____________________________________________________________
______________________
U.S. Securities and Exchange Commission
Washington, D.C. 20549
_____________________________
Form 10-QSB
(Mark One)
[X] QUARTERLY REPORT UNDER SECTION 13 OR
15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended March 31, 1995.
[ ] TRANSITION REPORT UNDER SECTION 13 OR
15(D) OF THE EXCHANGE ACT
For the transition period from _______________ to
________________.
Commission file number 0-10634
_____________________________
Mining Services International Corporation
(Exact Name of Small Business issuer as specified in its charter)
Utah 87-0351702
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
5284 South Commerce Drive, Suite C-244
Salt Lake City, Utah 84107-7930
(Address of principal executive offices)
Issuers telephone number: (801) 261-5666
_________________________
Check whether the issuer (1) filed all reports required to be filed by
Section 13 or 15(d) of the Exchange Act during the past 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
State the number of shares outstanding of each of the issuer's classes
of common equity, as of the latest practicable date: April 27, 1995 -
5,195,728
Transitional Small Business Disclosure Format (check one): Yes
No X
SIGNATURES
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.
MINING SERVICES INTERNATIONAL CORPORATION
(Registrant)
May 5, 1995 /s/ Lex L. Udy
(Date) Lex L. Udy
Vice Chairman and Secretary
/s/ Duane W. Moss
Duane W. Moss
Chief Financial Officer
<TABLE> <S> <C>
<ARTICLE> 5
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> MAR-31-1995
<CASH> 413000
<SECURITIES> 0
<RECEIVABLES> 2603000
<ALLOWANCES> 28000
<INVENTORY> 556000
<CURRENT-ASSETS> 3692000
<PP&E> 8076521
<DEPRECIATION> 5770246
<TOTAL-ASSETS> 12746000
<CURRENT-LIABILITIES> 2292000
<BONDS> 463000
<COMMON> 6000
0
0
<OTHER-SE> 8884000
<TOTAL-LIABILITY-AND-EQUITY> 12746000
<SALES> 4983000
<TOTAL-REVENUES> 5665000
<CGS> 4442000
<TOTAL-COSTS> 5009000
<OTHER-EXPENSES> 34000
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 24000
<INCOME-PRETAX> 622000
<INCOME-TAX> 180000
<INCOME-CONTINUING> 442000
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 442000
<EPS-PRIMARY> .09
<EPS-DILUTED> .08
</TABLE>
