<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED CONDENSED FINANCIAL STATEMENTS OF PIEDMONT MINING COMPANY, INC. FOR
THE QUARTERLY PERIOD ENDED MARCH 31, 1995 INCLUDED IN THE COMPANY'S FORM 10-QSB
FOR THE QUARTER ENDED MARCH 31, 1995 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FORM 10-QSB.
</LEGEND>
<MULTIPLIER> 1
<CURRENCY> US DOLLARS
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-01-1995
<PERIOD-END>                               MAR-31-1995
<EXCHANGE-RATE>                                      1
<CASH>                                          90,000
<SECURITIES>                                 2,866,000
<RECEIVABLES>                                   28,000
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                             2,988,000
<PP&E>                                         271,000
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                               5,017,000
<CURRENT-LIABILITIES>                          116,000
<BONDS>                                              0
<COMMON>                                    11,157,000
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                           0
<TOTAL-LIABILITY-AND-EQUITY>                 5,017,000
<SALES>                                              0
<TOTAL-REVENUES>                                     0
<CGS>                                            2,000
<TOTAL-COSTS>                                    2,000
<OTHER-EXPENSES>                               341,000
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                              23,000
<INCOME-PRETAX>                               (366,000)
<INCOME-TAX>                                  (120,000)
<INCOME-CONTINUING>                           (246,000)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                  (246,000)
<EPS-PRIMARY>                                     (.02)
<EPS-DILUTED>                                     (.02)