HAS BEEN SUBJECT TO FILING  REQUIREMENTS FOR THE
PAST 90 DAYS.


                                YES    X        NO
                                    -------        -------

THE NUMBER OF SHARES OUTSTANDING OF REGISTRANT'S COMMON STOCK, PAR VALUE $0.01,
ON AUGUST 31, 2002 WAS 6,474,378.




<PAGE>


--------------------------------------------------------------------------------







                      Financial Statements of


                      CONDOR GOLD CORP.

                      (FORMERLY: RIPPED CANADA ARTISTS INC.)



                      Nine months ended August 31, 2002



                      (Unaudited - Prepared by Management)





<PAGE>
<TABLE>
<CAPTION>


CONDOR GOLD CORP.
(Formerly: Ripped Canada Artists Inc.)
Balance Sheets


 (Prepared by Management)

------------------------------------------------------------------------------------------------
                                                                 August 31,        November 30,
                                                                   2002               2001
                                                                (Unaudited)        (Audited)
------------------------------------------------------------------------------------------------
<S>                                                            <C>                <C>
Assets

Current assets:
     Cash                                                      $         70       $       3,150
     Accounts receivable                                              3,012               3,012
------------------------------------------------------------------------------------------------
                                                                      3,082               6,162
Other
Organization costs                                                    1,572               7,947
Investment in private film production company                       100,000             100,000
Investment in TV and film productions                               520,794             516,886
Marketable securities                                                45,000              45,000
------------------------------------------------------------------------------------------------

                                                               $    670,448          $  675,995
------------------------------------------------------------------------------------------------


Liabilities and Shareholder's Equity

Current liabilities:
     Accounts payable and accrued liabilities                  $     58,799       $      48,299
     Loans and advances from related parties                         32,101             171,714
------------------------------------------------------------------------------------------------
                                                                     90,900             220,013


Shareholders' equity
     Share capital                                                1,456,785           1,285,071
     Deficit                                                       (877,237)           (829,089)
------------------------------------------------------------------------------------------------
                                                                    579,548             455,982


                                                              $     670,448       $     675,995
------------------------------------------------------------------------------------------------
</TABLE>



<PAGE>
<TABLE>
<CAPTION>


CONDOR GOLD CORP.
(Formerly: Ripped Canada Artists Inc.)
Statements of Operations and Deficit
Nine months ended August 31, 2002 and 2001

(Unaudited - Prepared by Management)


                                                      2002                                2001
----------------------------------------------------------------------------------------------------------
                                           3 Months        Year to Date         3 Months      Year to Date
----------------------------------------------------------------------------------------------------------
<S>                                       <C>              <C>                 <C>            <C>
Revenue
     Revenue from disc sales              $      514       $    23,083          $  6,150           $ 6,150
----------------------------------------------------------------------------------------------------------

Expenses:
     Abandoned mining claims                       -                 -            20,949           260,476
     Management fees                          15,000            45,000            33,000            45,000
     Consulting fees                               -            10,500            12,765            12,765
     Office, general and administration          371             3,012            (4,692)            9,643
     Occupancy costs                               -             4,500             2,250             7,000
     Professional fees                             -                 -                 -             2,300
     Shareholder information                     267             1,594                 -                 -
     Listing and transfer agents fees              -               250             1,486             3,739
     Amortization                              2,125             6,375             5,775             6,375
----------------------------------------------------------------------------------------------------------
                                              17,763            71,231            71,533           347,297
----------------------------------------------------------------------------------------------------------


Income (loss) for the period                 (17,249)          (48,148)          (65,383)         (341,148)

Deficit, beginning of period                (859,988)         (829,089)         (752,086)         (476,321)
----------------------------------------------------------------------------------------------------------

Deficit, end of period                    $ (877,237)      $  (877,237)         (817,469)         (817,469)
----------------------------------------------------------------------------------------------------------


Loss per share                            $   (0.002)      $    (0.007)        $ (0.016)         $ (0.079)
----------------------------------------------------------------------------------------------------------
</TABLE>



<PAGE>
<TABLE>
<CAPTION>


CONDOR GOLD CORP.
(Formerly: Ripped Canada Artists Inc.)
Statements of Cash Flows
Nine months ended August 31, 2002 and 2001

(Unaudited - Prepared by Management)
                                                              2002                                2001
--------------------------------------------------------------------------------------------------------------------
                                                    3 Months       Year to Date          3 Months       Year to Date
--------------------------------------------------------------------------------------------------------------------
<S>                                              <C>              <C>                  <C>             <C>
Cash provided by (used) in:

Operating activities:
     Loss for the period                         $    (17,249)    $     (48,148)       $  (65,383)      $ (341,148)
     Items not involving cash:
         Amortization                                   2,125             6,375             5,775            6,375
         Write down of mining interests                     -                 -            20,949          260,476
       Changes in non-cash operating
       working capital balances                             -            10,500           (12,361)         (11,649)
--------------------------------------------------------------------------------------------------------------------

                                                     (15,124)          (31,273)          (51,020)          (74,297)
--------------------------------------------------------------------------------------------------------------------
Financing activities:
     Loans and advances from related parties
                                                     (156,614)         (139,613)           50,200           59,958
     Issue of common shares                           171,714           171,714             6,500           34,625
--------------------------------------------------------------------------------------------------------------------

                                                      15,100            32,101            56,700            94,583
--------------------------------------------------------------------------------------------------------------------

Investing activities:
     Investment in film productions                         -            (3,908)            4,978)          (7,641)
     Investment in marketable securities                    -                 -                 -          (45,000)
     Reduction in oil and gas assets                        -                 -                 -           45,000
--------------------------------------------------------------------------------------------------------------------

                                                           -             (3,908)           (4,978)          (7,641)
--------------------------------------------------------------------------------------------------------------------

Increase (decrease) in cash                               (24)           (3,080)              702              996

Cash, beginning of period                                  94             3,150             1,059              765
--------------------------------------------------------------------------------------------------------------------

Cash, end of period                              $         70     $          70        $    1,761       $    1,761
--------------------------------------------------------------------------------------------------------------------
</TABLE>




<PAGE>


CONDOR GOLD CORP.
(Formerly: Ripped Canada Artists Inc.)
Notes to Financial Statements

Nine months ended August 31, 2002 and 2001
(Unaudited - Prepared by Management)

--------------------------------------------------------------------------------




1.   Accounting policies:

     The  enclosed  unaudited  financial  statements  for the nine months  ended
     August  31,  2002 and  2001  conform  with  generally  accepted  accounting
     principals  in  Canada  for  interim  financial  reporting.   However,  the
     unaudited  financial  statements  for the nine months ended August 31, 2002
     and 2001 do not conform in all respects to the disclosure  and  information
     that is required for annual financial statements.  For further information,
     see the Corporation's  November 30, 2001 audited financial statements.  The
     accounting  policies  and methods  followed in  preparing  these  financial
     statements are those used by Condor Gold Corp. (the  "Corporation")  as set
     out in the November 30, 2001 audited financial  statements,  except for the
     following:

     Stock Option Compensation

     The Company has adopted section 3870 of the CICA Handbook from the Canadian
     Institute of Chartered  Accountants for stock-based  compensation and other
     stock-based  payments.  This  section  required  the Company to provide pro
     forma  earnings  and  earnings  per  share,  as if the  fair  market  based
     accounting had been used to account for stock-based  compensation costs, if
     the fair market based accounting  method was not presented in the statement
     of operations

     In the opinion of management, all adjustments considered necessary for fair
     presentation  have been included in these financial  statements.  Operating
     results for the six months ended August 31, 2002 are not  indicative of the
     results that may be expected for the full year ended November 30, 2002.

2.   Share capital:

     (a)  Authorized:

          Unlimited number of common shares

     (b)  Issued:

         --------------------------------------------------------------------
                                                                     Number
                                              Amount               of shares
         --------------------------------------------------------------------

         Balance, November 30, 2001          4,757,238         $    1,285,071
         --------------------------------------------------------------------

         Issued on settlement of debts       1,717,140                171,714

         Balance, August 31, 2002            6,474,378          $   1,456,785
         --------------------------------------------------------------------

<PAGE>




CONDOR GOLD CORP.
(Formerly: Ripped Canada Artists Inc.)
Notes to Financial Statements

Nine months ended August 31, 2002 and 2001
(Unaudited - Prepared by Management)

--------------------------------------------------------------------------------

2.   Share capital (continued):

     (c)  Stock options:

          At August 31, 2002 there were employee  stock options  outstanding  to
          purchase  65,000 common  shares at prices  between $0.25 and $0.35 per
          share until March 27, 2006.



3.   Income taxes:

          At August 31,  2002 the  Corporation's  income tax expense was nil. No
          benefit related to available  non-capital loss carry forwards has been
          recognized in these financial statements.

          The  future  income  tax assets or  liabilities  that may result  from
          differences  in  tax  values  and  accounting  values  have  not  been
          reflected in these financial statements.



5.   Related party transactions:

          Related party transactions not disclosed  elsewhere in these financial
          statements are as follows:

     (a)  During the period  ended  August 31,  2002 the  Company  paid $ 45,000
          (2001: $ 36,000) for management,  consulting,  rent and administrative
          services to companies related by virtue of common directors.

     (b)  The loans and advances from related parties are interest free and have
          no fixed terms of repayment.




                                  SIGNATURES

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 there unto duly authorized.


                                                   Condor Gold Corp.


                                            /s/ Alexander Stewart
                                            ------------------------------------
                                            Name: Alexander Stewart
                                            Title: Chairman and C.E.O


                                            /s/ Stephen Stewart
                                            ------------------------------------
                                            Name:  Stephen Stewart
                                            Title: C.F.O and V.P.



Dated: October 15, 2002