<PAGE> 1

                            Washington, D. C.  20549
                                    FORM 10-K

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


For the Fiscal Year Ended December 31, 1997

Commission File No.      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.)

      6500 Mineral Drive
     Coeur d'Alene, Idaho                                  83815-8788       
----------------------------------------            ---------------------------
(Address of principal executive offices)                (Zip Code)

(Registrant's telephone number, including area code)       208-769-4100       
                                                    ---------------------------

Securities registered pursuant to Section 12(g) of the Act:  

                                                  Name of Each Exchange on
          Title of Each Class                  Which Each Class is Registered   
---------------------------------------    ------------------------------------
Common stock, no par value                     Vancouver Stock Exchange
                                               OTC Bulletin Board

      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  by check  mark if  disclosure of  delinquent filers  pursuant to
Item 405 of Regulation S-K  is not contained herein, and will not  be contained,
to  the best  of  registrant's  knowledge, in  definitive proxy  or  information
statements  incorporated by  reference in  Part  III of  this  Form 10-K  or any
amendment to this Form 10-K.  [ X ]

      The aggregate market value of the registrant's voting common stock held by
nonaffiliates was $1,279,818 as of  February 28, 1998.  As of February 28, 1998,
there were 9,449,757 shares of the registrant's common stock outstanding.


<PAGE> 2
                               PART I
                               ------

Item 1.   Business
          --------

      (a) ConSil  Corp.,  formerly Consolidated  Silver Corporation
(the  Company  or  ConSil),  held mineral  properties  in  Shoshone
County, Idaho known  as the  Silver Summit mine  which were  leased
effective  August 1, 1980, to  a joint venture  composed of certain
substantial stockholders of the Company.  This lease was terminated
by the  lessees effective February 11, 1988.  On  November 1, 1988,
the Company  entered into a  new Mining Lease  and Agreement  and a
Participation  Agreement  (collectively,  the  Agreement)   of  its
properties to  ASARCO Incorporated (ASARCO).   Due to disappointing
exploration results  and  continued depressed  metals  prices,  the
Agreement between  the Company and ASARCO  was terminated effective
August  17, 1992.   From 1992  to 1994,  management of  the Company
endeavored to  interest other companies in  further exploration and
development of the Company's property without success.  

      On November 14, 1995, the Company's stockholders approved the
sale of its interest in the Silver  Summit mine and adjacent mining
properties located  in Shoshone County, Idaho  to Sunshine Precious
Metals,  Inc. for  a  cash payment  of  $750,000, plus  a  variable
production royalty tied to the price of silver.

      In  December 1995,  the Company  purchased from  Hecla Mining
Company  (Hecla),  the majority  stockholder  of  the Company,  its
interest in the Ojo Caliente exploration project for $706,822.  The
project is located near the town of Zacatecas, Mexico.  The Company
also  entered into  an agreement  with Minera  Hecla, S.A.  de C.V.
(Minera Hecla), a wholly owned subsidiary  of Hecla, whereby Minera
Hecla  would conduct exploration work on  the Ojo Caliente property
and the  Company  would reimburse  Minera  Hecla for  actual  costs
incurred  for exploration.  Following  exploration work in 1995 and
1996,  the Company elected not  to allocate further  funding to the
project.  Through December 31, 1996, the Company had spent $644,862
of  the required  spending of $1.0  million on  exploration related
activities at the Ojo Caliente project for the period April 1, 1996
to March 31,  1997.  As a result  of the Company's election  not to
meet the  minimum work  commitment obligation, the  Company offered
its  interest in  the  Ojo Caliente  exploration property  to Hecla
subject to a Net Profits Interest payable to ConSil.  Hecla elected
not to obtain ConSil's  interest in the Ojo Caliente  property, and
on  April 10,  1997, ConSil,  through its  wholly owned  subsidiary
Minera ConSil, terminated its agreement  with Minera Portree.   The
agreement provided that Minera ConSil return all the concessions to
Minera Portree  upon such termination.   All such  concessions have
been returned.








                                -2-


<PAGE> 3

      In  February,  1996,   the  Company  entered  into  a  letter
agreement for  a three-month, pre-option period to  purchase a 100%
interest in the Sombrerete  silver mine in the state  of Zacatecas,
Mexico.  The letter  agreement called for the Company to make three
payments  of $5,000 per month during the pre-option period to Grupo
Catorce, S.A. de  C.V. (Grupo  Catorce).  During  this period,  the
Company performed an investigation  of the property.  Subsequently,
the  Company  entered  into  another letter  agreement  with  Grupo
Catorce which  amended the  February 13,  1996 letter  agreement to
postpone  certain payments, extend the option date to May 13, 1997,
and  provide the Company with  an opportunity to  propose a revised
exploration  plan  and  terms of  a  definitive  agreement  for the
project.   ConSil's extension  on all  provisions of  the agreement
with  Grupo  Catorce on  the  Sombrerete  properties in  Zacatecas,
Mexico,  including a  suspension of  all required  expenditures and
payments  to Grupo  Catorce, expired  August 31,  1997 and  was not
extended, due to lack of funds.

      On July 22, 1996, the Company entered into a Letter of Intent
with Minas La Colorada, S.A. de C.V. (MLC) which was  replaced by a
Heads of Agreement dated December 19, 1996 for the acquisition of a
100% interest in the assets of MLC.  The final Master Agreement was
signed  effective June 2, 1997.  Pursuant to this Agreement, ConSil
was required  to raise a minimum  of $6 million prior  to August 1,
1997.   However, due to depressed  silver prices and  a poor market
environment  for precious  metals companies,  ConSil was  unable to
raise the required  funds.  Accordingly, effective  August 2, 1997,
Minas La  Colorada terminated ConSil's exclusive  right to purchase
the assets.

      Management   continues  to  evaluate  business  opportunities;
however, unless the Company  can secure appropriate financing, such
endeavors are unlikely in the near future.

      (b) No information is presented as to Industry Segments.  

      (c) The  Company  has  no patents,  licenses,  franchises  or
concessions  which   are  considered  by  the  Company   to  be  of
importance.  The  business is not of a seasonal  nature.  Since the
potential  products  (primarily  silver)  are traded  on  the  open
market, the Company has no control  over the competitive conditions
in the industry.  

      The Company has spent no funds  during the  past three fiscal
years on mineral research activities relating to the development of
new products or services or the improvement of existing products or
services.   However, the  Company incurred exploration  expenses of
approximately  $646,000 in 1996.   In 1997, the  Company received a
net credit to exploration expense of approximately $30,000.








                                -3-


<PAGE> 4

      There  are  numerous   federal,  state  and  local  laws  and
regulations   in  the   United   States  and   Mexico  related   to
environmental protection  which have direct  application to  mining
and  milling activities.  The  more significant of  these laws deal
with mined land reclamation and wastewater discharge from mines and
milling operations.  The  Company does not believe that  these laws
and  regulations, as presently enacted, will have a direct material
adverse effect on its results of operations or financial condition.
Further, the Company believes that adequate provision has been made
for disposal  of mine  waste and  mill tailings  in a  manner which
complies with current federal and state environmental requirements.

      The   Company   currently   has   no   employees.     Certain
administrative  services are  provided by  employees of  Hecla, the
majority stockholder of the Company.  

      (d) The  Company  is  primarily  engaged  in  evaluation   of
business  opportunities; however,  unless  the  Company can  secure
appropriate  financing, such  endeavors  are unlikely  in the  near
future.    For  geographic information,  see  Note  9  of Notes  to
Consolidated Financial Statements.

Item 2.   Properties
          ----------

      In  1995, stockholders  approved  the  sale  of  all  of  the
Company's interest in the Silver  Summit mine, plant, equipment and
all patented  and unpatented mining properties  located in Shoshone
County, Idaho, to Sunshine Precious Metals, Inc. for a cash payment
of $750,000 plus a variable production royalty tied to the price of
silver.  A gain on this sale of $750,000 was recognized in 1995.

      On December 22, 1995, the  Company acquired Hecla's right  to
earn a  50 percent interest in Minera El Morro, S.A. de C.V., which
holds  the Ojo  Caliente silver  exploration project  in Zacatecas,
Mexico.  The other investor in  the project is Minera Portree.  The
Company  acquired Hecla's  interest in  the project  by reimbursing
Hecla  $706,822 for  all  expenditures  incurred  by Hecla  in  its
acquisition and for exploration  costs related to the Ojo  Caliente
project.   Minera Hecla,  Hecla's wholly owned  Mexican subsidiary,
was conducting the exploration under ConSil's direction.

      Following exploration work  in  1995 and  1996,  the  Company
elected  not  to allocate  further  funding  to  the  Ojo  Caliente
exploration project and determined that  the Company would not meet
the  minimum  work commitments  associated  with  the Ojo  Caliente
property  for the April 1, 1996 to  March 31, 1997 period.  Through
December 31, 1996, the  Company had spent $644,862 of  the required
spending of $1.0  million on exploration related  activities at the
Ojo   Caliente   project  for   the   period  April   1,   1996  to
March 31, 1997.  As a result of the Company's election not to meet






                                -4-


<PAGE> 5

the  minimum work  commitment obligation,  the Company  offered its
interest in the Ojo Caliente exploration property to Hecla  subject
to a Net Profits Interest payable  to ConSil.  Hecla elected not to
obtain  ConSil's interest  in  the Ojo  Caliente  property, and  on
April 10, 1997, ConSil, through  its wholly owned subsidiary Minera
ConSil,  terminated  its  agreement   with  Minera  Portree.    The
agreement provided that Minera ConSil return all the concessions to
Minera Portree upon  such termination.   All such concessions  have
been returned.

      On  February  9, 1996,  the  Company  entered  into a  letter
agreement for a three-month,  pre-option period to purchase a  100%
interest in the Sombrerete  silver mine in the state  of Zacatecas,
Mexico,  including  all  related  surface  and  underground  mining
rights, all related properties, permits and authorizations, and all
surface and underground equipment, buildings, and infrastructure.  

      In   May  1996,  the   Company  completed   its   preliminary
investigation  of the  Sombrerete  silver mine  and informed  Grupo
Catorce that it  intended to enter into  an option to  purchase the
property.  The option  agreement required the Company to  pay Grupo
Catorce  for  care and  maintenance of  the  property.   During the
option period, the  Company could exercise  its option to  purchase
the  property for $1 million over a three-year period with $100,000
at  the end  of  each  of  the  first  and  second  year  following
commencement of the option  period and $800,000 on the  exercise of
the option.  The option could be extended for up to five years with
the payment of additional  funds. As of November 1996,  the Company
had completed  the initial exploration program,  spending in excess
of amounts  required.  ConSil received extensions on all provisions
of   the  agreement,   including   suspensions  on   all   required
expenditures and payments to Grupo Catorce.  Nevertheless, ConSil's
option agreement with Grupo Catorce on the Sombrerete properties in
Zacatecas,  Mexico, expired  August 31,  1997  and was  not further
extended, due to lack of funds.

      On July 22, 1996, the Company entered into a Letter of Intent
with Minas La Colorada, S.A. de C.V. (MLC) which was  replaced by a
Heads of Agreement dated December 19, 1996 for the acquisition of a
100% interest in the assets of MLC.  The final Master Agreement was
signed  effective June 2, 1997.  Pursuant to this Agreement, ConSil
was required  to raise a minimum  of $6 million prior  to August 1,
1997.   However, due to depressed  silver prices at the  time and a
poor market  environment for precious metals  companies, ConSil was
unable to raise the required  funds.  Accordingly, effective August
2, 1997, Minas La Colorada  terminated ConSil's exclusive right  to
purchase the assets.










                                -5-


<PAGE> 6

Item 3.   Legal Proceedings
          -----------------

      There are no pending legal proceedings.  

Item 4.   Matters Voted on by Security Holders
          ------------------------------------

      The Company sent out a notice and Information Circular  dated
February  14,  1997  to  each  of  the Company's  security  holders
advising  that  the  Company  would  hold  its  annual  meeting  on
March 17, 1997.  At  the meeting, Hecla Mining Company,  record and
beneficial owner of 7,418,300 shares (approximately 78.503%) of the
outstanding  Common Stock of the  Company, voted all  its shares in
favor of  each of  the resolutions  below.   No other proxies  were
solicited or obtained  and each  of the following  items were  thus
approved and adopted.

      1.  Five (5) members were elected  to the Board of  Directors
          to  serve for  one-year terms  or until  their respective
          successors are  elected and qualified.   The directors so
          elected were Ralph R.  Noyes, Chairman, Michael B. White,
          Robert Stuart  Angus, William  J. Weymark and  Charles F.
          Asher.

      2.  Paragraph  two of  Article  V of  the Company's  Restated
          Articles  of  Incorporation was  amended to  increase the
          number of authorized shares of the Company's Common Stock
          from  20,000,000 shares, $.10  par value,  to 100,000,000
          shares, no par value.

      3.  The Board  of Directors' adoption of  the Company's Stock
          Option Plan  and Incentive  Stock  Option Plan  effective
          January 13, 1997, was approved and confirmed.

      4.  Previous  grants  by  the  Company of  stock  options  to
          "insiders"  of   the  Company,   as  defined   under  the
          Securities Act (British Columbia), in accordance with the
          policies of  the Vancouver  Stock Exchange  were approved
          and  confirmed.  Such grants, issued at the rate of $0.87
          per share, expiring on January 13, 2002, are set forth as
          follows:    Incentive  Stock   Options:    Ralph   Noyes,
          President,  175,000;  Cheryl  Maher,  Vice   President  -
          Finance,  100,000; and  Michael White,  Director, 60,000;
          Stock  Options to  Directors:   R. Stuart  Angus, 60,000;
          William Weymark, 60,000; and Charles Asher, 60,000.

      5.  The  Board of  Directors  of the  Company was  authorized
          during the ensuing year  to grant stock options, pursuant
          to the rules and policies of the Vancouver Stock Exchange
          and the  Company's Stock Option Plan  and Incentive Stock
          Option Plan, to  individuals  who  are  insiders  of  the





                                -6-


<PAGE> 7

Company  as defined by the Securities Act (British Columbia) and to
make amendments to existing stock options as may be permitted under
the rules and policies of the Vancouver Stock Exchange.

      6.  The  selection  of  Coopers   &  Lybrand  L.L.P.  as  the
          Company's independent auditors for 1997 was approved.



















































                                -7-


<PAGE> 8
                              PART II
                              -------

Item 5.   Market for the Registrant's Common Equity and Related
          -----------------------------------------------------
          Stockholder Matters
          -------------------

      The  common stock of  the Company is traded  on the over-the-
counter market.  Quotations are published on the OTC Bulletin Board
and in the National Quotation Bureau "pink sheets" under the symbol
CSLV.   The Common Stock of  the Company was listed  for trading on
the  Vancouver  Stock  Exchange  in  Vancouver,  British  Columbia,
Canada, on April 2, 1996, under the  symbol CS.  There has not been
an  active  market for  the  common stock  and  the below-described
quotations, when available, do not constitute a reliable indication
of the  price that a  holder of  the common stock  could expect  to
receive upon sale of any particular quantity thereof.

      The  following table sets  forth the high and  low bid prices
for  the  Company's  common  stock,  as  reported  by  the National
Quotation  Bureau  and  the   Spokane  Quotation  Service  for  the
quarterly periods indicated.   The prices reported  by the National
Quotation Bureau and the Spokane Quotation Service represent prices
between dealers, which do not include retail markups,  markdowns or
commissions and do not necessarily represent actual transactions.
  
                                                    Bid
                                           High     ---       Low
                                           ----               ---
     1997
          First Quarter                 $  1.60            $  .75
          Second Quarter                   1.50               .90
          Third Quarter                     .95               .65
          Fourth Quarter                    .35               .30
     1996
          First Quarter                 $  1.13            $  .88 
          Second Quarter                   1.00               .88 
          Third Quarter                     .94               .50 
          Fourth Quarter                    .75               .50 

     The approximate number of  holders of record of  the Company's
common stock as of February 28, 1998 was 3,301.

     There have  been  no  dividends declared  or  paid  since  the
Company's  inception in  1969 and  the Company  does not  expect to
declare dividends in the foreseeable future.  

     In  August  1995,  Hecla,  the  majority  stockholder  of  the
Company, acquired  Coeur d'Alene Mines Corporation's 630,888 shares
of the  Company's outstanding common stock  which increased Hecla's
holdings  of the  Company's outstanding  common stock  to 6,168,300
shares or 75.171% of the outstanding  common  stock.  In  September





                                -8-


<PAGE> 9

1995,  the Company issued Hecla 1,250,000 shares of common stock in
exchange for Hecla's 12,500 shares of the Company's preferred stock
which  represented  the total  preferred  stock  outstanding.   The
preferred stock, formerly held by Hecla, was subsequently canceled.
At December 31, 1997,  Hecla held 7,418,300, or 78.503%,  shares of
the Company's outstanding common stock.

Item 6.   Selected Financial Data
          -----------------------
<TABLE>
<CAPTION>
                                      1997         1996        1995         1994         1993   
                                   ---------    ---------   ----------   ----------   ----------
<S>                                <C>         <C>          <C>          <C>          <C>
Revenues                           $     280   $    3,678   $  794,319   $   30,808   $   31,164
                                   =========   ==========   ==========   ==========   ==========
Net loss                           $(537,017)  $ (913,011)  $ (514,731)  $  (30,179)  $  (35,167)
                                   =========   ==========   ==========   ==========   ==========
Basic and diluted loss
   per common share                $   (0.06)  $    (0.10)  $    (0.06)  $      - -   $      - -
                                   =========   ==========   ==========   ==========   ==========
Total assets                       $ 114,838   $  472,970   $  748,438   $  768,022   $  805,792
                                   =========   ==========   ==========   ==========   ==========
Redeemable preferred
   stock                           $     - -   $      - -   $      - -   $1,250,000   $1,250,000
                                   =========   ==========   ==========   ==========   ==========
Cash dividends                     $     - -   $      - -   $      - -   $      - -   $      - -
                                   =========   ==========   ==========   ==========   ==========
</TABLE>

Item 7.   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 development  of future  projects,
the  impact  of  metals  prices,  changing  market  conditions  and
regulatory environment, and other risks.  Actual results may differ
materially  from  those  projected  or implied.    Forward  looking
statements included  herein represent Management's  judgement as of
the date of this filing.  Management disclaims, however, any intent
or obligation to update these forward-looking statements.

     On  October 8,  1997,  the Board  of  Directors appointed  Mr.
George  R. Johnson to  replace Mr. Ralph  R. Noyes  as Chairman and
President of  ConSil upon the  resignation of the  latter effective
October 1, 1997.





                                -9-


<PAGE> 10

RESULTS OF OPERATIONS
---------------------

1997 vs. 1996
-------------

     The Company reported a net loss of $537,017 or $.06 per share,
for the year  ended December 31,  1997, compared to  a net loss  of
$913,011, or $.10 per share, in the comparable period in 1996.  The
decrease  in the  net  loss  was primarily  due  to  a decrease  in
exploration and acquisition expenditures  of $540,589, most notably
for  the Ojo Caliente and Sombrerete properties.  This decrease was
partially offset by a tax provision in 1997 of $16,687 compared  to
a $101,110 benefit in 1996  and an increase in interest  expense of
$41,618 in 1997.

1996 vs. 1995
-------------

     The  Company  reported a  net loss  of  $913,011 or  $0.10 per
share, for the year ended December  31, 1996 compared to a net loss
of $514,731, or $0.06 per share, in  the comparable period in 1995.
The increase in the net loss was primarily due to (1) a decrease in
revenue of $790,641, primarily the result of the  nonrecurring 1995
gain on sale of the  Silver Summit mine of $750,000 and  a decrease
in interest income  of $34,489; (2)  increased interest expense  of
$17,901  related to the new  note payable outstanding  in 1996; and
(3) increased depreciation expense of  $5,253.  These factors  were
partially offset  by (1) an income tax  benefit of $101,110 in 1996
compared to a $104,125 provision in  1995, the impact of which is a
positive $205,235;  and (2) decreased  exploration and  acquisition
expenditures  of  $138,519,  most  notably  for  the  Ojo  Caliente
exploration project; and   (3) decreased general and administrative
costs  of $71,761 resulting  from the 1995  compensation expense of
$228,800  relating to  stock options,  offset by  higher  labor and
office expenses in 1996.

FINANCIAL CONDITION AND LIQUIDITY
---------------------------------

     At   December   31,   1997,   assets  totaled   $114,838   and
stockholders' deficit  totaled $987,694.  Working capital decreased
by $476,732  to a  negative $995,694  at December  31, 1997  from a
negative  $518,962 at the end  of 1996.   Operating activities used
$300,245 of  cash during the  year ended  December 31,  1997.   The
primary uses  of  cash for  operating activities  were for  funding
operating  losses  associated   with  general  and   administrative
expenses and acquisition expenditures.

     The  Company's financing activities  provided $200,000 of cash
during the  year ended December  31, 1997 through  borrowings under
the note payable to Hecla.





                                -10-


<PAGE> 11

     The  Company's investing activities  provided $18,296  of cash
during the year ended December 31, 1997 from proceeds from the sale
of office equipment and a vehicle.

     At December 31, 1997, the Company had negative working capital
of $995,694 and a  stockholders' deficit of $987,694.   The Company
intends to  finance planned expenditures partially through existing
cash   and  cash  equivalents.  If   other  sources  of  funds  are
unavailable,  Hecla has  committed to  fund the  reasonable minimum
financial  requirements  of the  Company  through  March 31,  1999.
Management is currently  negotiating with Hecla  to extend the  due
date  of  the  note  payable  to  Hecla  for  one year  or  longer.
Management believes that an extension will be granted under similar
terms  to  the current  note.   Any  further  exploration projects,
potential acquisitions  or even  limited operations are  subject to
ConSil being able to raise funds from external sources. 

New Accounting Pronouncements
-----------------------------

     In February  1997, Statement of Financial Accounting Standards
No. 128 (SFAS  128), "Earnings  per Share"  was issued.   SFAS  128
established  standards for  computing and  presenting earnings  per
share  (EPS) and simplifies the existing  standards.  This standard
replaced the presentation of  primary and fully diluted EPS  with a
presentation  of basic and diluted EPS.   It also requires the dual
presentation of  basic and diluted  EPS on  the face of  the income
statement  for all  entities  with complex  capital structures  and
requires a  reconciliation of the numerator and  denominator of the
basic  EPS computation  to  the numerator  and  denominator of  the
diluted EPS  computation.   The Company  adopted the  provisions of
SFAS 128 in  1997, and all prior period EPS  calculations have been
restated to  conform with  SFAS 128.   Due to  the losses  in 1997,
1996, and  1995, common  stock equivalents were  excluded from  the
calculation  of primary EPS as  they were antidilutive.  Therefore,
there was no difference in the calculation of basic and primary EPS
in 1997, 1996 and  1995, and there is  no difference between  basic
and diluted EPS in any of these three years.

     In June 1997, Statement  of Financial Accounting Standards No.
130  (SFAS  130), "Comprehensive  Income",  was issued.    SFAS 130
establishes standards  for reporting  and display of  comprehensive
income  and its  components  in  a  full  set  of  general  purpose
financial  statements.   SFAS  130  is effective  for  fiscal years
beginning  after December  15,  1997, and  requires restatement  of
earlier  periods  presented.    The Company  does  not  believe the
application of this  standard will  have a material  effect on  the
Company's presentation of its financial statements.

     In June 1997, Statement  of Financial Accounting Standards No.
131 (SFAS 131), "Disclosures about  Segments  of  an Enterprise and






                                -11-


<PAGE> 12

Related Information"  was issued.   SFAS 131  establishes standards
for  the way that a public enterprise reports information about its
operating segments in annual financial statements and requires that
those  enterprises  report  selected  information  about  operating
segments in interim financial reports issued to shareholders.  SFAS
131  is effective  for  fiscal years  beginning after  December 15,
1997, and requires  restatement of earlier periods presented.   The
Company does not believe the application of this standard will have
a material  effect on the  presentation of the  Company's operating
segments.

Item 7A.  Quantitative and Qualitative Disclosures About Market
          -----------------------------------------------------
          Risk
          ----

     Not Applicable.

Item 8.   Financial Statements and Supplementary Data
          -------------------------------------------

     See Item 14 for index of Financial Statements and Supplemental
Data filed herewith.  

Item 9.   Changes in and Disagreements with Accountants on
          ------------------------------------------------
          Accounting and Financial Disclosures
          ------------------------------------

     None.



























                                -12-


<PAGE> 13

                 REPORT OF INDEPENDENT ACCOUNTANTS
                 ---------------------------------


The Board of Directors 
  and Stockholders
ConSil Corp.

We  have audited  the accompanying  consolidated balance  sheets of
ConSil  Corp.   and   subsidiary  (formerly   Consolidated   Silver
Corporation)  as of  December 31,  1997 and  1996, and  the related
consolidated  statements of  operations,  changes in  stockholders'
deficit, and cash flows for  each of the three years in  the period
ended  December  31,  1997.   These  financial  statements are  the
responsibility of the Company's  management.  Our responsibility is
to  express an opinion on  these financial statements  based on our
audits.

We conducted our audits in  accordance with generally accepted  au-
diting standards.  Those standards require that we plan and perform
the  audit  to  obtain   reasonable  assurance  about  whether  the
financial statements are  free of material misstatement.   An audit
includes  examining,  on  a  test basis,  evidence  supporting  the
amounts and disclosures in the financial statements.  An audit also
includes assessing  the accounting principles used  and significant
estimates made  by management,  as well  as evaluating the  overall
financial  statement  presentation.  We  believe  that  our  audits
provide a reasonable basis for our opinion. 

In our  opinion, the financial statements referred to above present
fairly, in  all material  respects, the consolidated  financial po-
sition of ConSil  Corp. and subsidiary as of December  31, 1997 and
1996, and  the consolidated results  of their operations  and their
cash flows  for  each  of  the three  years  in  the  period  ended
December 31, 1997, in conformity with generally accepted accounting
principles.

As discussed in  Note 1 to  the consolidated financial  statements,
the  Company changed its method of accounting for the impairment of
long-lived assets in 1995.



/s/ COOPERS & LYBRAND L.L.P.

Spokane, Washington

February 13, 1998









                                -13-


<PAGE> 14
                            CONSIL CORP.
                    CONSOLIDATED BALANCE SHEETS
                     December 31, 1997 and 1996
                            -----------
                              ASSETS 
<TABLE>
<CAPTION>
                                                                           1997                    1996
                                                                       ------------            -----------
<S>                                                                   <C>                     <C>
Current assets:
   Cash and cash equivalents                                          $      38,267           $    120,216
   Accounts receivable                                                          - -                  4,185
   Other receivables                                                         60,571                 66,446
   Income tax refund receivable                                               8,000                210,816
   Prepaid and deferred expenses                                                - -                  3,022
                                                                        -----------            -----------
          Total current assets                                              106,838                404,685
                                                                        -----------            -----------
Equipment, net                                                                  - -                 38,603
Deferred income taxes                                                         8,000                    - -
Deferred stock offering costs                                                   - -                 29,682
                                                                        -----------            -----------
          Total assets                                                $     114,838           $    472,970
                                                                        ===========            ===========

                                      LIABILITIES AND STOCKHOLDERS' DEFICIT

Current liabilities:
   Accounts payable - Hecla Mining Company                            $     318,865           $    362,802
   Accounts payable - trade                                                   6,247                  2,683
   Accrued liabilities                                                          - -                 40,261
   Accrued interest payable - Hecla Mining Company                           77,420                 17,901
   Note payable - Hecla Mining Company                                      700,000                500,000
                                                                        -----------            -----------
          Total current liabilities                                       1,102,532                923,647
                                                                        -----------            -----------
Commitments (Notes 2, 5, and 10)

Stockholders' deficit:
   Preferred stock; $0.25 par value; authorized,
      10,000,000 shares; issued and outstanding, none                           - -                    - -
   Common stock; 1997 - no par value; 1996 - $0.10 
      par value; authorized: 1997 - 100,000,000 shares;
      1996 - 20,000,000 shares; issued 9,455,689 shares                   2,111,675                945,569
   Discount on common stock                                                     - -               (190,709)
   Capital surplus                                                              - -              1,356,815
   Accumulated deficit                                                   (3,095,908)            (2,558,891)
   Less: Common stock reacquired at cost; 
      1997 and 1996 - 5,932 shares                                           (3,461)                (3,461)
                                                                        -----------            -----------
          Total stockholders' deficit                                      (987,694)              (450,677)
                                                                        -----------            -----------
          Total liabilities and stockholders' deficit                 $     114,838           $    472,970
                                                                        ===========            ===========
</TABLE>
                                   The accompanying notes are an integral part
                                   of the consolidated financial statements.  
                                                      -14-


<PAGE> 15

                            CONSIL CORP.

               CONSOLIDATED STATEMENTS OF OPERATIONS

        For the years ended December 31, 1997, 1996 and 1995

                            -----------



<TABLE>
<CAPTION>
                                                     1997          1996          1995
                                                  -----------   -----------   -----------
<S>                                               <C>           <C>           <C>
Revenue:
  Interest                                        $       280   $     3,526   $    38,015
  Transfer fees                                           - -           152           844
  Gain on sale of mining property                         - -           - -       750,000
  Other                                                   - -           - -         5,460
                                                  -----------   -----------   -----------
                                                          280         3,678       794,319
                                                  -----------   -----------   -----------
Expenses:
  General and administrative                          350,748       347,714       419,475
  Exploration and acquisition                         105,848       646,437       784,956
  Depreciation                                          4,495         5,747           494
  Interest expense on note payable to 
    Hecla Mining Company                               59,519        17,901           - -
                                                  -----------   -----------   -----------
                                                      520,610     1,017,799     1,204,925
                                                  -----------   -----------   -----------

Loss before income taxes                             (520,330)   (1,014,121)     (410,606)

Income tax provision (benefit)                         16,687      (101,110)      104,125
                                                  -----------   -----------   -----------

Net loss                                          $  (537,017)  $  (913,011)  $  (514,731)
                                                  ===========   ===========   ===========

Basic and diluted loss per common share           $     (0.06)  $     (0.10)  $     (0.06)
                                                  ===========   ===========   ===========

Weighted average number of
  common shares outstanding                         9,449,757     9,450,691     8,365,939
                                                  ===========   ===========   ===========
</TABLE>


                             The accompanying notes are an integral
                        part of the consolidated financial statements.  





                                      -15-

<PAGE> 16
                                         CONSIL CORP.
                              CONSOLIDATED STATEMENTS OF CASH FLOWS
                      For the years ended December 31, 1997, 1996 and 1995
<TABLE>
<CAPTION>
                                                      1997          1996          1995
                                                   ----------    ----------    ----------
<S>                                                <C>           <C>           <C>
Operating activities:
  Net loss                                         $ (537,017)   $ (913,011)   $ (514,731)
  Adjustments to reconcile net loss
    to net cash used by operations:
      Gain on sale of mining property                     - -           - -      (750,000)
      Compensation expense associated with
        stock options                                     - -           - -       228,800
      Depreciation                                      4,495         5,747           494
      Deferred income tax provision (benefit)          (8,000)       99,000       (99,000)
      Prepaid and deferred legal and financing
        costs expensed                                 32,704           - -           - -
      Loss on sale of equipment                         1,158           - -           - -

  Change in:
    Accounts and other receivables                     10,060       (69,221)         (910)
    Income tax refund receivable                      202,816      (164,472)      (32,905)
    Prepaid and deferred expenses                         - -          (611)       (1,814)
    Accounts payable and accrued liabilities          (65,980)      123,079       277,937
    Property taxes payable                                - -           - -       (11,590)
    Accrued interest payable                           59,519        17,901           - -
                                                   ----------    ----------    ----------
  Net cash used by operating activities              (300,245)     (901,588)     (903,719)
                                                   ----------    ----------    ----------
Investing activities:
  Proceeds from sale of equipment and
    mining property                                    18,296           - -       750,000
  Acquisition of equipment                                - -       (39,410)       (5,434)
                                                   ----------    ----------    ----------
  Net cash provided (used) by investing activities     18,296       (39,410)      744,566
                                                   ----------    ----------    ----------
Financing activities:
  Deferred stock offering costs                           - -       (24,136)       (5,546)
  Proceeds from note payable                          369,999       500,000           - -
  Acquisition of treasury stock                           - -        (3,437)          - -
  Repayment of note payable                          (169,999)          - -           - -
                                                   ----------    ----------    ----------
  Net cash provided (used) by financing activities    200,000       472,427        (5,546)
                                                   ----------    ----------    ----------
Net decrease in cash and cash equivalents             (81,949)     (468,571)     (164,699)

Cash and cash equivalents at beginning of year        120,216       588,787       753,486
                                                   ----------    ----------    ----------
Cash and cash equivalents at end of year           $   38,267    $  120,216    $  588,787
                                                   ==========    ==========    ==========
Supplemental disclosure of cash flow information:
  Cash paid (received) for income taxes            $ (178,129)   $  (35,638)   $  236,000
                                                   ==========    ==========    ==========
</TABLE>
  For noncash financing activities see Notes 6 and 7
                             The accompanying notes are an integral
                        part of the consolidated financial statements.  
                                              -16-


<PAGE> 17

                                  CONSIL CORP.

           CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' DEFICIT

              For the Years Ended December 31, 1997, 1996 and 1995

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


<TABLE>
<CAPTION>
                                                                                   Discount 
                                  Preferred Stock             Common Stock            on    
                                ---------------------     ----------------------    Common      Capital    Accumulated   Treasury
                                Shares        Amount       Shares       Amount       Stock      Surplus      Deficit       Stock 
                                -------    -----------    ---------  -----------  ----------  ----------  ------------   --------
<S>                             <C>        <C>            <C>        <C>          <C>         <C>         <C>            <C>
BALANCES, 
  December 31, 1994              12,500    $ 1,250,000    8,205,689  $   820,569  $(190,709)  $    3,015  $ (1,131,149)  $   (24)

Net loss                                                                                                      (514,731)
Deemed capital contributions
  relating to common stock
  options granted by Hecla
  Mining Company                                                                                 228,800

Common stock issued to 
  Hecla Mining Company in 
  exchange for preferred 
  stock                         (12,500)    (1,250,000)   1,250,000      125,000               1,125,000              
                               --------    -----------  -----------   ----------  ---------   ----------   -----------    ------

BALANCES, 
  December 31, 1995                 - -            - -    9,455,689      945,569   (190,709)   1,356,815    (1,645,880)      (24)

Net loss                                                                                                      (913,011)

Acquisition of treasury stock                                                                                             (3,437)
                               --------    -----------  -----------   ----------  ---------   ----------   -----------    ------

BALANCES, 
  December 31, 1996                 - -            - -    9,455,689      945,569   (190,709)   1,356,815    (2,558,891)   (3,461)

Net loss                                                                                                      (537,017)

Change in equity accounts
  due to change to no par
  value common stock                - -            - -          - -    1,166,106    190,709   (1,356,815)          - -       - -
                               --------    -----------   ----------   ----------  ---------   ----------   -----------    ------

BALANCES,
  December 31, 1997                 - -    $       - -    9,455,689  $ 2,111,675  $     - -   $      - -  $ (3,095,908)  $(3,461)
                               ========    ===========   ==========   ==========  =========   ==========   ===========    ======
</TABLE>
                                     The accompanying notes are an integral
                                 part of the consolidated financial statements.

                                      -17-


<PAGE> 18
                            CONSIL CORP.

             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                             ----------

1.   Summary of Significant Accounting Policies
     ------------------------------------------ 

Organization
------------

     ConSil Corp.  (the Company  or ConSil),  formerly Consolidated
Silver Corporation, and its wholly owned subsidiary, Minera ConSil,
S.A.  de C.V.  (formed  on December  20,  1995) currently  have  no
operating properties.  Management  continues to evaluate  potential
business opportunities;  however,  unless the  company  can  secure
appropriate  financing, such  endeavors  are unlikely  in the  near
future.

     The accompanying consolidated financial statements include the
accounts  of   ConSil  and  its  wholly  owned   subsidiary.    All
significant intercompany  transactions and accounts  are eliminated
in  consolidation.    The  preparation  of  consolidated  financial
statements  in  conformity   with  generally  accepted   accounting
principles requires  management to make  estimates and  assumptions
that  affect the  reported amounts  of  assets and  liabilities and
disclosure of contingent assets and liabilities at the dates of the
financial  statements  and the  reported  amounts  of revenues  and
expenses during the reporting periods.  Actual results could differ
from those estimates.

     At December 31, 1997, the  Company had 9,449,757 common shares
outstanding  of which  Hecla  Mining Company  (Hecla, the  majority
stockholder of  the Company) owned  7,418,300 shares or  78.503% of
the outstanding shares.

     The financial statements have been prepared on a going concern
basis  which  assumes  realization  of assets  and  liquidation  of
liabilities   in    the   normal   course   of    business.      At
December 31, 1997,  the Company  has  negative  working capital  of
$995,694  and  a stockholders'  deficit of $987,694.   Included  in
current  liabilities is a $700,000  note payable to  Hecla which is
due March  31, 1998.   If other  sources of funds  are unavailable,
Hecla  has  committed  to  fund the  reasonable  minimum  financial
requirements of the Company through March 1999.

Exploration
-----------

     Exploration costs are charged to  operations as incurred.  The
purchase  of  Hecla's  interest  in  the  Ojo  Caliente exploration







                                -18-


<PAGE> 19

project  in 1995,  which  principally included  a reimbursement  of
Hecla's exploration  costs expended on the property  was charged to
operations (see Note 2).

Basic and Diluted Loss Per Common Share
---------------------------------------

     In February 1997, Statement of Financial  Accounting Standards
No.  128 (SFAS  128), "Earnings  per Share"  was issued.   SFAS 128
established  standards for  computing  and presenting  earnings per
share (EPS)  and simplifies the existing standards.   This standard
replaced the presentation of  primary and fully diluted EPS  with a
presentation of basic  and diluted EPS.  It  also requires the dual
presentation  of basic  and diluted EPS  on the face  of the income
statement  for all  entities  with complex  capital structures  and
requires a reconciliation  of the numerator and denominator  of the
basic  EPS  computation to  the  numerator and  denominator  of the
diluted EPS  computation.   The Company  adopted the  provisions of
SFAS  128 in  1997  and all  prior  periods have  been  restated to
conform with SFAS 128.  Due  to the losses in 1997, 1996 and  1995,
common stock  equivalents are antidilutive and  therefore have been
excluded from the computation.   Therefore, there was no difference
in the calculation of basic and primary EPS in 1997, 1996 and 1995,
and there is no difference between  basic and diluted EPS in any of
these three years.

Cash Equivalents
----------------

     The  Company considers  cash equivalents  to be  highly liquid
investments purchased with a remaining  maturity of three months or
less.    The Company's  financial instruments  that are  exposed to
concentrations of  credit risk consist  primarily of cash  and cash
equivalents.    The Company  places  its  cash  and temporary  cash
investments with institutions of high credit-worthiness.  At times,
such investments may be in excess of the federal insurance limit.

Deferred Stock Offering Costs
-----------------------------

     Deferred stock offering costs consist of costs associated with
planned  equity offerings.  The deferred  stock offering costs were
charged to operations  in 1997, as the contemplated  stock offering
was not successful.  

Income Taxes
------------

     The Company  records deferred  tax liabilities and  assets for
the expected future  income tax  consequences of  events that  have
been  recognized  in  its   financial  statements.    Deferred  tax
liabilities  and  assets  are  determined based  on  the  temporary
differences between  the financial  statement carrying  amounts and
the tax bases of assets and liabilities  using enacted tax rates in



                                -19-


<PAGE> 20

effect in the years in which the temporary differences are expected
to reverse.  

Equipment
---------

     Equipment  is stated  at the  lower of  cost or  estimated net
realizable value.  Maintenance, repairs and renewals are charged to
operations.  Betterments of  a major nature are capitalized.   When
assets  are retired or sold,  the costs and  related allowances for
depreciation and amortization are  eliminated from the accounts and
any   resulting  gain   or   loss  is   reflected  in   operations.
Depreciation is based on  the estimated useful lives of  assets and
is computed using the straight-line method.

     The Company  adopted the provisions of  Statement of Financial
Accounting Standards,  No. 121,  "Accounting for the  Impairment of
Long-Lived  Assets and  for Long-Lived  Assets to  be Disposed  Of"
(SFAS  121) effective  January  1,  1995.    The  adoption  of  the
provisions of  SFAS 121  had no material  effect on the  results of
operations, financial condition, or cash flows of the Company.

Accounting for Stock Options
----------------------------

     In  October  1995, the  Financial  Accounting Standards  Board
issued  Statement  of  Financial  Accounting   Standards  No.  123,
"Accounting  for Stock-Based  Compensation" (SFAS  123).   SFAS 123
establishes financial accounting and reporting standards for stock-
based  employee  compensation  plans.    SFAS  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
Accounting Principles  Board Opinion No. 25,  "Accounting for Stock
Issued  to   Employees".    The  Company   adopted  the  disclosure
provisions only of SFAS 123 in 1997.

Comprehensive Income
--------------------

     In June 1997, Statement  of Financial Accounting Standards No.
130  (SFAS 130),  "Comprehensive  Income", was  issued.   SFAS  130
establishes  standards for reporting  and display  of comprehensive
income  and its  components  in  a  full  set  of  general  purpose
financial  statements.   SFAS  130 is  effective  for fiscal  years
beginning  after December  15,  1997, and  requires restatement  of
earlier  periods presented.    The  Company  does not  believe  the
application of this  standard will  have a material  effect on  the
Company's presentation of its financial statements.








                                -20-


<PAGE> 21

2.   Mineral Rights
     --------------

     In  December  1995,  the  Company  purchased  from  Hecla  its
interest in the Ojo  Caliente exploration project located  near the
town of Zacatecas in the state of Zacatecas, Mexico, for $706,822. 
 
     The  Company  had a  commitment  to spend  minimum  amounts on
exploration  and  development  at   the  Ojo  Caliente  exploration
project.    On April  10, 1997,  ConSil,  through its  wholly owned
subsidiary  Minera ConSil,  terminated  its  agreement with  Minera
Portree  regarding  the  "Ojo  Caliente" project.    The  agreement
provided that  Minera ConSil return  all the concessions  to Minera
Portree  upon  such termination.   All  such concessions  have been
returned.

     On  February  9, 1996,  the  Company  entered  into  a  letter
agreement  (Sombrerete  Agreement)  for a  three-month,  pre-option
period to purchase a 100% interest in the Sombrerete silver mine in
the state  of Zacatecas, Mexico, including all  related surface and
underground  mining  rights,  all related  properties,  permits and
authorizations,   and  all   surface  and   underground  equipment,
buildings, and infrastructure.  In May  1996, the Company completed
its  preliminary investigation  of the  Sombrerete silver  mine and
informed Grupo  Catorce that it intended to enter into an option to
purchase  the property.  The  option agreement required the Company
to  pay Grupo  Catorce for  care and  maintenance of  the property.
During  the option period, the Company could exercise its option to
purchase  the property for $1 million over a three-year period with
$100,000 at the end of each  of the first and second year following
commencement of the option  period and $800,000 on the  exercise of
the option.  The option could be extended for up to five years with
the payment of additional funds.  As  of November 1996, the Company
had completed  the initial exploration program,  spending in excess
of required amounts.   ConSil obtained extensions on all provisions
of  the   agreement,   including  suspensions   on   all   required
expenditures and payments to Grupo Catorce.  Nevertheless, ConSil's
option agreement with Grupo Catorce on the Sombrerete properties in
Zacatecas,  Mexico expired  August  31, 1997  and  was not  further
extended, due to lack of funds.

     In conjunction with the  Ojo Caliente and Sombrerete projects,
the  Company's  wholly  owned  Mexican  subsidiary, Minera  ConSil,
entered into an agreement  with Minera Hecla, S.A. de  C.V. (Minera
Hecla), a  wholly owned subsidiary  of Hecla, whereby  Minera Hecla
carried  out exploration activities  on the projects  for which the
Company reimbursed Minera Hecla for its costs. The Company received
a credit  against exploration expenses incurred in 1996 and through
the first quarter of  1997 of $57,364.  Actual  exploration expense
for 1997 in connection with  services  performed  by  Minera  Hecla







                                -21-


<PAGE> 22

under the direction of the management of Minera ConSil was $27,719;
expenses for 1996 were approximately $453,793.

     In November 1995, the Company completed the sale of the Silver
Summit mine property located in Shoshone County, Idaho, to Sunshine
Precious Metals, Inc. (Sunshine).  The sales agreement conveyed all
of the Company's  subsurface mineral  rights and the  mill site  in
exchange  for a  cash  payment of  $750,000  to the  Company.   The
Company also transferred all  on-site reclamation and environmental
liabilities   to   Sunshine.      All   off-site   reclamation  and
environmental  liabilities, if  any, related  to the  Silver Summit
mine  property were retained by the Company.  In addition, Sunshine
shall pay the Company  a variable production royalty, based  on the
price  of silver,  ranging from  2.0% to  4.0%  of the  net smelter
returns.  The  assets sold  had no net  book value; therefore,  the
Company recognized  the $750,000 as  a gain  on sale of  the mining
property.

3.   Equipment
     ---------

     The  major components of equipment at December 31, 1996 are as
follows:


     Furniture and fixtures                     $    29,094
     Vehicle                                         15,750
                                                  ---------
                                                     44,844
     Less accumulated depreciation                   (6,241)
                                                  ---------

                                                $    38,603
                                                  =========

     As of December 31, 1997, all equipment has been sold.

4.   Income Taxes
     ------------

     The components of the Company's income tax provision (benefit)
for  the  years ended  December  31,  1997, 1996  and  1995 are  as
follows:  














                                -22-


<PAGE> 23

                            1997        1996         1995  
                         ---------   ---------    ---------
     Current:
            Federal      $     - -   $(173,869)  $  164,112
            State           24,687     (26,241)      39,013
                         ---------   ---------    ---------
                            24,687    (200,110)     203,125
                         ---------   ---------    ---------
     Deferred:
            Federal            - -      80,000      (80,000)
            State           (8,000)     19,000      (19,000)
                         ---------   ---------    ---------
                            (8,000)     99,000      (99,000)
                         ---------   ---------    ---------

          Total          $  16,687   $(101,110)  $  104,125
                         =========   =========    =========

     The  income  tax  provision  (benefit)  for  the  years  ended
December 31, 1997,  1996 and  1995 differs from  the amounts  which
would be provided by applying the statutory federal income tax rate
to the loss before  income taxes.  The reasons for  the differences
are as follows:  
<TABLE>
<CAPTION>
                              1997              1996              1995     
                        --------------    ---------------    --------------
<S>                     <C>        <C>    <C>        <C>     <C>         <C>
Computed "statutory"    $(176,912) (34)%  $ (344,801) (34)%  $(139,606) (34)%
   benefit
Effect of other 
   expenses                (1,952)  (1)       (4,490) - -       77,792   19
Change in valuation 
   allowance due to 
   uncertainty of
   recovery of deferred
   tax assets             216,244   42       255,422   25      197,714   48
Effect of state
   income taxes           (20,693)  (4)       (7,241)  (1)     (31,775)  (8)
                        ---------  ---     ---------   --    ---------   --
                        $  16,687    3%   $ (101,110) (10)%  $ 104,125   25%
                        =========  ===     =========  ===    =========   ==

      At December 31, 1997  and 1996, the Company had the following
deferred tax asset:
                                              1997         1996  
                                           ---------    ---------
          Capitalized exploration costs    $ 677,380    $ 453,136
          Valuation allowance               (669,380)    (453,136)
                                           ---------    ---------
          Net deferred tax asset           $   8,000    $     - -
                                           =========    =========

     The change in  the valuation allowance during  the years ended
December 31, 1997 and 1996 is as follows:


                                -23-


<PAGE> 24
                                         1997        1996        1995  
                                       ---------   ---------   ---------
      Balance,
         beginning of year             $ 453,136   $ 197,714   $     - -
      Change due to
         utilization/nonutilization
         of net operating loss
         carryforwards                   216,244     255,422     197,714
                                       ---------   ---------   ---------
      Balance, end of year             $ 669,380   $ 453,136   $ 197,714
                                       =========   =========   =========

      The  Company has  recorded  the above  valuation allowance to
reflect  the estimated amount of  the deferred tax  asset which may
not  be  realized  principally due  to  limitation  of the  refunds
available during the carryback period and the uncertainty regarding
the  generation  of  future  taxable income  to  utilize  reversing
deductible  items.    The   realization  of  the  Company's  future
deductible items  that are  not recoverable  through the  refund of
prior income  taxes  is dependent  upon  the Company's  ability  to
generate future taxable income.  If it becomes more likely than not
that the Company will generate future taxable income, the valuation
allowance could be adjusted in the near term.

     At  December 31, 1997, the  Company had federal  and state net
operating  loss carryforwards  of  $567,250,  substantially all  of
which will expire in the year 2012.

5.   Note Payable
     ------------

     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 plus one and one-half percent, which was 9.75%
at December 31,  1996.  The loan was payable  upon demand by Hecla,
and  was due in its entirety  on or before December  31, 1996.  The
loan  agreement   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.   On
February  19, 1997, the Company and Hecla entered into an amendment
to  the  loan agreement.    Under  the terms  of  the  amended loan
agreement, the  amount available  under the  loan was  increased to
$700,000,   and  the  due  date   of  the  loan   was  extended  to
April 30, 1997.  On  April 16,  1997, the Loan  Agreement -  Second
Amendment extended  the date  of repayment  to August  1, 1997.   A
third  amendment  dated August  1, 1997  extended  the due  date to
September  30,  1997.   A fourth  amendment  dated October  1, 1997
extended the due date to March 31, 1998.  All other terms under the
amended  loan agreement are substantially identical to the terms in
the original loan agreement.  At December 31, 1997, the Company was




                                -24-


<PAGE> 25

in compliance with the  restrictions under the loan agreement.   At
December 31, 1997,  there was $700,000  outstanding under the  loan
agreement with  Hecla, and accrued  interest due to  Hecla totaling
$77,420.  Interest expense related to this note for the years ended
December  31, 1997 and December  31, 1996 was  $59,519 and $17,901,
respectively.

6.   Common and Preferred Stock
     --------------------------

     In  September 1995,  the  Company issued  1,250,000 shares  of
common  stock to Hecla in  exchange for 12,500  shares of preferred
stock held by Hecla which  represented the total outstanding shares
of  preferred stock.  The preferred shares previously held by Hecla
were subsequently canceled.  The rights of the authorized preferred
stock will be determined by the Board of Directors, if and when any
preferred stock is issued.

     At the  Company's  annual meeting  on March  17, 1997,  Hecla,
beneficial owner of 78.503% of the outstanding common stock,  voted
all   of  its  shares  in   favor  of  amending   the  Articles  of
Incorporation to  increase the number  of authorized shares  of the
Company's Common Stock from  20,000,000 shares, $.10 par  value, to
100,000,000 shares, no par value.

7.   Related Party Transactions
     --------------------------

     In addition  to related party transactions  described in Notes
2, 5  and 6,  during the  years ended December  31, 1997,  1996 and
1995, general and administrative  expenses of $16,387, $24,773, and
$88,172, respectively, were charged to the Company by Hecla.  Also,
during  the  year ended  December 31,  1997,  the Company  sold its
remaining fixed assets to Hecla at book value ($14,655), in partial
settlement of amounts due to Hecla.

     As  of January 1, 1997, Hecla and the Company's President, Mr.
Ralph R. Noyes, entered into a Stock Option Agreement which revised
a prior  agreement dated November  14, 1995, whereby  Hecla granted
Mr. Noyes  the following options  to purchase the  Company's common
stock which is currently owned by Hecla:
















                                -25-


<PAGE> 26

                  Option
                  Price              Shares 
               -----------         ---------

                     $0.10           200,000
                      0.50           225,000(1)
                      1.00           225,000(2)
               -----------         ---------
               $0.10-$1.00           650,000
               ===========         =========

          (1)  Contingent upon obtaining financing, as defined.
          (2)  Contingent upon the closing of certain transactions.

     However,   these   options   expired  unexercised   upon   the
resignation of the President, effective October 1, 1997.

     In  conjunction with  the November  1995 agreement,  Hecla had
also  granted  options  to  the  Company's  former  President,  Mr.
Carlson.  Due to  Mr. Carlson's resignation in 1996,  these options
expired unexercised.

     The  estimated  fair value  of the  Company's common  stock in
November  1995, at the date of grant of the non-contingent options,
exceeded  the $0.10  option price.    Accordingly, during  the year
ended  December   31,  1995,  the  Company   recorded  $228,800  of
compensation expense and a  related capital contribution from Hecla
relating to these options. 

8.   Fair Value of Financial Instruments
     -----------------------------------

     The   following  estimated   fair  value  amounts   have  been
determined  using  available  market  information  and  appropriate
valuation  methodologies.     However,  considerable  judgment   is
required to interpret market  data and to develop the  estimates of
fair  value.  Accordingly,  the estimates presented  herein are not
necessarily indicative of the amounts the Company could realize  in
a current market exchange.

     The  estimated fair  values  of financial  instruments are  as
follows:















                                -26-

<PAGE> 27

</TABLE>
<TABLE>
<CAPTION>
                                                  December 31,
                                ------------------------------------------------
                                         1997                      1996
                                ----------------------    ----------------------
                                Carrying       Fair       Carrying       Fair   
                                 Amounts       Value       Amounts       Value
                                ---------    ---------    ---------    ---------
<S>                             <C>          <C>          <C>          <C> 
Financial assets:
  Cash and cash equivalents     $  38,267    $  38,267    $ 120,216    $ 120,216
  Accounts and other 
     receivables                   60,571       60,571       70,631       70,631
  Income tax refund
     receivable                     8,000        8,000      210,816      210,816
Financial liabilities:
  Current liabilities             402,532      402,532      423,647      423,647
  Note payable                    700,000      700,000      500,000      500,000
</TABLE>
      Due  to the nature of  cash and cash equivalents, receivables, and current
liabilities, the fair value approximates their carrying amounts.  The fair value
of the note payable approximates its carrying value due to the term and variable
interest rate associated with the note.

9.    Geographic Segments
      -------------------
<TABLE>
<CAPTION>
                                     1997            1996            1995
                                  ----------      ----------      ----------
<S>                               <C>             <C>             <C>
Net income (loss)
   United States                  $ (428,319)     $ (362,585)     $  270,719
   Mexico                           (105,848)       (442,976)       (784,956)
   Canada                             (2,850)       (107,450)           (494)
                                  ----------      ----------      ----------
                                  $ (537,017)     $ (913,011)    $  (514,731)
                                  ==========      ==========      ==========
Identifiable assets(1)
 Equipment:
   United States                  $      - -      $   18,710     $       - -
   Mexico                                - -             - -             - -
   Canada                                - -          19,893           4,940
                                  ----------      ----------      ----------
                                  $      - -      $   38,603     $     4,940
                                  ==========      ==========      ==========
 General corporate assets
   United States                  $   48,010      $  327,838     $   743,498
   Mexico                             60,265          66,446             - -
   Canada                              6,563          40,083             - -
                                  ----------      ----------      ----------
                                  $  114,838      $  434,367     $   743,498
                                  ==========      ==========      ==========
</TABLE>
      (1)   Identifiable  assets of  each country  are  those that  are directly
            identified with those  operations.  General corporate assets consist
            primarily of cash and cash equivalents and  miscellaneous and income
            tax refund receivables.
                                      -27-


<PAGE> 28

     In June 1997, Statement  of Financial Accounting Standards No.
131 (SFAS 131),  "Disclosures about Segments  of an Enterprise  and
Related Information"  was issued.   SFAS 131  establishes standards
for  the way  that a  public enterprise  reports information  about
operating segments in annual financial statements and requires that
those  enterprises  report  selected  information  about  operating
segments in interim financial reports issued to shareholders.  SFAS
131  is effective  for fiscal  years beginning  after  December 15,
1997, and requires  restatement of earlier periods  presented.  The
Company does not believe the application of this standard will have
a material effect  on the Company's  presentation of its  operating
segments.

10.  Lease Commitment
     ----------------

     In  1996, the Company entered into leases for office space and
equipment.   All leases  are operating  leases with  maturity dates
between  May 1999, and January  2000.  In  January 1997, all leases
were  assumed by  an  assignee  and  the  Company  has  no  further
obligations  under the lease agreements.  During 1997 and 1996, the
Company incurred rent expense of $2,409 and $22,751, respectively.

11.  Reconciliation of U.S. Generally Accepted Accounting 
     ----------------------------------------------------
     Principles (GAAP) to Canadian GAAP
     -----------------------

     The Company prepares its consolidated financial  statements in
accordance  with   generally  accepted  accounting   principles  as
practiced  in the United States.  The differences between U.S. GAAP
and  Canadian  GAAP and  the  effects on  stockholders'  deficit at
December 31,  1997 and 1996  and the net  loss for the  years ended
December 31, 1997, 1996 and 1995 are as follows:























                                -28-


<PAGE> 29
<TABLE>
<CAPTION>
                                            1997          1996   
                                         ----------    ----------
<S>                                     <C>           <C>            <C>
Total stockholders' deficit at
    December 31, per U.S. generally
    accepted accounting principles      $  (987,694)  $  (450,677)

Adjustments to conform with Canadian
    generally accepted accounting
    principles:
       Deferred income tax assets            (8,000)          - -
                                         ----------    ----------
Total stockholders' deficit at
    December 31, per Canadian
    generally accepted accounting
    principles                          $  (995,694)  $  (450,677)
                                         ==========    ==========


                                            1997          1996          1995  
                                         ----------    ----------    ---------
Net loss for the year ended
    December 31, per U.S. generally
    accepted accounting principles      $  (537,017)  $  (913,011)   $(514,731)

Adjustments to conform with Canadian
    generally accepted accounting
    principles:
       Deferred income tax provision
       (benefit)                             (8,000)       99,000      (99,000)
                                         ----------    ----------    ---------
Net loss for the year ended 
    December 31, per Canadian
    generally accepted accounting
    principles                          $  (545,017)  $  (814,011)   $(613,731)
                                         ==========    ==========    =========
</TABLE>

12.  Basic and Diluted Loss Per Common Share
     ---------------------------------------

     In  accordance with SFAS  128, the following  table presents a
reconciliation  of  the  numerators  (net  loss)  and  denominators
(shares)  used in  the  basic and  diluted  loss per  common  share
computations for the years ended December 31, 1997, 1996 and 1995.











                                -29-


<PAGE> 30
<TABLE>
<CAPTION>
                                    1997                                 1996                                   1995
                    --------------------------------------------------------------------------------------------------------------
                                             Per Share                              Per Share                            Per Share
                       Net Loss    Shares      Amount       Net Loss    Shares       Amount      Net Loss      Shares      Amount
                    --------------------------------------------------------------------------------------------------------------
<S>                 <C>            <C>        <C>        <C>            <C>        <C>         <C>           <C>         <C>
Net loss            $  (537,017)                         $  (913,011)                          $ (514,731)

Basic loss          $  (537,017)   9,449,757  $  (0.06)  $  (913,011)   9,450,691  $  (0.10)   $ (514,731)   8,365,939   $   (0.06)
                      =========    =========  ========     =========    =========  ========     =========    =========     =======
Effect of dilutive
  securities (1)

Diluted loss        $  (537,017)   9,449,757  $  (0.06)  $  (913,011)   9,450,691  $  (0.10)   $ (514,731)   8,365,939   $   (0.06)
                      =========    =========  ========     =========    =========   =======     =========    =========     =======
</TABLE>

(1) Dilutive Securities
    -------------------

      As of December  31, 1997,  there were 180,000  shares available  for issue
under granted stock options.  These options were not included in the computation
of diluted loss per common share as a loss was incurred in  each of these years,
and their inclusion would be antidilutive.

13.  Stock Option Plans
     ------------------

     At December  31, 1997,  officers, key employees  and directors
had  been granted  options to  purchase common  shares under  stock
option  plans  described  below.    The  Company  has  adopted  the
disclosure-only provisions  of SFAS  123.  No  compensation expense
was  recognized under these plans in 1997 for options granted under
the  stock option plans.   Had compensation cost  for the Company's
stock option plans been determined  based on the fair value  at the
grant date for awards  consistent with the provisions of  SFAS 123,
the  Company's  loss  and  per  share  loss  applicable  to  common
shareholders for the year  ended December 31, 1997 would  have been
increased to the pro forma amounts indicated below:

Loss applicable to common shareholders:
     As reported                              $537,017
     Pro forma                                $565,027
Loss applicable to common shareholders 
per share:
     As reported                              $  (0.06)
     Pro forma                                $  (0.06)

     The fair market value of each option grant is estimated on the
date of grant using the Black-Scholes option-pricing model with the
following weighted average assumptions:

     Expected dividend yield                     0.00%
     Expected stock price volatility            93.23%
     Risk-free interest rate                     6.42%
     Expected life of options                      5.0  years
                                -30-


<PAGE> 31

The grant date fair value of options granted in 1997 was $0.65.

     In 1997,  the shareholders of  the Company approved  two stock
option plans.   The ConSil  Stock Option Plan  provides for  stock-
based  grants  to  selected   officers,  directors  and  other  key
employees.   The ConSil Corp. Incentive  Stock Option Plan provides
for  stock-based grants  to  participating employees.   The  option
price of stock options issued under the Incentive Stock Option Plan
may not be less  than the fair market value  on the date of  grant.
The terms  of the options under either plan shall be no longer than
five years from the date of grant.  During 1997, 180,000 options to
acquire shares  were granted to  the Company's directors  under the
ConSil Corp. Stock  Option Plan.   Of the  options granted,  60,000
expired  due to  the resignation of  a director.   Under the ConSil
Corp. Incentive Stock Option Plan 335,000 options to acquire shares
were granted to  the Company's officers.  Resignations  of officers
caused 275,000 of these options  to expire.  At December 31,  1997,
there were 765,000 shares available for grant under the plans.

     Transactions concerning stock options  pursuant to both of the
above described plans are summarized as follows:

                                                     Exercise
                                         Shares        Price
                                        --------     --------
     Outstanding, December 31, 1996          - -         - -
         Granted                         515,000       $0.87
         Exercised                           - -         - -
         Expired                        (335,000)      $0.87
                                        --------
     Outstanding, December 31, 1997      180,000       $0.87
                                        ========

     All of the  options outstanding  as of December  31, 1997  are
fully exercisable and have  a remaining life  of 4.0 years.   There
were no amounts charged to operations related to the plans in 1997.





















                                -31-


<PAGE> 32

                              PART III
                              --------

Item 10.  Directors and Executive Officers of the Registrant
          --------------------------------------------------

     The information  required by this item  is incorporated herein
by reference to Item 12 of this report.  

Item 11.  Executive Compensation
          ----------------------

     Reference  is made  to  the information  set  forth under  the
caption "Remuneration and Other  Compensation of Management" in the
Information  Statement  filed  pursuant  to  Regulation 14C,  which
information is incorporated herein by reference.

     The  Company's  policy  during  1996  was  to  compensate  the
Company's  Board of Directors with an annual retainer of $750 and a
meeting fee of $200 per meeting  attended in person.  No  directors
were compensated pursuant to this policy during 1997.

     Charges  of  $16,387, $24,773  and  $88,172 were  made  to the
Company  by  Hecla  in  1997,  1996  and  1995,  respectively,  for
accounting and other administrative  services rendered by employees
of Hecla.  

Item 12.  Security Ownership of Certain Beneficial Owners and
          ---------------------------------------------------
          Management
          ----------

     (a)  Security ownership  of certain  beneficial  owners as  of
March 1, 1997:  

      Title            Name and               Amount and            Percent
       of             Address of               Nature of              of
      Class        Beneficial Owner       Beneficial Ownership       Class
   ----------   ----------------------   ----------------------    ---------

  Common Stock   Hecla Mining Company
                 Coeur d'Alene, Idaho       7,418,300 shares        78.503


      In 1996,  the Company  purchased 5,926 shares  from dissenting
stockholders which increased the balance of treasury  shares from 6
shares  to 5,932  shares  and thereby  reduced overall  outstanding
shares and increased Hecla's  percentage ownership of the Company's
outstanding common stock from 78.453% to 78.503%.

     (b)  Security ownership of management as of March 1, 1998:  






                                -32-


<PAGE> 33
<TABLE>
<CAPTION>
                                                                Common Shares
                                              Year First     Owned Beneficially,
                                              Elected As   Directly or Indirectly,     Percent
                 Name                 Age     A Director     as of March 1, 1998    of Class (3)
                 ----                 ---     ----------     -------------------    ------------
<S>                                   <C>        <C>              <C>                     <C>
Michael B. White (1)                  47         1989              61,000                 *
      Vice  President since  1992 and
      Secretary  from  1982 to  1995.
      Mr.  White  is Vice  President-
      General  Counsel and  Secretary
      of Hecla Mining Company.

Charles F. Asher (2)                  76         1992              60,000                 *
      President  of Plainview  Mining
      Company.   He  has served  as a
      director   of    Merger   Mines
      Corporation   and   Verna   Mae
      Mining since 1987.

George R. Johnson                     49         1997               -0-                   *
      Chairman  and  President  since
      October, 1997.  Mr.  Johnson is
      Vice  President -  Metal Mining
      of Hecla Mining Company.

William J. Weymark (2)                45         1995              60,000                 *
      President of Vancouver  Wharves
      since 1996.   Prior to that, he
      was    Vice     President    of
      Operations of Vancouver Wharves
      from 1991  to 1996.   He serves
      on the boards of several public
      Canadian resource companies.

All Officers and Directors as a Group  (4 Individuals)             181,000              1.9%
</TABLE>

     There are no family relationships between any of the executive
     officers and directors.

*    Less than one percent (1%) of the total issued and outstanding
     shares of Common Stock.

(1)  Includes 60,000  shares subject  to options granted  under the
     Company's  Stock  Option Plan  issued  at the  rate  of $0.87,
     expiring  on January 13, 2002.  Additionally, Mr. White is the
     beneficial owner  of 31,518  shares of  common stock  of Hecla
     Mining  Company,  the  majority  shareholder  of the  Company,
     including  30,900 options  exercisable  within 60  days.   The
     exercise  price of these options is currently greater than the
     market price of Hecla Mining Company's common stock.

(2)  Consists solely of shares subject to options granted under the
     Company's  Stock  Option Plan  issued  at the  rate  of $0.87,
     expiring January 13, 2002.
                                -33-


<PAGE> 34

(3)  In addition to the 9,449,757 shares of  common stock currently
     outstanding,  the 180,000  shares subject  to options  granted
     under  the  Company's  Stock Option  Plan  were  deemed  to be
     outstanding  for the  purpose of  computing the  percentage of
     outstanding  securities  of the  common  stock  owned by  such
     persons.

Item 13.  Certain Relationships and Related Transactions
          ----------------------------------------------

     The  following  executive  officers and  directors  have  been
granted options  in 1997  pursuant to  the  Company's Stock  Option
Plans.

<TABLE>
<CAPTION>
                           No. of Shares      Exercise Price     Expiration
    Name of Optionee       Under Option      Per Share (U.S.$)      Date
    ----------------       ------------      -----------------      ----
  <S>                          <C>                  <C>       <C>
  Incentive Stock Options:
  Michael White                60,000               0.87      January 13, 2002

  Stock Options:
  William Weymark              60,000               0.87      January 13, 2002
  Charles Asher                60,000               0.87      January 13, 2002
  </TABLE>

      See  Notes 2,  5,  6  and 7  to  the  Consolidated  Financial
Statements for description of certain additional business relations
required to be reported under this Item.


























                                -34-


<PAGE> 35

                              PART IV
                              -------

Item 14.  Exhibits, Financial Statement Schedules, and Reports on
          --------------------------------------------------------
          Form 8-K
          --------

     (a)  (1)  Index to Consolidated Financial Statements:  

                                                           Page 
                                                          ------
     Report of Independent Accountants                      13

     Consolidated Balance Sheets at December 31, 1997 
       and 1996                                             14

     Consolidated Statements of Operations for the 
       Years Ended December 31, 1997, 1996 and 1995         15

     Consolidated Statements of Cash Flows for the 
       Years Ended December 31, 1997, 1996 and 1995         16

     Consolidated Statements of Changes in Stockholders' 
       Equity (Deficit) for the Years Ended 
       December 31, 1997, 1996 and 1995                     17

     Notes to Consolidated Financial Statements             18

     (b)  Reports on Form 8-K

          None.

     (c)  Exhibits

          The exhibit  numbers in the following  list correspond to
          the numbers  assigned  to such  Exhibits in  Item 601  of
          Regulation S-K.  

          Number    Description of Exhibits
          ------    -----------------------

          3(i)      Restated Articles of Incorporation
                    as Amended 3/17/97

          3(ii)     Bylaws of Registrant **

          10.1(c)   Loan Agreement - Second Amendment **

          10.2      Debt Settlement Agreement **

          10.3      Stock Option Plan(1) **





                                -35-


<PAGE> 36


          10.4      Incentive Stock Option Plan(1) **

          10.5      Master Agreement **

          10.6      Loan Agreement - Third Amendment **

          10.7      Loan Agreement - Fourth Amendment **

          27        Financial Data Schedule

-----------
     1.   Indicates a management  contract or compensatory plan  or
          arrangement.

     **   These  exhibits  were  filed  in SEC  File  #0-4846-3  as
          indicated  below  and  are  incorporated  herein  by this
          reference thereto:  

                    Corresponding Exhibit in Annual Report on 
     Exhibit in     Form 10-K or Quarterly Report on Form 10-Q,
     this Report    or other filing, as indicated
     -----------    ---------------------------------------------

        3(ii)       (3.2)     (1995 10-K)

        10.1(c)               Form 10Q - Period Ending 3/31/97

        10.2                  Form 10Q - Period Ending 3/31/97

        10.3                  Form 10Q - Period Ending 3/31/97

        10.4                  Form 10Q - Period Ending 3/31/97

        10.5                  Form 10Q - Period Ending 6/30/97

        10.6                  Form 10Q - Period Ending 9/30/97

        10.7                  Form 10Q - Period Ending 9/30/97


















                                -36-


<PAGE> 37


                             SIGNATURES
                             ----------

     Pursuant to the  requirements of  Section 13 or  15(d) of  the
Securities Exchange  Act of 1934,  the Registrant  has duly  caused
this annual  report to be signed on  its behalf by the undersigned,
thereunto duly authorized, on March 24, 1998.

                              CONSIL CORP.



                              By   /s/ George R. Johnson          
                                ---------------------------------
                                   George R. Johnson, President,
                                   Chairman of the Board,
                                    and Director  


     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  and on  the dates
indicated.  



/s/ George R. Johnson  3/24/98     /s/ Michael B. White     3/24/98
------------------------------     --------------------------------
George R. Johnson         Date     Michael B. White            Date
President, Chairman of the         Vice President
Board and Director                 Director
(principal executive officer)




/s/ David F. Wolfe     3/24/98     /s/ Charles F. Asher     3/24/98
------------------------------     --------------------------------
David F. Wolfe            Date     Charles F. Asher            Date
Treasurer (principal accounting    Director
and Financial Officer)



/s/ William J. Weymark 3/24/98
------------------------------
William J. Weymark        Date
Director








                                -37-


<PAGE> 38


           LIST OF EXHIBITS TO BE FILED WITH THIS 10-K




          Number    Description of Exhibits
          ------    -----------------------


           3.1      Restated Articles of Incorporation 
                    as amended 3/17/97

            27      Financial Data Schedule





















                                -38-