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                     SECURITIES AND EXCHANGE COMMISSION
                        Washington, D.C.  20549

                                FORM 10-QSB

       QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
                     EXCHANGE COMMISSION ACT OF 1934

             For the quarterly period ended November 30, 1999

                  Commission File Number:    001-05970

                         SILVER BUTTE MINING COMPANY
            (Exact name of registrant as specified in its charter)

                  IDAHO                            82-0263301
 (State or other jurisdiction of            (I.R.S. Employer
   Incorporation or organization)            Identification Number)


            520 Cedar Street, Sandpoint, ID                   83864
       (Address of Principal Executive Offices)             (Zip Code)

                             (208) 263-5154
          Registrant's telephone number, including area code


Check whether the issuer (1) 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 (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.

                 Yes    (X)            No ( )



The number of shares of Common Stock, $.05 par value, outstanding as
of November 30, 1999, was 7,828,748.



DOCUMENTS INCORPORATED BY REFERENCE:  NONE

Transitional Small Business Disclosure Format (Check One):  Yes ( ) No (X)













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Document page 1 of 8
<PAGE>
SILVER  BUTTE  MINING  COMPANY
FORM  10-QSB  QUARTERLY  REPORT
November  30,  1999



INDEX

                                                                   Page
                                                                  Number

Part  I - FINANCIAL  INFORMATION

Item  1.  Condensed  Financial  Statements

     Balance Sheets, November 30, 1999, and August 31, 1999          3

     Income statements for the three months
          ended November 30,  1999,  and  1998                       4

     Cash Flow Statements for the three months ended
          November 30, 1999 and 1998                                 5

     Notes  to  Condensed  Financial  Statements                     6

Item  2.  Management's  Discussion  and  Analysis  of
          Financial  Condition  and  Results  of  Operations         7

Signature  Page                                                      8
































Document page 2 of 8
<PAGE>
SILVER BUTTE MINING COMPANY
CONDENSED BALANCE SHEETS
November 30, 1999 and August 31, 1999

<TABLE>
                                             November 30,        August 31,
                                                 1999              1999
                                             ____________      ____________

<C>                                          <S>               <S>
ASSETS

CURRENT ASSETS
     Cash and cash equivalents               $     1,940       $     1,893
     Certificate of deposit for State lease        5,000             5,000
     Marketable securities                        65,343            64,521
     Accounts receivable                             829               829
     Prepaid expenses                                492               667
                                             ____________      ____________

         TOTAL CURRENT ASSETS                     73,604            72,910

PROPERTY, PLANT & EQUIPMENT
     Properties                                    3,000             3,000
     Equipment and machinery                      19,704            19,704
     Accumulated depreciation                    (19,704)          (19,704)
                                             ____________      ____________
                                                   3,000             3,000
                                             ____________      ____________

TOTAL ASSETS                                 $    76,604       $    75,910
                                             ============      ============

LIABILITIES AND SHAREHOLDERS' EQUITY

CURRENT LIABILITIES

   Accounts payable                          $     2,434       $     2,283
                                             ____________      ____________

         TOTAL CURRENT LIABILITIES                 2,434             2,283
                                             ____________      ____________
SHAREHOLDERS' EQUITY

     Common stock, $.05 par value
       authorized 10,000,000 shares,
       issued and outstanding,
       7,828,748 shares                          391,437           391,437
     Additional paid-in capital                  392,953           392,953
     Accumulated deficit                        (710,220)         (710,763)

                                             ____________      ____________

         TOTAL SHAREHOLDERS' EQUITY               74,170            73,627
                                             ____________      ____________

TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY   $    76,604       $    75,910
                                             ============      ============
</TABLE>

The accompanying notes are an integral part of these financial statements.

Document page 3 of 8
<PAGE>
SILVER BUTTE MINING COMPANY
CONDENSED INCOME STATEMENTS
For the Three Months Ended November 30, 1999 and 1998

<TABLE>
                             Three Months Ended
                        __________________________
                        November 30,  November 30,
                            1999         1998
                        ____________  ____________
<S>                     <C>           <C>
REVENUES
  Dividend income       $       822   $       899
  Interest income                68            72
  Rock sales                    -             504
  Misc. other income            -              33
                        ____________  ____________

       Total Revenues           890         1,508
                        ____________  ____________


EXPENSES
  Wages and other
    compensation                -           2,598
  Professional
    services                    120           465
  Taxes and insurance           -             839
  Rent                          175           267
  Office expense                 48           -
  Miscellaneous                   4           689
                        ____________  ____________

        Total Expenses          347          4,858
                        ____________  ____________

INCOME (LOSS) BEFORE            543         (3,350)
  INCOME TAXES

INCOME TAXES                    -             -
                        ____________  ____________

NET INCOME (LOSS)       $       543   $     (3,350)
                        ============  ============

Income (Loss) per Share
  Of Common Stock
  Outstanding           $    0.0001   $   (0.0004)
                        ============  ============

Weighted Average Number
  Of Common Shares
  Outstanding             7,828,748     7,828,748
                        ============  ============

</TABLE>


The accompanying notes are an integral part of these financial statements.

Document page 4 of 8
                                        4
<PAGE>
SILVER BUTTE MINING COMPANY
CONDENSED STATEMENTS OF CASH FLOWS
For the Three Months Ended November 30, 1999 and 1998

<TABLE>

                                                   Three Months Ended
                                             ______________________________
                                             November 30,      November 30,
                                                 1999              1998
                                             ____________      ____________


<C>                                          <S>               <S>

CASH FLOWS FROM OPERATING ACTIVITIES

  Net Income (Loss)                          $       543       $    (3,350)
  Adjustments to reconcile net income
    (loss) to net cash provided by
    (used in) operating activities:
      Increase in payables                           151             2,486
      Decrease in prepaid expenses                   175               328
      Increase in receivables                        -                (242)
                                             ____________      ____________
           Net cash provided by (used in)
             operating activities                    869              (778)
                                             ____________      ____________

CASH FLOWS FROM INVESTING ACTIVITIES

      Decrease (increase) in marketable
        securities                                  (882)            1,101
                                             ____________      ____________
           Net cash provided by (used in)
              investing activities                  (882)            1,101
                                             ____________      ____________

NET INCREASE IN
   CASH AND CASH EQUIVALENTS                          47               323

Cash and Cash Equivalents at Beginning
  of Period                                        1,893               480
                                             ____________      ____________

Cash and Cash Equivalents at End of Period   $     1,940       $       803
                                             ============      ============

Interest expense paid                        $       -         $       -
                                             ============      ============


Income taxes paid                            $       -         $       -
                                             ============      ============




</TABLE>

The accompanying notes are an integral part of these financial statements.

Document page 5 of 8
<PAGE>
SILVER  BUTTE  MINING  COMPANY
NOTES  TO  CONDENSED  FINANCIAL  STATEMENTS
November  30,  1999

Note  1.     Presentation  of  Interim  Information

The  accompanying unaudited condensed financial statements have been prepared by
Silver  Butte  Mining  Company's  management.  In  management's  opinion,  these
condensed  financial  statements  include  all  normal  adjustments  considered
necessary  to present fairly the financial position as of November 30, 1999, and
the results of operations for the three months ended November 30, 1999 and 1998,
and  cash  flows for the three months ended November 30, 1999 and 1998.  Interim
results  are  not  necessarily  indicative  of  results  for  a  full  year.

The  condensed financial statements and notes are presented as permitted by Form
10-QSB, and do not contain certain information that is included in the Company's
annual  financial  statements.

Note  2.     Company  Business

The Company was incorporated under the laws of the State of Idaho on January 19,
1965,  and  was  in  the  exploratory  mining  stage from its inception until it
decided  to  abandon its status as a development stage enterprise by ceasing all
exploration  activities in 1994.  The company's exploration efforts developed no
commercial ore deposits, and all capitalized mining costs were written off.  The
Company  continues  to search for business opportunities in the mining industry,
and  will  also  investigate  opportunities  in other industries.  The Company's
meager  financial  resources severely limit its ability to carry out the type of
exploration  activity  that  it  performed  in  past  years,  and  the Company's
management considers it unlikely that the Company will obtain additional funding
with  which  to  undertake  such  exploration.

Note  3.     Commitments  and  Contingencies

The Company sold a seven acre parcel of land in the fiscal year ended August 31,
1996  that  contained  mine  waste rock and mill tailings.  The Company believes
there  is  a remote possibility that this property may require some cleanup, and
an  even more remote possibility that the Company may be required to participate
in the cost of such a cleanup, which the Company's management estimates would be
less  than  $10,000.





















Document  page  6  of  8
<PAGE>
SILVER  BUTTE  MINING  COMPANY
FORM  10-QSB  QUARTERLY  REPORT
November  30,  1999


Item 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF  OPERATION

The  Company  was  a  mining  company engaged in exploration activities from its
inception  in 1965 through 1994.  In 1994, the Company abandoned all exploration
activities, and  is  now seeking other business opportunities in mining or other
industries.  The Company continues  to  hold  and  maintain  the  properties  on
which  it performed its exploration  efforts.  The  Company's  fiscal  year ends
on  August  31.

OVERVIEW

The  Company's  management  determined in 1994 that the Company did not have the
financial  resources  to  continue to explore for a commercial ore deposit after
many  years of unsuccessful efforts.  The Company has performed some reclamation
work  on  its  mining  properties  since  1994, and is soliciting buyers for its
remaining  real  estate  and mining equipment.  The Company is seeking out other
business opportunities.  Management is unaware of any such opportunities at this
time  and  will  disclose  such  opportunities  when  and  if they should arise.

RESULTS  OF  OPERATIONS

REVENUES.  The Company's dividend and interest income decreased slightly for the
quarter  ended November 30, 1999, compared to the same period ended November 30,
1998.

The  Company  made  no waste rock sales and had no miscellaneous other income in
the  quarter  ended November 30, 1999, whereas these items accounted for $537 in
the  quarter  ended  November  30,  1998.  The  Company will continue to solicit
buyers  for  its  waste  rock.

EXPENSES.  Expenses  were  considerably  lower in the quarter ended November 30,
1999,  when  compared  to the quarter ended November 30, 1998.  No expenses were
incurred  in  the  most  recent period for wages and other compensation, and for
taxes  and  insurance.  And  an  insignificant amount of  miscellaneous expenses
were  incurred  in  the quarter ended November 30, 1999.  This was the result of
the  completion of most of the labor intensive reclamation work on the Company's
properties  in  prior  periods,  and a temporary suspension of activities by the
Company's  management.  The Company will perform limited reclamation work on its
properties  during  the remainder of the year, and the Company's management will
begin  actively  seeking out other business opportunities.  These activities are
expected  to  increase  expenses  significantly in the remaining quarters of the
year  compared  to  the  quarter  ended  November  30,  1999.

FINANCIAL  POSITION.  There were very little changes in the Company's assets and
liabilities  in the quarter ended November 30, 1999, compared to the fiscal year
ended  August  31,  1999.  This  was  the  result of the temporary suspension of
activities discussed above.  The Company's management expects to sell marketable
securities  during  the balance of the fiscal year to provide cash for operating
expenses.






Document  page  7  of  8
<PAGE>
SILVER  BUTTE  MINING  COMPANY
FORM  10-QSB  QUARTERLY  REPORT
November  30,  1999

CASH  FLOWS.  Cash and cash equivalents  were substantially unchanged during the
quarter  ended  November  30, 1999, compared to the fiscal year ended August 31,
1999.  The  dividend  income  for  the  quarter  was  reinvested  in  marketable
securities, and expenses were incurred by an increase in payables and a decrease
in prepaid expenses.  The Company's management plans to use cash provided by the
sale  of  marketable securities to fund operations during the remaining quarters
of the fiscal year.  The Company has no plans for capital expenditures that will
require  significant  amounts  of  cash.

There  was  a  modest  increase  in cash and cash equivalents during the quarter
ended  November  30,  1998,  as  a result of management's decision to maintain a
higher  bank  account  balance.


SIGNATURE


     In  accordance  with  the  requirements  of  the  Exchange  Act,  the
registrant  caused  this  report  to  be  signed  on  its  behalf  by  the
undersigned,  thereunto  duly  authorized.



SILVER  BUTTE  MINING  COMPANY



     Date: January 12,  2000          /s/  R.  Richard  Rice
                                      --------------------------------------
                                       R.  Richard  Rice,  President
                                      (Principal  Executive  Officer  and
                                       Principal  Accounting  Officer)