UNITED STATES

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 quarterly period ended March 31, 2000

OR

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

Commission file number 0-6202-2

Nord Resources Corporation
(Exact name of registrant as specified in its charter)

201 Third St., NW, Suite 1750, Albuquerque, NM      87102
(Address of principal executive offices)                   (Zip Code)

Registrant's telephone number, including area code   (505) 766-9955

Indicate by check mark whether 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 twelve months (or for 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 X        NO

The number of shares of Common Stock outstanding as of May 22, 2000 was 16,501,288.

NORD RESOURCES CORPORATION
AND SUBSIDIARIES

INDEX

PART I.            FINANCIAL INFORMATION

NORD RESOURCES CORPORATION
AND SUBSIDIARIES
BALANCE SHEETS
(Unaudited)
(In Thousands of U.S. Dollars)

SEE NOTES TO CONDENSED FINANCIAL STATEMENTS

NORD RESOURCES CORPORATION AND SUBSIDIARIES
CONDENSED STATEMENTS OF OPERATIONS
(Unaudited)
(In Thousands of U.S. Dollars, except per share amounts)

SEE NOTES TO CONDENSED FINANCIAL STATEMENTS
NORD RESOURCES CORPORATION AND SUBSIDIARIES
CONDENSED STATEMENTS OF CASH FLOWS
(Unaudited)
(In Thousands)

SEE NOTES TO CONDENSED FINANCIAL STATEMENTS

NORD RESOURCES CORPORATION AND SUBSIDIARIES
NOTES TO CONDENSED FINANCIAL STATEMENTS
THREE MONTHS ENDED MARCH 31, 2000 AND 1999

1.     FINANCIAL STATEMENTS OF NORD RESOURCES CORPORATION (the "Company")

2.     NATURE OF OPERATIONS

3.     EQUITY IN NET LOSS OF PACIFIC

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

Safe Harbor Statement under the Private Securities Litigation Act of 1995. The statements contained in this report which are not historical fact are "forward looking statements" that involve various important risks, uncertainties and other factors which could cause the Company's actual results for 2000 and beyond to differ materially from those expressed in such forward looking statements. These factors include, without limitation, the risks and factors set forth below as well as other risks previously disclosed in the Company's securities filings.

The Company incurred net losses of $1,355,000 and $1,478,000 for the three months ended March 31, 2000 and 1999, respectively. In the first quarter of 2000, $548,000 of the loss was due to remediation, care and maintenance expenses at the Johnson Camp Mine, net of sales of a small amount of copper produced. General and administrative expenses decreased for the three months ended March 31, 2000, compared to the same period in 1999 primarily due to reduced legal and insurance costs.

Interest income increased for the three months ended March 31, 2000 compared to the same period in 1999, primarily due to interest on the loan to Pacific. Interest expense in the first quarter of 2000 was incurred on a note payable related to the purchase of Johnson Camp in 1999. The loss on sale of assets is related to the sale of a property in Dayton, Ohio, that was acquired by the Company when its headquarters office was located in Dayton. In the first quarter of 1999 the Company incurred a $523,000 loss related to its investment in Sierra Rutile Holdings Limited (SRL), compared to nil in 2000, since the Company disposed of its interest in SRL in September, 1999.

In the Form 10-K filed by the Company for the fiscal year ended 1999, the Company's independent accountants included in their opinion on the Company's financial statements an explanatory paragraph discussing the uncertainty regarding the Company's ability to continue as a going concern.

During 1999, the Company acquired the Johnson Camp Mine and commenced activities to resume mining operations there. Currently, the Company is producing copper from ore stacked on the leach pads prior to the Company's acquisition of the property. The Company has updated a study to determine the feasibility of resuming mining operations and is attempting to obtain financing for the project. The ability of the Company to resume mining operations is dependent on obtaining sufficient financing for the project, of which there can be no assurance.

Revenue from the mine is currently not sufficient to cover the costs of operating the mine and the Company's overhead costs. If the Company is unable to resume mining operations and achieve profitability, it will be required to seek other sources of revenue or additional capital to fund its operations.

The Company's financial statements have been prepared assuming that the Company will continue as a going concern. The Company has suffered recurring losses from its operations, which raises substantial doubt about the Company's ability to continue as a going concern. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

Cash and cash equivalents increased by $50,000 for the three months ended March 31, 2000, compared to a decrease of $1,108,000 for the same period in 1999. The Company's operating activities used cash of $1,069,000 for the quarter ended March 31, 2000 compared to cash used by operations of $1,340,000 in the first quarter of 1999. Cash provided by financing activities included net repayments by Pacific of $1,143,000 in the first quarter of 2000 compared to net repayments by affiliates of $334,000 in 1999.

The Company's assets currently consist of the Johnson Camp mine and a 28.5% interest in Pacific. At March 31, 2000, the Company had working capital of $1,009,000, compared to $2,074,000 at December 31, 1999. The Company will need to raise capital to fund its administrative and operating activities for the remainder of 2000, either from the sale of its interest in Pacific or from other sources.

The Company's ability to raise the capital required to develop Johnson Camp is highly uncertain, and is very dependent on the price of copper and the availability of capital to junior mining companies, such as the Company.

PART II.     OTHER INFORMATION

     ITEM 1.     LEGAL PROCEEDINGS

     ITEM 6.     EXHIBITS AND REPORTS ON FORM 8-K

               No reports on Form 8-K were filed during the quarter ended March 31, 2000.

     (a)     Exhibits required by Item 601 of Regulation S-K.

     Exhibit No.                   Description

         27                            Financial Data Schedule

Pursuant to the requirements of the Security Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.