SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   Form 10-QSB

Quarterly report under Section 13 of 15(d) of the Securities Exchange Commission
                                   Act of 1934

                For the quarterly period ended November 30, 2000

                       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,  2000,  was  7,828,748.


DOCUMENTS  INCORPORATED  BY  REFERENCE:  NONE

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








<PAGE>
                           Silver Butte Mining Company
                           Form 10QSB Quarterly Report
                                November 30, 2000



INDEX
                                                                          Page
                                                                         Number
Part  I-  FINANCIAL  INFORMATION

Item  1.  Condensed  Financial  Statements

     Balance Sheets, November 30, 2000, and August 31, 2000                  3

     Income statements for the three months ended
     November 30, 2000, and 1999                                             4

     Cash Flow Statements for the three months ended
     November 30, 2000, and 1999                                             5

     Notes  to  Condensed  Financial  Statements                             6

Item  2.  Management's Discussion and Analysis of Financial condition and
      Results  of  Operations                                              6-7

Signature  Page                                                              7

































                                     Page 2

<PAGE>
                           Silver Butte Mining Company
                            Condensed Balance Sheets
                      November 30, 2000, and August 31, 2000

                                              November 30,      August 31,
                                                 2000              2000
                                             --------------   --------------

ASSETS

CURRENT  ASSETS
Cash and cash equivalents                    $         255    $         652
Certificate of deposit for State lease               5,022            5,000
Marketable securities                               65,199           64,177
Accounts receivable                                    817              839
                                             --------------   --------------

TOTAL  CURRENT  ASSETS                              71,293           70,668

PROPERTY,  PLANT  &  EQUIPMENT
Properties                                           3,000            3,000
Equipment and machinery                             19,704           19,704
Accumulated depreciation                           (19,704)         (19,704)
                                             --------------   --------------
TOTAL FIXED ASSETS                                   3,000            3,000
                                             --------------   --------------

TOTAL  ASSETS                                $      74,294    $      73,668
                                             ==============   ==============

LIABILITIES AND SHAREHOLDER'S EQUITY

CURRENT  LIABILITIES
Accounts payable                             $       1,400    $       1,400
                                             --------------   --------------
TOTAL  CURRENT  LIABILTITES                          1,400            1,400

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                               (711,497)        (712,122)
                                             --------------   --------------
TOTAL  SHAREHOLDER'S  EQUITY                        72,893           72,268
                                             --------------   --------------

TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY   $      74,293    $      73,668
                                             ==============   ==============










    The accompanying notes are an integral part of these financial statements
                                     Page 3

<PAGE>
                           Silver Butte Mining Company
                           Condensed Income Statements
              For the Three Months Ended November 30, 2000 and 1999


                                                     Three Months Ended
                                           November 30, 2000   November 30, 1999
                                           -----------------   -----------------
REVENUES
Dividend income                            $          1,022    $            822
Interest income                                          80                  68
                                           -----------------   -----------------

Total  Revenues                                       1,102                 890
                                           -----------------   -----------------

EXPENSES
Wages and other compensation                            -                   -
Professional services                                    51                 120
Taxes and insurance                                     104                 -
State lease                                             175                 175
Office expense                                           21                  48
Miscellaneous                                           125                   4
                                           -----------------   -----------------


Total Expenses                                          476                 347
                                           -----------------   -----------------

INCOME  (LOSS)  BEFORE  INCOME  TAXES                   626                 543

INCOME  TAXES                                           -                   -
                                           -----------------   -----------------

NET  INCOME  (LOSS)                        $            626    $            543
                                           =================   =================

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

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















   The accompanying notes are an integral part of these financial statements.
                                     Page 4

<PAGE>
                           Silver Butte Mining Company
                       Condensed Statements of Cash Flows
              For the Three Months Ended November 30, 2000 and 1999


                                                   Three Months Ended
                                               November 30,    November 30,
                                                   2000            1999
                                               -------------  -------------

CASH  FLOWS  FROM  OPERATING  ACTIVITIES

Net  income  (loss)                            $        626   $        543
Adjustments to reconcile net income (loss)
  to net cash provided by (used in)
  operating  activities:
    Increase in payables                                  0            151
    Decrease in prepaid expenses                          0            175
    Increase in receivables                               0              0
                                               -------------  -------------

Net cash provided by operating activities               626            869
                                               -------------  -------------

CASH  FLOWS  FROM  INVESTING  ACTIVITIES

Decrease (increase) in marketable securities         (1,022)          (822)
                                               -------------  -------------
Net cash provided by (used in)
  Investment activities                              (1,022)          (822)
                                               -------------  -------------

NET INCREASE IN CASH AND CASH EQUIVALENTS              (396)            47

Cash and Cash Equivalents at
   Beginning of Period                                5,647          1,893
                                               -------------  -------------


Interest expense paid                          $        -     $        -
                                               =============  =============
Income taxes paid                              $        -     $        -
                                               =============  =============
















   The accompanying notes are an integral part of these financial statements.
                                     Page 5

<PAGE>
                           Silver Butte Mining Company
                     Notes to Condensed Financial Statement
                                November 30, 2000

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, 2000, and
the  results  of  operations  for  the three months ended November 30, 2000, and
1999,  and  cash  flows  for  the three months ended November 30, 2000 and 1999.
Interim  results  are  not  necessarily  indicative  of results for a full year.

The  condensed financial statements and notes are presented as permitted by Form
10QSB,  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 estimates would be
less  than  $10,000.

Item 2. MANAGEMENT'S DISCUSSIONAND ANALYSIS OF FINANCIALCONDITION 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.

OVERVIEWS

     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
there  business  opportunities.  Management is unaware of any such opportunities
at this time and will disclose such opportunities when and if they should arise.

                                     Page 6
<PAGE>
                           Silver Butte Mining Company
                     Notes to Condensed Financial Statement
                                November 30, 2000

RESULTS  OF  OPERATION

REVENUES.     The  Company's dividend and interest income increased slightly for
the  quarter ended November 30, 2000, compared to the same period ended November
30,  1999.

The  Company  made  no waste rock sales and had no miscellaneous other income in
the  quarter  ended  November  30, 2000, in the quarter ended November 30, 1999.
The  Company  will  continue  to  solicit  buyers  for  its  waste  rock.

EXPENSES.      Expenses  were comparable in the quarter ended November 30, 2000,
when  compared to the quarter ended November 30, 1999.  The Company's management
intends  to  begin  actively  seeking  out  other  business  opportunities.

FINANCIAL  POSITION.     There  were very little changes in the Company's assets
and  liabilities  in the quarter ended November 30, 2000, compared to the fiscal
year  ended  August  31,  1999.

CASH  FLOWS.     Cash  and  cash equivalents were substantially unchanged during
the  quarter  ended  November 30, 2000, compared to the fiscal year ended August
31,  1999.  The  dividend  income  for  the quarter was reinvested in marketable
securities.  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.

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:  December  28,  2000.               /S/  Robert  J.  Evans
                                          ----------------------
                                          Robert  J.  Evans
                                         (Principal  Financial  Officer)















                                     Page 7