UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                        --------------------------------
                                   FORM 10-QSB

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

          For the Quarterly Period ended March 31, 1999

     |_|  TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
          ACT OF 1934

          For the Transition Period from _________ to _________
          Commission File Number _____________________




                         IDAHO CONSOLIDATED METALS CORP.
        (Exact Name of Small Business Issuer as Specified in its Charter)

   British Columbia, Canada                             82-0465571
(State or other jurisdiction of             (I.R.S. Employer Identification No.)
incorporation or organization)


                           504 Main Street, Suite 470
                              Post Office Box 1124
                              Lewiston, Idaho 83501
                    (Address of Principal Executive Offices)

                                 (208) 743-0914
                (Issuer's Telephone Number, Including Area Code)



Check  whether  the issuer  has (1) filed all  reports  required  to be filed by
Section  13 or 15(d) of the  Exchange  Act  during  the past 12 months  (or such
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 |_| No
|X|

State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date: 12,581,573 as of March 31, 1999.

Transitional Small Business Disclosure Format (check one):  Yes  |_|  No |X|



<PAGE>



                         IDAHO CONSOLIDATED METALS CORP.

                                   Form 10-QSB
                   For the Fiscal Quarter ended March 31, 1999


                                TABLE OF CONTENTS

<TABLE>

                                                                                                               Page

PART I
<S>                                                                                                              <C>
FINANCIAL INFORMATION

   ITEM 1.  FINANCIAL STATEMENTS OF THE COMPANY...................................................................3
   ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION.............................................4


PART II

OTHER INFORMATION

   ITEM 1.  LEGAL PROCEEDINGS.....................................................................................7
   ITEM 2.  CHANGES IN SECURITIES AND USE OF PROCEEDS.............................................................9
   ITEM 3.  DEFAULTS UPON SENIOR SECURITIES......................................................................11
   ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS..................................................11
   ITEM 5.  OTHER INFORMATION....................................................................................11
   ITEM 6.  EXHIBITS AND REPORTS FILED ON FORM 8-K...............................................................11


SIGNATURES.......................................................................................................12

</TABLE>






                                     Page 2
<PAGE>


                                     PART I
                              FINANCIAL INFORMATION


ITEM 1.  FINANCIAL STATEMENTS OF THE COMPANY

The following unaudited financial statements for the period ended 31 March, 1999
are  included  in response  to Item 1 and have been  compiled by Staley,  Okada,
Chandler & Scott, Chartered Accountants.

The  financial  statements  should  be read  in  conjunction  with  Management's
Discussion  and Analysis or Plan of Operations and other  financial  information
included elsewhere in this Form 10-QSB.








                                     Page 3
<PAGE>


ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

This  Form  10-QSB  contains  forward-looking   statements.  A  forward  looking
statement  may contain  words such as "will  continue to be," "will be," "expect
to,"  "anticipates  that," "to be" or "can  impact."  Management  cautions  that
forward-looking  statements  are subject to risks and  uncertainties  that could
cause the Company's actual results to differ  materially from those projected in
forward-looking statements.

1.   Results of Operations

First Quarter 1999 Compared with First Quarter 1998

The Company is in the  exploration  stage and has yet to generate  revenue  from
production. The Company continues to explore its mineral properties in an effort
to establish  proven ore  reserves,  and now has the  additional  resources of a
joint venture partner to assist in this regard.

In the  first  quarter,  general  and  administrative  expenses  decreased  from
$135,596 to $99,071  compared to the first quarter of 1998,  representing  a 27%
savings. Significant decreases were experienced in management fees and wages and
shareholder  information  expenses. On a quarter over quarter basis, the Company
reduced operating expenses by nearly $37,000.

The Company experienced a net loss for the period of $167,805,  of which $99,071
was related to general and  administrative  expenses.  The Company had a loss of
$144,107 for the same period in 1998.

During the  quarter,  the Company  expended  $102,676 on its  resource  property
exploration,  development and acquisition  program as compared to $37,313 in the
comparable 1998 period.  The Company  expended similar amounts during the period
ended March 31, 1999 on the Company's mining interests located in Idaho,  U.S.A.
as in the same  period in 1998.  During the period  ended  March 31,  1999,  the
Company  launched a staking and filing  program in Montana,  U.S.A.and  paid the
related recording fees.

The Company has staked  multiple  sulfide rich  horizons  that are  anomalous in
platinum and  palladium  adjacent to the  operating  Stillwater  Mine located in
Stillwater and Sweet Grass counties,  Montana. The Company conducted research of
the geology of the area and  detailed  title  research  into the land  position.
Based on the results of that  research,  the Company  staked two large blocks of
claims. The first contiguous block of 155 claims is located adjacent to the J.M.
Reef. The second zone consists of 119 claims along the Picket Pin Zone.

The Company also  negotiated  an agreement  with Platinum Fox and entered into a
Letter of Intent on 54 claims  located  near  Chrome  Mountain,  Montana.  These
claims are  contiguous to claims staked near the  Stillwater  Mine. The copying,
research  and  recording  costs  incurred in the period  ended  March 31,  1999,
amounted to $80,273 as compared to $0 in the same period in 1998.





                                     Page 4
<PAGE>


2.   Liquidity and Capital Resources

The  Company  is  dependent  on the  proceeds  of debt  and  equity  financings,
including but not limited to public offerings, private placements,  issuances of
convertible securities and the exercise of stock options or warrants, as well as
from the  optioning  or sale of its  properties  and the sale of other assets to
fund its general and administrative expenditures and its mineral exploration and
development  costs.  Without  such  proceeds,  the Company may not continue as a
going  concern.  See  note  1 to  the  Company's  December  31,  1998  Financial
Statements  for additional  information.  The Company will need further funds to
continue its operations  and there is no reasonable  assurance that such funding
will be available.

During the quarter ended March 31, 1999,  the Company as borrower,  entered into
Convertible  Loan Agreement #6 with the  Tomasovich  Family Trust as lender (the
"Trust"),  Theodore Tomasovich being both Trustee of the Trust and a Director of
the Company, for $115,000 repayable on or before January 28, 2001 (the "Maturity
Date")  bearing  interest at 9% per annum.  The Trust may require the Company to
convert all or any portion of the principal amount of the loan advanced and then
outstanding  into units  ("Units")  at a  conversion  price of one Unit for each
C$0.15 of indebtedness  until and including January 28, 2000 and at a conversion
price of one Unit for each C$0.20 of indebtedness during the period from January
29,  2000  until the  Maturity  Date for a  maximum  of  1,172,847  units if the
principal  amount is converted in its entirety by January 28, 2000 and a maximum
of 879,635  units if the principal  amount is converted in its entirety  between
January 29, 2000 and the Maturity  Date.  Each Unit consists of one common share
and one  non-transferable  common share purchase warrant with each warrant being
exercisable at a price of C$0.15 per share until January 28, 2000 and C$0.20 per
share from January 29, 2000 to the Maturity Date. The Convertible Loan Agreement
was accepted by the VSE on February 9, 1999.

Based upon  Canadian  generally  accepted  accounting  principles,  the $115,000
convertible  security instrument has been allocated $72,778 to notes payable and
$42,222 to equity  based upon the fair  value of the  equity  component.  As the
equity  component is not detachable,  the amount would be recorded as a $115,000
note payable for U.S. generally accepted accounting principles.

During the quarter  ended March 31,  1999,  the  Company  closed a  non-brokered
private placement ("Private Placement") which resulted in the issue of 2,000,000
units. Each unit consisted of one common share and one non-transferable warrant.
Each warrant  entitles the holder to purchase one additional share at a price of
C$0.15 per share in the first year and C$0.18 per share in the second year.  The
Vancouver  Stock  Exchange  ("VSE")  accepted the Private  Placement  for filing
effective  March 24, 1999, and the shares were issued from treasury on March 29,
1999.

During  the  quarter  ended  March  31,  1999,  the  Trust  elected  to  convert
convertible loans #1 and #2 aggregating $210,000 of the notes issued during 1998
for  1,146,923  units of the Company.  Each unit consists of one common share of
the Company's stock and one non-transferable share purchase warrant. The Company
reduced notes payable by $154,946, reduced convertible securities by $27,527 and
increased share capital by $182,473 on conversion of these notes.  The remaining
$27,527 of equity remains in convertible  securities  until the related warrants
are exercised.



                                     Page 5
<PAGE>


The Company  anticipates,  based on  currently  proposed  plans and  assumptions
relating to its  operations  and  exploration  activities,  that the proceeds of
Convertible Loan Agreement #6 and the Private Placement (without the exercise of
any  of  the  warrants)   will  not  be  sufficient  to  satisfy  the  Company's
contemplated cash  requirements for the following 12 month period.  Any proceeds
from the  exercise of stock  options or warrants  will be applied to satisfy the
Company's  contemplated cash requirements.  The remaining proceeds, if any, will
be  added  to  general  working  capital  purposes  or  used to  reduce  current
liabilities.

The  Company  plans  to  conduct  exploration  and  development  on its  various
properties  within  the  constraints  of  current  market  conditions,  with its
objective being the maximization of geologic  understanding of the projects with
minimal expenditures. The Company's estimated budget, for the remainder of 1999,
for all  properties  is  $850,000  including  BLM  rental  fees and  contractual
payments to underlying claim owners. The Company intends to conduct an extensive
exploration  program on the recently staked and optioned claims located near the
operating  Stillwater  Mine in  Montana.  The program  will  consist of mapping,
sampling,  geophysics and drilling by the Fall of 1999. The  anticipated  budget
for this program is $500,000 and is within the $850,000 budget for the remainder
of fiscal 1999.  The remainder of the $850,000  budget will be spent on geologic
mapping, sampling and assays, geologic interpretation,  geophysics,  geochemical
soil sampling,  property payments and claim rental fees. The estimated budget is
exclusive of  expenditures by the Company's joint venture partner on the Petsite
property.

The Company  requires  approximately  $200,000  for  general and  administrative
expenses  for the  remainder  of the fiscal  year and  approximately  $8,000 for
payments on its notes payable. The Company anticipates  repayment of these notes
from the proceeds of the Private  Placement,  the proceeds of  convertible  debt
issues and the exercise of stock options and warrants.

As at March 31, 1999, the Company has a working  capital  deficiency of $238,072
versus a working  capital  deficiency  of $427,081  for the same period in 1998.
Accounts  payable to  related  parties  accounts  for  approximately  35% of the
deficiency.  The Company  anticipates  improvement of this  deficiency  from the
proceeds of private  placements  and the exercise of stock  options and warrants
during 1999.

Positive cash flow from the financing  activities of the Company of $315,000 and
$208,999  were  recorded  during the  quarters  ended  March 31,  1999 and 1998,
respectively. The convertible securities increased to $264,557 at March 31, 1999
from $0 at March 31, 1998. The long-term debt increased to $696,593 at March 31,
1999 from $221,976 in 1998 and current liabilities decreased to $272,804 in 1999
from  $609,516 in 1998.  Of the March 31, 1999,  current  liabilities,  $172,936
represents  the amount  due to non  related  party  accounts  payable  accounts,
$84,079 represents accounts payable amounts due to various related parties,  and
$15,789 represents the current portion of notes payable.

Negative cash flows from operating  activities of ($195,839) and ($122,487) were
recorded  during the quarters ended March 31, 1999 and 1998,  respectively.  The
Company will continue  recording  negative cash flow from  operating  activities
unless  significant  revenue is generated  from ore  production.  The  continued
negative cash flow will have a material negative impact on liquidity.

Investing  activities  consist  of  funds  being  expended  on  acquisition  and
exploration  of  resource  properties.   The  net  cash  expended  on  investing
activities as of March 31 increased to $104,676 in 1999 from $37,313 in 1998.






                                     Page 6
<PAGE>


                                     PART II
                                OTHER INFORMATION


ITEM 1.  LEGAL PROCEEDINGS

CIVIL SUIT BY GUMPRECHT - PROMISSORY NOTE

During  1997,  a lawsuit was brought  against the  Company,  IMD and Mr.  Joseph
Swisher  by  the   plaintiffs,   Thomas   Gumprecht   and  Bonnie   Witrak  (the
"Plaintiffs"). The Plaintiffs brought the action to collect on a promissory note
dated  October 19, 1995 entered into between the  Plaintiffs  and the Company in
the amount of $250,000. In connection with the execution of the promissory note,
the Company and Plaintiffs entered into a security agreement,  which granted the
Plaintiffs  a  security  interest  in  certain  assets.  The  Plaintiffs  sought
possession of certain assets,  which included  equipment located at the Eckert's
Hill Mine and Mill site and at the Golden Eagle site.  The  Plaintiffs  sought a
judgment in the total  amount of $308,000 for  principal  and interest up to and
including October 1, 1997.

During 1998, the Company elected to allow a default to be entered in the lawsuit
and the Court  ordered the Company to pay the amount of  $332,216  (paid)  which
included  interest through May 17, 1998. The Plaintiffs' claim for attorney fees
was denied by the Court and they have  appealed this  decision.  The Company has
indicated  its  willingness  to attend a settlement  conference to conclude this
matter.

CIVIL SUIT BY GUMPRECHT - SHARE EXCHANGE

During 1996, a lawsuit was brought against IMD and Mr. Joseph Swisher, by Thomas
Gumprecht  (the  "Plaintiff").  During  1997,  the  Plaintiff  filed an  Amended
Complaint  which added the Company  and Delbert and Elli  Steiner as  defendants
(with IMD and Joseph  Swisher,  collectively  the  "Defendants").  The Plaintiff
alleges that the Plaintiff made various loans to Idaho  Non-Metallic  Mineral, a
company owned in part by Mr. Steiner and Mr. Swisher,  in exchange for shares of
Silver Crystal Mines and IMD. The Plaintiff  claims that prior to December 1991,
the parties to the lawsuit had an oral  agreement  to exchange  the  Plaintiff's
shares in Silver Crystal and IMD for 250,000 of the Company's shares, which were
owned by IMD. The Plaintiff is seeking  transfer of such shares.  The Defendants
deny that any such oral agreement was made and have raised the statute of frauds
and statute of limitations as defenses to the Plaintiff's claims.

During 1998,  the claims for  securities  fraud and negligent  misrepresentation
were dismissed by the Court, on summary  judgment.  The remaining  claims of the
lawsuit are in the discovery  phase and a trial date has been set for August 23,
1999.  The Company is of the view that the  allegations  are  generally  without
merit and will continue to defend such actions vigorously.

CIVIL SUIT BY GUMPRECHT - DERIVATIVE ACTION

Thomas Gumprecht and Kirke White (the "Plaintiffs")  filed an Amended Complaint,
Shareholders  Direct and  Derivative  Action in the District Court of the Second
Judicial  District  of the  State of  Idaho,  in and for the  County of Idaho on
August 5, 1997.  While the Complaint names the Company as a defendant on several
pages,  the Company is not named  formally as a party to the Amended  Complaint.
The lawsuit  makes  allegations  against Mr.  Steiner and names the Company with
respect to the transfer of various funds and alleged agreements between Mr.
Steiner and the Plaintiffs set out more particularly as follows:





                                     Page 7
<PAGE>


The  Plaintiffs  allege that Mr. Joseph  Swisher was involved in the creation of
the Company,  an allegation  that the Company  denies.  The  Plaintiffs  further
allege that the Company paid Silver Crystal $800,000 for the construction of the
Eckert's Hill Mine and Mill site which the Company admits. The Plaintiffs allege
that such funds were diverted for the personal use of Mr. Joseph Swisher,  which
the Company denies.  These funds were utilized by the Company for an independent
metallurgical  evaluation of the entire  Swisher-Br  Process and for general and
administrative expenditures.

The  Plaintiffs  alleged that an agreement  was made in August of 1995 by IMD to
exchange the  Plaintiffs'  stock in Silver Crystal for that of the Company owned
by IMD. The Company admits an offer was made to this effect but denies that such
offer was accepted and as a result no agreement was formed.

The Plaintiffs allege that Mr. Steiner solicited funds from the Plaintiffs while
acting as their attorney and deposited such funds into his attorney/client trust
account and/or his attorney general business account. The Plaintiffs allege such
funds were given to Mr.  Steiner in exchange for stock in the Company,  owned by
IMD, which was not delivered.  The Plaintiffs  allege that the  solicitation  of
funds,  the depositing of such funds into Mr.  Steiner's  client  accounts,  the
disbursement of such funds without accounting, and the failure transfer stock to
the Plaintiffs  exhibits negligence by failure to exhibit the care expected of a
reasonably  prudent attorney acting in the same or similar  circumstances in the
same or similar community. Mr. Steiner specifically denies soliciting funds from
the Plaintiffs and states that the  disbursement of such funds was undertaken at
the  instruction of the Plaintiff,  Mr.  Gumprecht.  All alleged  negligence was
prior to or at the time of the  incorporation  of the  Company and for which the
statute  of  limitations  has  run,  prior  to the  date  of the  filing  of the
complaint.  Mr.  Steiner  further  denies the  remainder  of the  aforementioned
allegations.

The Plaintiffs  are seeking  recission and  restitution  of funds,  compensatory
damages,  specific  performance  of the alleged  contract,  the  formation  of a
constructive  trust in the Golden Eagle Mining  properties and all Company stock
owned by Mr.  Joseph  Swisher  and IMD,  punitive  damages for  $1,000,000,  and
several  orders  relating to the Golden Eagle  Property,  Silver  Crystal Mines,
Inc., IMD and Mr. Swisher.

The lawsuit is on hold pending the plaintiffs locating a shareholder who will be
willing to represent a class of Silver Crystal shareholders in the action. There
are no specific claims or allegations made against the Company.

The Company is of the view that the allegations are generally  without merit and
will continue to defend such actions vigorously.


CIVIL SUIT AGAINST GEOFFREY MAGNUSON

The Company commenced a lawsuit against Geoffrey  Magnuson,  a former officer of
the Company,  in the District Court of the Second Judicial District of the State
of Idaho,  in and for the County of Nez Perce on September 26, 1997. The Company
sued for  diversion  of corporate  assets,  conversion  of  corporate  property,
including  but not limited to, books,  records and  geological  data,  breach of
fiduciary duty and slander, and sought as relief:

         (a)      an order  compelling  Mr.  Magnuson to account for his alleged
                  misconduct in appropriating the Company's  property and to pay
                  to the  Company  the  amount of such  damage to the  Company's
                  business and goodwill;



                                     Page 8
<PAGE>


         (b)      an  order  mandating  Mr.  Magnuson  to  return  all  property
                  belonging  to the Company and to pay to the Company the amount
                  of any damage to the Company.

On April 21,  1999,  the  Company  filed a  dismissal  of this  action,  without
prejudice.


ITEM 2.  CHANGES IN SECURITIES AND USE OF PROCEEDS

Convertible Promissory Note Payable

On January 28, 1999,  the Company as borrower,  entered  into  Convertible  Loan
Agreement #6 with the Tomasovich Family Trust as lender (the "Trust"),  Theodore
Tomasovich  being both Trustee of the Trust and a Director of the  Company,  for
$115,000  repayable on or before January 28, 2001 (the "Maturity  Date") bearing
interest  at 9% per annum.  The Trust may  require the Company to convert all or
any portion of the principal  amount of the loan  advanced and then  outstanding
into  units  ("Units")  at a  conversion  price of one Unit for each  C$0.15  of
indebtedness  until and including  January 28, 2000 and at a conversion price of
one Unit for each C$0.20 of indebtedness during the period from January 29, 2000
until the Maturity Date for a maximum of 1,172,847 units if the principal amount
is converted in its entirety by January 28, 2000 and a maximum of 879,635  units
if the principal  amount is converted in its entirety  between  January 29, 2000
and  the  Maturity  Date.  Each  Unit  consists  of one  common  share  and  one
non-transferable   common  share  purchase   warrant  with  each  warrant  being
exercisable at a price of C$0.15 per share until January 28, 2000 and C$0.20 per
share from January 29, 2000 to the Maturity Date.

The Convertible  Loan Agreement was accepted by the VSE on February 9, 1999. The
$115,000  convertible  security  instrument has been allocated  $72,778 to notes
payable and $42,222 to equity based upon the fair value of the equity component.

Private Placement

On March 24, 1999 the VSE accepted for filing the Company's non-brokered Private
Placement of 2,000,000  units,  each unit consisting of one common share and one
non-transferable  warrant.  Each  warrant  entitles  the holder to purchase  one
additional  share at a price of C$0.15 per share in the first  year until  March
24,  2000 and C$0.18 per share in the second  year  until  March 24,  2001.  The
shares and warrants were issued  effective  March 29, 1999.  The private  places
were as follows:


Full Name and Residential Address of Purchaser         Number of Units Purchased
----------------------------------------------         -------------------------

Delbert Steiner (1)                                             758,000
3555 Country Club Drive
Lewiston, Idaho
U.S.A.  83501

Jack Kennedy                                                    200,000
P.O. Box 928
Venice, California
U.S.A.  90294

Stan Moore                                                      100,000
1125 West 90th
Gardena, California
U.S.A.  90248

Cardinal Forestry Consulting Company Ltd. (2)                   100,000
Beneficial Owner: Bernd Struck
2485 Orchard Road
Sidney, B.C.
V8L 1S1


                                     Page 9
<PAGE>


Full Name and Residential Address of Purchaser         Number of Units Purchased
----------------------------------------------         -------------------------

Paul Rohde                                                      160,000
7415 N. Kenter Ave.
Los Angeles, California
U.S.A.  90049

Sterling Securities Ltd.                                        100,000
Beneficial Owner:  Chris Bonvini
P.O.Box 753
Dartford, England
0427ZY

Mike Bousfield                                                  200,000
Rosebanic the Street
Ridgehill, Near Winford
Bristol, England
B5188T8

Robert Rein                                                     100,000
Suite 312 - 10000 Santa Monica Blvd.
Los Angeles, California
U.S.A.  90067

Brad Shaffer                                                    100,000
600 California St., 8th Floor
San Francisco, California
U.S.A.  94108

Myron Forst                                                      50,000
156215 New Century Drive
Gardena, California
U.S.A.  90248

Dave Consani                                                     32,000
18732 Monte Vista Circle
Villa Park, California
U.S.A.  92861

Kenneth A. Scott, Inc. (3)                                      100,000
Beneficial Owner: Kenneth A. Scott
225 - 4299 Canada Way
Burnaby, B.C.
V5G 1H3

TOTAL                                                         2,000,000

Note:

(1)  Del Steiner is a director and senior officer of the Company.
(2)  Bernd  Struck is the brother of  Wilfried  Struck,  who is Vice  President,
     Mining and Exploration, and Chief Operating Officer of the Company.
(3)  Kenneth A. Scott,  Inc. is owned by Kenneth A. Scott,  the Chief  Financial
     Officer of the Company.


                                    Page 10
<PAGE>


Conversion of Convertible Promissory Notes Payable

On January 20,  1999,  the  Tomasovich  Family  Trust as lender  (the  "Trust"),
Theodore  Tomasovich  being  both  Trustee  of the Trust and a  Director  of the
Company, elected to convert $100,000 of the notes issued during 1998 for 546,154
units of the Company.  Each unit  consisted of one common share of the Company's
stock and one  non-transferable  share purchase warrant.  The warrants allow the
holder to purchase  additional  common shares at C$0.31 per share to January 23,
2000.

On March 23, 1999, the Trust as lender elected to convert  $110,000 of the notes
issued during 1998 for 600,769 units of the Company.  Each unit consisted of one
common share of the  Company's  stock and one  non-transferable  share  purchase
warrant.  The warrants allow the holder to purchase  additional common shares at
C$0.31 per share to March 31, 2000.

The Company reduced notes payable by $154,946, reduced convertible securities by
$27,527 and  increased  share  capital by $182,473 on conversion of these notes.
The remaining  $27,527 of equity  remains in  convertible  securities  until the
related warrants are exercised.

ITEM 3.  DEFAULTS UPON SENIOR SECURITIES
Not applicable.


ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

No matters were submitted to a vote of security holders during the quarter ended
March 31, 1999.


ITEM 5.  OTHER INFORMATION

None.


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

(a)      Exhibit 27.
(b)      None.




                                    Page 11
<PAGE>


                                   SIGNATURES

Pursuant to the  requirements of Section 13 or 15(d) of the Securities  Exchange
Act of 1934, the registrant has caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized, on the 15th day of July, 1999.

                                   IDAHO CONSOLIDATED METALS CORPORATION



                                   By:  /s/ DELBERT W. STEINER
                                        ----------------------------------------
                                        Delbert W. Steiner
                                        President and Chief Executive Officer



Pursuant to the requirements of the Securities Exchange Act of 1934, this report
has been signed below by the following  persons on behalf of the  registrant and
in the capacities indicated on the 15th day of July, 1999.

      Signature                    Title                               Date

/s/ Delbert W. Steiner             Director, President and         July 15, 1999
-------------------------------    Chief Executive Officer
Delbert W. Steiner



/s/ Kenneth A. Scott               Chief Financial Officer         July 16, 1999
-------------------------------
Kenneth A. Scott









                                    Page 12


<PAGE>





                               IDAHO CONSOLIDATED
                                  METALS CORP.

                         (An Exploration Stage Company)

                    INTERIM CONSOLIDATED FINANCIAL STATEMENTS

                                  31 MARCH 1999

                        Unaudited - See Notice to Reader

                                   U.S. Funds

























                         STALEY, OKADA, CHANDLER & SCOTT

                              Chartered Accountants



<PAGE>

















NOTICE TO READER

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

We have compiled the interim  consolidated  balance sheet of Idaho  Consolidated
Metals  Corp.  as at 31 March 1999 and the interim  consolidated  statements  of
changes in shareholders'  equity,  operations and cash flow for the three months
then  ended  from  information  provided  by  management.  We have not  audited,
reviewed or otherwise  attempted to verify the accuracy or  completeness of such
information.  Readers are cautioned that these statements may not be appropriate
for their purposes.

A partner in  Staley,  Okada,  Chandler  & Scott is an  officer of the  Company.
Therefor,  we are not  independent  from these  interim  consolidated  financial
statements.







                                           /s/ "Staley, Okada, Chandler & Scott"


Burnaby, B.C.                                    STALEY, OKADA, CHANDLER & SCOTT
14 May 1999                                               CHARTERED ACCOUNTANTS

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


<PAGE>


Idaho Consolidated Metals Corp.                                     Statement 1
(An Exploration Stage Company)
Interim Consolidated Balance Sheet
As at 31 March
U.S. Funds
Unaudited - See Notice to Reader


<TABLE>

ASSETS                                                                                 1999                   1998
---------------------------------------------------------------------------------------------------------------------
<S>                                                                            <C>                    <C>
Current
    Cash                                                                       $         14,892       $      128,084
    Accounts receivable                                                                  19,840                4,351
    Cash in trust                                                                             -               50,000
                                                                               ----------------       ---------------
                                                                                         34,732              182,435
Restricted Investments                                                                   92,000               90,000
Property Rights, Plant and Equipment                                                  1,567,282            3,057,073
                                                                               ----------------       ---------------
                                                                               $      1,694,014       $    3,329,508
---------------------------------------------------------------------------------------------------------------------



LIABILITIES
---------------------------------------------------------------------------------------------------------------------
Current
    Accounts payable       - Related parties                                   $         84,079       $      193,362
                           - Other                                                      172,936              161,911
    Current portion of notes payable                                                     15,789              254,243
                                                                               ----------------       ---------------
                                                                                        272,804              609,516
                                                                               ----------------       ---------------
Notes Payable                                                                           696,593              221,976
                                                                               ----------------       ---------------


SHAREHOLDERS' EQUITY
---------------------------------------------------------------------------------------------------------------------
Share Capital - Statement 2                                                           7,891,066            7,508,593
Convertible Securities                                                                  264,557                    -
Deficit - Accumulated during the exploration stage - Statement 2                     (7,431,006)          (5,010,577)
                                                                               ----------------       ---------------
                                                                                        724,617            2,498,016
                                                                               ----------------       ---------------
                                                                               $      1,694,014       $    3,329,508
---------------------------------------------------------------------------------------------------------------------

</TABLE>

ON BEHALF OF THE BOARD:


"Robert Young", Director


"Delbert W. Steiner", Director


                           - See Accompanying Notes -


<PAGE>



Idaho Consolidated Metals Corp.                                     Statement 2
Interim Consolidated Statement of Changes
  In Shareholders' Equity
U.S. Funds
Unaudited - See Notice to Reader

<TABLE>

                                                                                             Deficit
                                                                                          Accumulated
                                          Common Shares                                    During the
                                 --------------------------------       Convertible       Exploration
                                       Shares           Amount           Securities             Stage           Total
---------------------------------------------------------------------------------------------------------------------
<S>                                   <C>           <C>              <C>               <C>               <C>
Balance - 31 December 1997            9,434,650     $  7,508,593     $           -     $  (4,866,470)    $  2,642,123
    Loss for the period
      - Statement 3                           -                -                 -          (144,107)        (144,107)
                                    ---------------------------------------------------------------------------------
Balance - 31 March 1998               9,434,650     $  7,508,593     $           -     $  (5,010,577)    $  2,498,016
---------------------------------------------------------------------------------------------------------------------

Balance - 31 December 1998            9,434,650     $  7,508,593     $     249,862     $  (7,263,201)    $    495,254
    Shares issued on
      conversion of promissory
      notes                           1,146,923          182,473           (27,527)                -          154,946
    Shares issued - private
      placement                       2,000,000          200,000                 -                 -          200,000
    Equity component on
      issuance of convertible
      securities                              -                -            42,222                 -           42,222
    Loss for the period
      - Statement 3                           -                -                 -          (167,805)        (167,805)
                                    ---------------------------------------------------------------------------------
Balance - 31 March 1999             112,581,573     $  7,891,066     $     264,557     $  (7,431,006)    $    724,617
---------------------------------------------------------------------------------------------------------------------

</TABLE>













                           - See Accompanying Notes -


<PAGE>



Idaho Consolidated Metals Corp.                                      Statement 3
Interim Consolidated Statement of Operations
For the Three Months Ended 31 March
U.S. Funds
Unaudited - See Notice to Reader


<TABLE>


                                                                                         1999                 1998
---------------------------------------------------------------------------------------------------------------------
<S>                                                                            <C>                    <C>
Operating Expenses
    General and administrative - Schedule 1                                    $         99,071       $      135,596
                                                                               --------------------------------------

Other (Income) Expenses
    Interest income                                                                        (301)                (661)
    Interest expense                                                                     60,582                9,172
    Mineral property costs written off                                                    8,453                    -
                                                                               --------------------------------------
                                                                                         68,734                8,511
                                                                               --------------------------------------
Loss for the Period                                                            $        167,805       $      144,107
---------------------------------------------------------------------------------------------------------------------
Loss per Common Share                                                          $           0.01       $         0.02
---------------------------------------------------------------------------------------------------------------------
Weighted Average Number of Common Shares Outstanding                                 11,896,966            8,823,530
---------------------------------------------------------------------------------------------------------------------

</TABLE>

















                           - See Accompanying Notes -


<PAGE>


Idaho Consolidated Metals Corp.                                      Statement 4
Interim Consolidated Statement of Cash Flow
For the Three Months Ended 31 March
U.S. Funds
Unaudited - See Notice to Reader


<TABLE>


Cash Resources Provided By (Used In)                                                       1999                 1998
---------------------------------------------------------------------------------------------------------------------
<S>                                                                            <C>                    <C>
Operating Activities
    Loss for the period                                                        $       (167,805)      $     (144,107)
    Item not affected by cash
      Amortization                                                                        1,593                2,276
      Amortization of interest discount                                                  37,530                    -
    Changes in current assets and liabilities
      Cash in trust                                                                      50,000                    -
      Accounts receivable                                                               (17,777)                (363)
      Accounts payable       - Related parties                                          (44,608)              12,370
                             - Other                                                    (54,772)               7,337
                                                                               --------------------------------------
    Net cash used in operating activities                                              (195,839)            (122,487)
                                                                               --------------------------------------
Investing Activities
    Restricted investments                                                               (2,000)                   -
    Property rights, plant and equipment                                               (102,676)             (37,313)
                                                                               --------------------------------------
    Net cash used in investing activities                                              (104,676)             (37,313)
                                                                               --------------------------------------
Financing Activities
    Notes payable                                                                        72,778              208,999
    Net proceeds from issuance of convertible securities                                 42,222                    -
    Share capital                                                                       200,000                    -
                                                                               --------------------------------------
    Net cash provided by financing activities                                           315,000              208,999
                                                                               --------------------------------------
Net increase in Cash                                                                     14,485               49,199
    Cash position - Beginning of period                                                     407               78,885
                                                                               --------------------------------------
Cash Position - End of Period                                                  $         14,892       $      128,084
---------------------------------------------------------------------------------------------------------------------

</TABLE>








                           - See Accompanying Notes -


<PAGE>



Idaho Consolidated Metals Corp.                                       Schedule 1
Interim Consolidated Schedule of Administrative Expenses
For the Three Months Ended 31 March
U.S. Funds
Unaudited - See Notice to Reader


<TABLE>

                                                                                         1999                  1998
---------------------------------------------------------------------------------------------------------------------
<S>                                                                           <C>                    <C>
Professional fees                                                              $       35,392         $      32,654
Management fees and wages                                                              25,379                54,889
Travel                                                                                 15,831                17,233
Office and general                                                                      9,930                 9,587
Office rent                                                                             5,379                 6,383
Transfer agent and filing fees                                                          3,276                 1,853
Shareholder information                                                                 1,842                10,368
Amortization                                                                            1,593                 2,276
Entertainment and promotion                                                               449                   353
                                                                               --------------------------------------
Expenses for the Period                                                        $       99,071         $     135,596
---------------------------------------------------------------------------------------------------------------------
</TABLE>



Interim Consolidated Schedule of Resource Property Costs            Schedule 2
For the Three Months Ended 31 March
U.S. Funds
Unaudited - See Notice to Reader


<TABLE>

                                                                                         1999                  1998
---------------------------------------------------------------------------------------------------------------------
<S>                                                                            <C>                    <C>
Direct - Mineral
    Idaho County, Idaho, U.S.A.
      Lease payments and acquisition costs                                     $       11,600         $      12,600
      Geological                                                                        8,304                14,681
      Taxes, licenses and permits                                                       1,411                   184
      Environmental                                                                       710                     -
      Field transportation                                                                378                     -
      Survey                                                                                -                 4,278
      Camp and general                                                                      -                 3,680
      Staking, filing and claim rental                                                      -                 1,890
    Montana, U.S.A.
      Staking, filing and claim rental                                                 26,540                     -
      Geological                                                                       22,672                     -
      Assaying                                                                         14,160                     -
      Field transportation                                                             11,260                     -
      Survey                                                                            2,953                     -
      Environmental                                                                     1,819                     -
      Camp and general                                                                    869                     -
                                                                               --------------------------------------
Costs for the Period                                                           $      102,676         $      37,313
---------------------------------------------------------------------------------------------------------------------

</TABLE>

                           - See Accompanying Notes -


<PAGE>



Idaho Consolidated Metals Corp.
Notes to Interim Consolidated Financial Statements
31 March 1999
U.S. Funds
Unaudited - See Notice to Reader



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

1.   Significant Accounting Policies

     The notes to the consolidated  financial statements as at 31 December 1998,
     as set forth in the  company's  1998 Annual Report  substantially  apply to
     these interim consolidated financial statements and are not repeated here.

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

2.   Interim Consolidated Financial Statements Adjustments

     The  financial  information  given in the  accompanying  unaudited  interim
     consolidated  financial  statements  reflects all adjustments which are, in
     the opinion of management, necessary to a fair statement of the results for
     the  interim  periods  reported.  All  such  adjustments  are  of a  normal
     recurring nature. All financial statements presented herein are unaudited.

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