<PAGE>  1
                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                            Washington, D. C.  20549
                                    FORM 10-Q

   [X]    QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE
                        SECURITIES EXCHANGE ACT OF 1934 

For the quarterly period ended SEPTEMBER 30, 1996

                                       OR

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

For the transition period from _________________ to _______________

Commission file number              0-4846-3                             
                       --------------------------------------------

                          CONSIL CORP.                      
     ------------------------------------------------------
     (Exact name of registrant as specified in its charter)

            Idaho                                 82-0288840      
----------------------------------------     --------------------
  (State or other jurisdiction of             (I.R.S. Employer
   incorporation or organization)             Identification No.)

  Suite 500, 625 Howe Street
  Vancouver, British Columbia, Canada             V6C 2T6          
----------------------------------------     --------------------
(Address of principal executive offices)           (Zip Code)

                         604-331-0844                             
-----------------------------------------------------------------
       (Registrant's telephone number, including area code)


     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 12 months, and
(2) has been subject to such filing requirements for at least the
past 90 days.    Yes  XX .    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 October 31, 1996
---------------------------------------  ----------------------------
Common stock, par value $0.10 per share        9,449,757 shares





<PAGE>  2

                                  CONSIL CORP.

                                   FORM 10-Q 

                    FOR THE QUARTER ENDED SEPTEMBER 30, 1996


                                   I N D E X 

                                                                PAGE
PART I. - Financial Information

     Item l -  Consolidated Balance Sheets - September 30, 
               1996 and December 31, 1995                          3

            -  Consolidated Statements of Operations and 
               Accumulated Deficit - Three Months and Nine 
               Months Ended September 30, 1996 and 1995            4

            -  Consolidated Statements of Cash Flows - Nine 
               Months Ended September 30, 1996 and 1995            5

            -  Notes to Consolidated Financial Statements          6

     Item 2 -  Management's Discussion and Analysis of Financial
               Condition and Results of Operations                 8


PART II. - Other Information

     Item 1 -  Legal Proceedings                                  12

     Item 6 -  Exhibits and Reports on Form 8-K                   12






















                                       -2-





<PAGE>  3
               
                         PART I - FINANCIAL INFORMATION
                                  CONSIL CORP.
                    Consolidated Balance Sheets (Unaudited)
                                 (U.S. Dollars)
                                   ----------
<TABLE>
<CAPTION>
                                                                          September 30,           December 31,
                                                                               1996                    1995
                                                                          -------------           ------------
                                                              ASSETS
<S>                                                                        <C>                    <C>
Current assets:
   Cash and cash equivalents                                               $    241,845           $    588,787
   Accounts receivable                                                            5,464                  1,410
   Income tax refund receivable                                                 125,197                 46,344
   Deferred incomes taxes                                                        33,000                 33,000
   Other current assets                                                          32,922                  7,957
                                                                           ------------           ------------
                Total current assets                                            438,428                677,498
                                                                           ------------           ------------
Property, plant and equipment:
   Plant, equipment and facilities                                               29,094                  5,434
      Less - Accumulated depreciation                                            (4,276)                  (494)
                                                                           ------------           ------------
                                                                                 24,818                  4,940
Deferred income taxes                                                            52,619                 66,000
                                                                           ------------           ------------
                Total assets                                               $    515,865           $    748,438
                                                                           ============           ============

                                          LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT)
Current liabilities:
   Accounts payable - Hecla Mining Company                                 $    187,114           $    279,598
   Accounts payable and accrued expenses                                         14,085                  3,069
   Note payable - Hecla Mining Company                                          500,000                    - -
                                                                           ------------           ------------
                Total current liabilities                                       701,199                282,667
                                                                           ------------           ------------
Stockholders equity (deficit):
   Preferred stock; 1996 and 1995 - $0.25 par value, 
      authorized, 10,000,000 shares; issued and 
      outstanding, none                                                             - -                    - -
   Common stock; $0.10 par value; authorized,
      20,000,000 shares; issued 9,455,689 shares                                945,569                945,569
   Discount on common stock                                                    (190,709)              (190,709)
   Capital surplus                                                            1,356,815              1,356,815
   Accumulated deficit                                                       (2,293,548)            (1,645,880)
   Less: Common stock reacquired at cost; 1996 -
      5,932 shares; 1995 - 6 shares                                              (3,461)                   (24)
                                                                           ------------           ------------
                Total shareholders' equity (deficit)                           (185,334)               465,771
                                                                           ------------           ------------
                Total liabilities and shareholders' equity (deficit)       $    515,865           $    748,438
                                                                           ============           ============
The accompanying notes are an integral part of the consolidated financial statements.
</TABLE>
                                                                -3-





<PAGE>  4
                   PART I - FINANCIAL INFORMATION (Continued)

                                  CONSIL CORP.

    Consolidated Statements of Operations and Accumulated Deficit (Unaudited)
                                 (U.S. Dollars)
<TABLE>
<CAPTION>
                                                  Three Months Ended               Nine Months Ended
                                           ------------------------------    -----------------------------
                                           September 30,    September 30,    September 30,    September 30,
                                               1996             1995              1996             1995
                                           ------------     -------------    -------------    -------------
<S>                                        <C>              <C>               <C>              <C>
Revenue:
  Rental income                            $        - -     $      1,500      $        - -     $      4,500
  Transfer fees                                     - -              256               152              604
  Interest                                          186            9,459             3,418           29,235
  Miscellaneous                                     - -           20,000               - -           20,460
                                           ------------     ------------      ------------     ------------
                                                    186           31,215             3,570           54,799
                                           ------------     ------------      ------------     ------------

Expenses:
  General and administrative
     expenses                                   102,886           66,576           266,272          122,833
  Acquisition related costs                      42,344              - -            42,344              - -
  Interest expense                                5,442              - -             5,442              - -
  Exploration                                   250,304            2,720           434,508            2,720
  Depreciation                                    1,528              222             3,782              222
                                           ------------     ------------      ------------     ------------
                                                402,504           69,518           752,348          125,775
                                           ------------     ------------      ------------     ------------

Net loss before
  income tax benefit                           (402,318)         (38,303)         (748,778)         (70,976)
Income tax benefit                               25,625              - -           101,110            2,605
                                           ------------     ------------      ------------     ------------
Net loss                                       (376,693)         (38,303)         (647,668)         (68,371)
Deficit at beginning of
  period                                     (1,916,855)      (1,161,217)       (1,645,880)      (1,131,149)
                                           ------------     ------------      ------------     ------------

Deficit at end of period                   $ (2,293,548)    $ (1,199,520)     $ (2,293,548)    $ (1,199,520)
                                           ============     ============      ============     ============

Net loss per share of common 
  stock                                    $      (0.04)    $        - -      $      (0.07)    $      (0.01)
                                           ============     ============      ============     ============

Cash dividends per share                   $        - -     $        - -      $        - -     $        - -
                                           ============     ============      ============     ============

Weighted average number of
  common shares outstanding                   9,449,757        8,414,016         9,450,970        8,233,461

                       The accompanying notes are an integral part of the consolidated financial statements.
</TABLE>
                                                                -4-





<PAGE>  5

                   PART I - FINANCIAL INFORMATION (Continued)

                                  CONSIL CORP.

                Consolidated Statements of Cash Flows (Unaudited)
                                 (U.S. Dollars)
<TABLE>
<CAPTION>
                                                                                   Nine Months Ended
                                                                           --------------------------------
                                                                           September 30,       September 30,
                                                                               1996                 1995
                                                                           -------------       -------------
<S>                                                                        <C>                 <C>
Operating activities:  
   Net loss                                                                $    (647,668)      $     (68,371)

Noncash elements included in net loss:
   Depreciation                                                                    3,782                 222
   Deferred income tax provision                                                  13,381                 - -

   Change in:
      Accounts receivable                                                         (4,054)               (981)
      Income tax refund receivable                                               (78,853)             (2,635)
      Other current assets                                                       (24,965)             (2,054)
      Accounts payable and accrued expenses                                      (81,468)             42,401
                                                                           -------------       -------------

Net cash used by operating activities                                           (819,845)            (31,418)
                                                                           -------------       -------------

Investing activities:
   Additions to property, plant and equipment                                    (23,660)             (5,434)
                                                                           -------------       -------------

Net cash used by investing activities                                            (23,660)             (5,434)
                                                                           -------------       -------------

Financing activities:
   Proceeds from note payable                                                    500,000                 - -
   Acquisition of treasury stock                                                  (3,437)                - -
                                                                           -------------       -------------

Net cash provided by financing activities                                        496,563                 - -
                                                                           -------------       -------------

Net decrease in cash and cash equivalents                                       (346,942)            (36,852)
Cash and cash equivalents at beginning of period                                 588,787             753,486
                                                                           -------------       -------------

Cash and cash equivalents at end of period                                 $     241,845       $     716,634
                                                                           =============       =============


                       The accompanying notes are an integral part of the consolidated financial statements.
</TABLE>
                                            -5-





<PAGE>  6

                   PART I - FINANCIAL INFORMATION (Continued)

                                  CONSIL CORP.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


Note 1.   The  notes to the consolidated financial statements as of December 31,
          1995,  as set  forth in  ConSil Corp.'s  (the Company or  ConSil) 1995
          Annual Report  on  Form 10-K,  substantially  apply to  these  interim
          consolidated financial  statements and  are  not repeated  here.   All
          amounts are in U.S. dollars unless otherwise indicated.

Note 2.   The financial information given  in the accompanying unaudited interim
          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.  However, the  balance sheet as  of December 31, 1995,
          was derived  from the audited consolidated balance  sheet described in
          Note 1 above.  

Note 3.   The components  of the income  tax benefit for  the nine  months ended
          September 30, 1996 and 1995 are as follows (in thousands):

                                             1996         1995 
                                           --------    --------
          Current:
            State income tax benefit       $ 28,970    $    - -
            Federal income tax benefit       85,521       2,605
                                           --------    --------
          Total current benefit             114,491       2,605
          Deferred provision                (13,381)        - -
                                           --------    --------
               Total                       $101,110    $  2,605
                                           ========    ========

Note 4.   At  September  30,  1996,  the  Company  had  9,449,757  common shares
          outstanding  of  which  Hecla  Mining  Company  (Hecla,  the  majority
          shareholder of the  Company) owned  7,418,300 shares or  78.5% of  the
          outstanding shares.   Pursuant to an  agreement between the  Company's
          wholly owned  Mexican subsidiary, Minera  ConSil, S.A de  C.V. (Minera
          ConSil) and  Hecla Mining  Company's wholly owned  Mexican subsidiary,
          Minera Hecla,  S.A.  de  C.V. (Minera  Hecla),  the  Company  recorded
          exploration expense totaling approximately  $351,000 in the first nine
          months of 1996 in  connection with services performed by  Minera Hecla
          under the  direction of  the management  of Minera ConSil  at the  Ojo
          Caliente and Sombrerete projects.   In addition, the Company  incurred
          exploration expenses charged by 



                                       -6-





<PAGE>  7
                   PART I - FINANCIAL INFORMATION (Continued)

                                  CONSIL CORP.


          Hecla  Mining  Company of  approximately  $24,179 for  the  first nine
          months of 1996 at the Sombrerete project.

          On June  28, 1996,  ConSil and  Hecla  entered into  a loan  agreement
          whereby Hecla agreed to make available  to ConSil a loan not to exceed
          $500,000.  Under the terms of the loan agreement, ConSil agreed to pay
          interest  on  the  outstanding  balance  at  the  prime  interest rate
          specified  in the Wall Street  Journal, plus one  and one-half percent
          per year until paid.  The loan is payable upon demand by Hecla, and is
          due  in its  entirety on  or before  December 31, 1996.   In  order to
          secure  the loan, ConSil has caused its wholly owned subsidiary Minera
          ConSil,  S.A. de C.V. to grant Hecla's wholly owned subsidiary, Minera
          Hecla, S.A. de  C.V. its  rights under that  certain Letter  Agreement
          dated February 9, 1996, by and between ConSil Corp. and Grupo Catorce,
          S.A.  de C.V.,  also  known as  the  Sombrerete Agreement.    The loan
          agreement also  places certain restrictions on  the Company, including
          restrictions on assets, indebtedness, increases in compensation, loans
          or advances  to shareholders,  directors or employees,  capital stock,
          and  hiring of new employees.   These restrictions can be altered with
          the prior consent of Hecla.  At September 30, 1996, there was $500,000
          outstanding under the loan agreement with Hecla.

          In addition  to the above  transactions, the Company  incurred general
          and administrative expenses charged  by Hecla of approximately $19,836
          and $52,231 for the first nine months of 1996 and 1995, respectively.

Note 5.   The  Company   prepares  its  consolidated   financial  statements  in
          accordance with  generally accepted accounting principles  ("GAAP") in
          the United States.   The  differences between U.S.  GAAP and  Canadian
          GAAP  and effects  on  shareholders'  deficit  and  the  net  loss  at
          September 30, 1996 are as follows:

            Total stockholders' deficit at September 30, 1996
              per U.S. generally accepted accounting principles      $ (185,334)

            Adjustments to conform with Canadian generally
              accepted accounting principles:
                 Deferred income tax assets                             (85,619)
                                                                     ----------

            Total stockholders' deficit at September 30, 1996
              per Canadian generally accepted accounting
              principles                                             $ (270,953)
                                                                     ==========





                                       -7-





<PAGE>  8

                   PART I - FINANCIAL INFORMATION (Continued)

                                  CONSIL CORP.


            Net loss for the nine months ended September 30, 1996
              per U.S. generally accepted accounting
              principles                                             $ (647,668)

            Adjustments to conform with Canadian generally
              accepted accounting principles
                Deferred income tax provision                            13,381
                                                                     ----------

            Net loss for the nine months ended September 30, 1996
              per Canadian generally accepted accounting
              principles                                             $ (634,287)
                                                                     ==========


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

          INTRODUCTION

          Except for  the historical  information contained herein,  the matters
          discussed  that  are  forward-looking  statements  involve  risks  and
          uncertainties,  including the  timely development  of  future projects
          (such  as the  Ojo Caliente  and Sombrerete  projects), the  impact of
          metals prices, changing market  conditions and regulatory environment,
          and other  risks detailed from time to time in the Company's Form 10-K
          and  Form 10-Qs filed with  the United States  Securities and Exchange
          Commission.  Actual results may differ materially from those projected
          or implied.  Forward-looking  statements included herein represent the
          Company's  judgment  as  of the  date  of this  filing.    The Company
          disclaims, however, any intent or  obligation to update these forward-
          looking statements.


          RESULTS OF OPERATIONS

          FIRST NINE MONTHS 1996 COMPARED TO FIRST NINE MONTHS 1995

          The Company reported a net loss of $647,668 or $0.07 per share, in the
          first nine months  of 1996 compared  to a net  loss of $68,371 in  the
          same period in 1995.  The increase in net loss is primarily due to (1)
          an  increase   in  expenses  of  $626,573,   consisting  of  increased
          exploration expenditures  totaling $431,788, most notably  for the Ojo
          Caliente  and  Sombrerete  exploration projects,  acquisition  and due
          diligence  cost  of  $42,344  incurred  in connection  with  Minas  La
          Colorada,  S.A.  de C.V.,  and  increased  general and  administrative
          expenses of $143,439  due to management salaries and  costs associated
          with the Vancouver office in the 1996 period and (2) decreased 



                                       -8-





<PAGE>  9

                   PART I - FINANCIAL INFORMATION (Continued)

                                  CONSIL CORP.


          revenue of $51,299.  These were partly offset by a $98,505 increase in
          the income tax benefit.


          THREE MONTHS ENDED SEPTEMBER 30, 1996 COMPARED TO THREE
          MONTHS ENDED SEPTEMBER 30, 1995

          The Company reported a net loss of $376,693, or $0.04 per share in the
          third quarter  of 1996 compared to a net loss  of $38,303 for the same
          period in 1995.  The increase  in net loss is primarily due to  (1) an
          increase in expenses of  $332,986, consisting of increased exploration
          expenditures totaling $247,584,  most notably for the Ojo Caliente and
          Sombrerete exploration  projects, acquisition and due  diligence costs
          of  $42,344 incurred  in connection  with Minas  La Colorada,  S.A. de
          C.V., and increased general and administrative expenses of $36,310 due
          to management  salaries and costs associated with the Vancouver office
          in the 1996 period and  (2) decreased revenue of $31,029.   These were
          partly offset by a $25,625 increase in the income tax benefit.


          FINANCIAL CONDITION AND LIQUIDITY

          At  September  30, 1996,  assets  totaled  $515,865 and  shareholders'
          deficit totaled  $185,334.   Cash  and cash  equivalents decreased  by
          $346,942 to $241,845 at September 30, 1996 from $588,787 at the end of
          1995.  Operating  activities used  $819,845 of cash  during the  first
          nine  months  of  1996.    The primary  uses  of  cash  for  operating
          activities  were for exploration expenditures on  the Ojo Caliente and
          Sombrerete  exploration  projects,  and  general   and  administrative
          expenses.  

          The Company's  financing activities  provided $496,563 of  cash during
          the first nine months of 1996.  Cash was provided  by borrowings under
          the note from  Hecla of  $500,000 partially offset  by acquisition  of
          treasury stock totaling $3,437.

          The Company's  investing activities used  $23,660 of  cash during  the
          first nine months of 1996 for acquisition of office equipment.

          Working capital  decreased $657,602  during the  first nine  months of
          1996, from $394,831 at December 31, 1995 to a 








                                       -9-





<PAGE>  10

                   PART I - FINANCIAL INFORMATION (Continued)

                                  CONSIL CORP.


          negative  $262,771 at  September 30,  1996.   The decrease  in working
          capital is primarily the result of funding operating losses associated
          with the exploration of the Company's properties.

          On  June 28,  1996, ConSil  and Hecla  entered into  a loan  agreement
          whereby Hecla agreed to make available to ConSil a loan  not to exceed
          $500,000.  Under the terms of the loan agreement, ConSil agreed to pay
          interest  on  the  outstanding  balance at  the  prime  interest  rate
          specified  in the Wall Street  Journal, plus one  and one-half percent
          per year until paid.  The loan is payable upon demand by Hecla, and is
          due  in its  entirety on  or before  December 31, 1996.   In  order to
          secure  the loan, ConSil has caused its wholly owned subsidiary Minera
          ConSil,  S.A. de C.V. to grant Hecla's wholly owned subsidiary, Minera
          Hecla,  S.A. de C.V. it's  rights under that  certain Letter Agreement
          dated February 9, 1996, by and between ConSil Corp. and Grupo Catorce,
          S.A.  de C.V.,  also  known as  the Sombrerete  Agreement.   The  loan
          agreement also  places certain restrictions on  the Company, including
          restrictions on assets, indebtedness, increases in compensation, loans
          or advances  to shareholders,  directors or employees,  capital stock,
          and hiring of new employees.   These restrictions can be  altered with
          the prior consent of Hecla.  At September 30, 1996, there was $500,000
          outstanding under the loan agreement with Hecla.

          On July 22, 1996, the Company announced that it entered  into a Letter
          of   Intent  with  Minas  La  Colorada,  S.A.de  C.V.  (MLC)  for  the
          acquisition  of a  100% interest  in MLC's  silver mining  operations,
          including  its  operating  silver  mine in  the  Chalchihuites  mining
          district, state of Zacatecas, Mexico and a number of other exploration
          concessions.  Consideration for  the proposed acquisition is 9,000,000
          shares of ConSil common stock and the assumption of $2,500,000 in debt
          by  ConSil.   The  acquisition is  subject  to due  diligence,  ConSil
          shareholder  approval,  approval  by  stock  exchange  and  regulatory
          authorities and execution of a definitive agreement.  The  acquisition
          is  also  subject  to  the  Company  completing  an  equity  financing
          sufficient  to complete  the acquisition,  expand production  at MLC's
          silver  mine,  and explore  the exploration  projects obtained  in the
          proposed acquisition.  During  the third quarter of 1996,  the Company
          completed  its  due  diligence,   including  a  study  by  independent
          consultants, which 









                                      -10-





<PAGE>  11

                   PART I - FINANCIAL INFORMATION (Continued)

                                  CONSIL CORP.


          confirmed  a  sufficient  reserve base  at  the  mine  to justify  the
          Company's  proposed   capital  investment.     The  parties   are  now
          negotiating  the final terms for  the definitive agreement.   Due to a
          number of  uncertainties associated with the  proposed acquisition, no
          assurance can be made that the acquisition will be completed.

          At the Sombrerete property, the Company completed an eight hole, 1,820
          meter  diamond drill program  during the third  quarter of 1996.   The
          drilling examined the main Pabellon and  San Guillermo vein structures
          adjacent  to  old  workings.   The  objective  of the  program  was to
          discover  additional ore which  could be readily  developed and mined.
          Although  every hole intersected the  vein structures, ore grades were
          not encountered.   Based on the  results of drilling,  it appears  the
          exploration targets at the Sombrerete property are at an earlier, less
          defined stage than previously anticipated.

          The Company intends to  finance planned expenditures partially through
          existing  cash  and  cash   equivalents.    Existing  cash   and  cash
          equivalents  are not  sufficient to  fully fund  planned expenditures.
          Management is also currently  investigating raising additional capital
          via a common or  preferred stock offering.  Management  anticipates an
          equity offering late in 1996, although  there can be no assurance that
          the timing of an equity  offering, or the ability to complete  such an
          equity offering will be achieved.  Further exploration work on the Ojo
          Caliente  and Sombrerete  projects  is contingent  upon the  Company's
          ability to obtain the appropriate financing.

          In  October  1995, the  Financial  Accounting  Standards Board  issued
          Statement of  Financial Accounting Standards No.  123, "Accounting for
          Stock-Based Compensation" (SFAS  No. 123).   SFAS No. 123  establishes
          financial accounting and reporting standards for  stock-based employee
          compensation  plans.  SFAS No. 123 encourages  all entities to adopt a
          fair  value  based  method of  accounting,  but  allows  an entity  to
          continue  to  measure  compensation cost  for  those  plans  using the
          intrinsic value method of accounting prescribed by APB Opinion No. 25,
          "Accounting for Stock Issued  to Employees."  The Company  will comply
          with the provisions of SFAS No.  123 on January 1, 1996, by presenting
          the  pro-forma disclosure  requirements of  SFAS No.  123 in  its 1996
          annual financial statements.










                                      -11-





<PAGE>  12

                           PART II - OTHER INFORMATION

                                  CONSIL CORP.

ITEM 1.   LEGAL PROCEEDINGS

          There are no pending legal proceedings.

ITEM 6.   EXHIBITS AND REPORTS ON FORM 8-K

          (a)  Exhibits

               27 - Financial Data Schedule

          (b)  Reports on Form 8-K

               Report on Form 8-K dated July 22, 1996, related to  the Letter of
               Intent  signed  with   Minas  La  Colorada,  S.A.   de  C.V.  for
               acquisition of Mexican silver mine.




Items 2, 3, 4 and 5 of Part II are omitted from this report as inapplicable.  
































                                      -12-





<PAGE>  13

                                   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 under-
signed thereunto duly authorized.  


                                       CONSIL CORP.               
                                         (Registrant)



Date:  November 14, 1996      By   /s/ Gerald G. Carlson          
                                 ---------------------------------
                                   Gerald G. Carlson, President




Date:  November 14, 1996      By   /s/ Stanley E. Hilbert         
                                 ---------------------------------
                                   Stanley E. Hilbert, Principal
                                     Accounting Officer
































                                      -13-