ELLIOTT ASSOCIATES LP
SC 13G/A, 2000-02-15
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                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13G
                                (RULE 13d - 102)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO 13d-1(b), (c) AND (d)
AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(b)

                               (Amendment No. 2)*

Dayton Mining Corp.
(Name of Issuer)

Common Stock, without par value
(Title of Class of Securities)

239902109
(CUSIP Number)

Martin D. Sklar, Esq., Kleinberg, Kaplan, Wolff & Cohen, P.C., 551 Fifth Avenue,
18th Floor,  New York, New York 10176,  Tel:  (212)  986-6000 Name,  Address and
Telephone Number of Person Authorized to Receive Notices and Communications)

December 31, 1999
(Date of Event which Requires Filing of this Statement)

Check the  appropriate box to designate the rule pursuant to which this Schedule
is filed:

[ ]      Rule 13d-1(b)
[x]      Rule 13d-1(c)
[ ]      Rule 13d-1(d)

*The  remainder of this cover page shall be filled out for a reporting  person's
initial filing on this form with respect to the subject class of securities, and
for  any  subsequent   amendment   containing   information  which  would  alter
disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the  Securities  Exchange  Act of
1934 ("Act") or otherwise  subject to the liabilities of that section of the Act
but  shall be  subject  to all other  provisions  of the Act  (however,  see the
Notes).

                                  (Page 1 of 6)



<PAGE>





1.       NAMES OF REPORTING PERSONS
         I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

                  Elliott Associates, L.P.

2.       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

         (a)      [x]
         (b)      [ ]

3.       SEC USE ONLY

4.       CITIZENSHIP OR PLACE OF ORGANIZATION

                  Delaware

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:

5.       SOLE VOTING POWER

                  11,466,950

6.       SHARED VOTING POWER

                  0

7.       SOLE DISPOSITIVE POWER

                  11,466,950

8.       SHARED DISPOSITIVE POWER

                  0

9.       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                  11,466,950

10.      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
         EXCLUDES CERTAIN SHARES*   [ ]

11.      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

                  9.2%

12.      TYPE OF REPORTING PERSON*

                  PN

                      *SEE INSTRUCTIONS BEFORE FILLING OUT!


<PAGE>



1.       NAMES OF REPORTING PERSONS
         I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
                  Westgate International, L.P.

2.       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

         (a)      [x]
         (b)      [ ]

3.       SEC USE ONLY

4.       CITIZENSHIP OR PLACE OF ORGANIZATION

                  Cayman Islands, British West Indies

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:

5.       SOLE VOTING POWER

                  0

6.       SHARED VOTING POWER

                  11,467,250

7.       SOLE DISPOSITIVE POWER

                  0

8.       SHARED DISPOSITIVE POWER

                  11,467,250

9.       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                  11,467,250

10.      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
         EXCLUDES CERTAIN SHARES*   [ ]

11.      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

                  9.2%

12.      TYPE OF REPORTING PERSON*

                  PN

                      *SEE INSTRUCTIONS BEFORE FILLING OUT!


<PAGE>


1.       NAMES OF REPORTING PERSONS
         I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
                  Martley International, Inc.

2.       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

         (a)      [x]
         (b)      [ ]

3.       SEC USE ONLY

4.       CITIZENSHIP OR PLACE OF ORGANIZATION

                  Delaware

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH

5.       SOLE VOTING POWER

                  0

6.       SHARED VOTING POWER

                  11,467,250

7.       SOLE DISPOSITIVE POWER

                  0

8.       SHARED DISPOSITIVE POWER

                  11,467,250

9.       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                  11,467,250

10.      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
         EXCLUDES CERTAIN SHARES*   [ ]

11.      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

                  9.2%

12.      TYPE OF REPORTING PERSON*

                  CO

                      *SEE INSTRUCTIONS BEFORE FILLING OUT!


<PAGE>



         This  statement is filed  pursuant to Rule 13d-2(b) with respect to the
shares of common stock,  without par value (the "Common Stock") of Dayton Mining
Corp.  (the  "Issuer")  beneficially  owned by the Reporting  Persons  specified
herein as of December 31, 1999 and amends and supplements the Schedule 13G dated
November 10, 1998, as amended (the "Schedule 13G").  Except as set forth herein,
the Schedule 13G is unmodified.

Item 4.   Ownership.

          Provide the following  information  regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.

          (a)      Amount beneficially owned:

                   Elliott  beneficially owns 11,466,950 shares of Common Stock.
                   Westgate and Martley  together  beneficially  own  11,467,250
                   shares of Common Stock.

          (b)      Percent of class:

                   Elliott's beneficial ownership of 11,466,950 shares of Common
                   Stock  constitutes  9.2% of all of the outstanding  shares of
                   Common  Stock.  Westgate  and  Martley  aggregate  beneficial
                   ownership  of  11,467,250  constitutes  9.2%  of  all  of the
                   outstanding shares of Common Stock.

          (c) Number of shares as to which such person has:

                   (i)  Sole power to vote or to direct the vote

                        Elliott  has sole  power to vote or  direct  the vote of
                        11,466,950 shares of Common Stock.

                   (ii) Shared power to vote or to direct the vote

                         Westgate and Martley together have shared power to vote
                         or  direct  the vote of  11,467,250  shares  of  Common
                         Stock.

                   (iii)  Sole power to dispose or to direct the  disposition of

                        Elliott   has  sole  power  to  dispose  or  direct  the
                        disposition of 11,466,950 shares of Common Stock.

                   (iv) Shared power to dispose or to direct the disposition of

                        Westgate  and  Martley  together  have  shared  power to
                        dispose or direct the  disposition of 11,467,250  shares
                        of Common Stock.


<PAGE>




Item 10.  Certification.

         By signing  below the  undersigned  certifies  that, to the best of its
         knowledge  and  belief,  the  securities  referred  to  above  were not
         acquired  and are not held for the  purpose  of or with the  effect  of
         changing or influencing the control of the issuer of the securities and
         were  not  acquired  and  are  not  held  in  connection  with  or as a
         participant in any transaction having that purpose or effect.


                                    SIGNATURE

          After reasonable  inquiry and to the best of its knowledge and belief,
each of the undersigned  certifies that the  information  with respect to it set
forth in this statement is true, complete, and correct.


Dated: February 14, 2000                    ELLIOTT ASSOCIATES, L.P.


                                            By:/s/ Paul E. Singer
                                                     Paul E. Singer
                                                     General Partner


                                            WESTGATE INTERNATIONAL, L.P.

                                            By:      Martley International,
                                                               Inc.,
                                                     as Investment Manager


                                            By: /s/ Paul E. Singer
                                                     Paul E. Singer
                                                     President


                                            MARTLEY INTERNATIONAL, INC.


                                            By: /s/ Paul E. Singer
                                                     Paul E. Singer
                                                     President



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