content: SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C.  20549
  
  
                              ____________________
  
  
  
                                   FORM 8-K
  
                                CURRENT REPORT
                     Pursuant to Section 13 or 15(d) of the
                         SECURITIES EXCHANGE ACT OF 1934
  
  
                             ____________________
  
  
  Date of Report:  April 30, 1999
  
  GOLDEN CYCLE GOLD CORPORATION
  (Exact name of registrant as specified in its charter)
  
        COLORADO                       0-11226                84-0630963
  (State or other jurisdiction of    (Commission           (I.R.S. Employer
  incorporation or organization)     File Number)          Identification No.)
  
  2340 Robinson Street, Suite 201, Colorado Springs, Colorado     80904
  (Address of principal executive offices)                      (Zip Code)
  
  Registrant's telephone number, including area code:   (719) 471-9013
  
  
                             NO CHANGES
  (Former name, former address and former fiscal year, if changed since last
  report)
  
  
  Total number of sequentially numbered pages in this filing, including
  exhibits thereto:  3 .
  
  Page 1 of  3
  <PAGE>
  ITEM 1.     CHANGE IN CONTROL OF THE REGISTRANT
  
  Thursday, April 22, 1999, the registrant was advised by Euro-Nevada Mining
  Corporation, Inc. ("Euro-Nevada") that Euro-Nevada has given notice under its
  March 12, 1999 letter agreement with certain shareholders of Golden Cycle
  that Euro-Nevada has elected to terminate its agreement to purchase from them
  approximately 54% of the issued and outstanding common stock of Golden Cycle
  on a fully diluted basis.
  
  Golden Cycle previously reported that the closing of this transaction would
  result in a change of control of the registrant.
  
  
  EXHIBITS:
       A.  Golden Cycle Gold Corporation news release dated April 22, 1999.
  
  
  
  
  
  SIGNATURES
  
  
       Pursuant to the requirements of the Securities Exchange Act of 1934,
  the registrant has duly caused this report to be signed on its behalf by the
  undersigned hereunto duly authorized.
  
  
  GOLDEN CYCLE GOLD CORPORATION
  
  
  
  
                                         R. Herbert Hampton
                                         President & CEO
  
  
  
  Date:  April 30, 1999
  
  
  Page 2 of  3
  <PAGE>
  FOR IMMEDIATE RELEASE:  Wednesday, April 21, 1999
  
  CONTACT: R. Herbert Hampton
           Vice President, Finance
           Golden Cycle Gold Corporation
           (719) 471-9013
  
  EURO-NEVADA NOTIFIES GOLDEN CYCLE GOLD CORPORATION OF ITS TERMINATION OF
  AGREEMENT TO PURCHASE GOLDEN CYCLE SHARES.
  
  
  Colorado Springs, CO - Golden Cycle Gold Corporation (PCX: GCC) announced
  today that it had been advised by Euro-Nevada Mining Corporation, Inc.
  ("Euro-Nevada") that Euro-Nevada has given notice under its March 12, 1999
  letter agreement with certain shareholders of Golden Cycle that Euro-Nevada
  has elected to terminate its agreement to purchase from them approximately
  54% of the issued and outstanding common stock of Golden Cycle on a fully
  diluted basis.
  
  Golden Cycle continues to pursue its operating strategies to search for
  special situations to enhance the use of its assets, such as the possible
  project in the Democratic People's Republic of Korea.
  
  Golden Cycle Gold Corporation is a Colorado corporation organized to
  discover, develop and mine precious metal properties.  The primary business
  of the company consists of its participation in the Cripple Creek & Victor
  Gold Mining Company, a joint venture with Pikes Peak Mining Company.  The
  Joint Venture engages in gold mining activity in the Cripple Creek area of
  Colorado.  
  
  This release contains forward-looking statements which are made pursuant to
  the safe harbor provisions of the Private Securities Litigation Reform Act of
  1995.  Such forward-looking statements are not a guarantee of future
  performance or achievements and involve known and unknown risks,
  uncertainties and other factors, which may cause the actual results,
  performance or achievements to differ materially from those expressed or
  implied in such forward-looking statements.
  
  Page 3 of 3
metadata_documents: [{"type": "8-K", "sequence": "1", "secsgml_size_bytes": 4082}]
metadata_filer: {"company-data": {"conformed-name": "GOLDEN CYCLE GOLD CORP", "cik": "0000719754", "assigned-sic": "1040", "irs-number": "840630963", "state-of-incorporation": "CO", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-09385", "film-number": "99611399"}, "business-address": {"street1": "2340 ROBINSON ST SUITE 201", "city": "COLORADO SPRINGS", "state": "CO", "zip": "80904", "phone": "7194719013"}, "mail-address": {"street1": "2340 ROBINSON STREET SUITE 201", "city": "COLORADO SPRINGS", "state": "CO", "zip": "80904"}}
text: SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C.  20549
  
                              ____________________
  
                                   FORM 8-K
  
                                CURRENT REPORT
                     Pursuant to Section 13 or 15(d) of the
                         SECURITIES EXCHANGE ACT OF 1934
  
                             ____________________
  
  Date of Report:  April 30, 1999
  
  GOLDEN CYCLE GOLD CORPORATION
  (Exact name of registrant as specified in its charter)
  
        COLORADO                       0-11226                84-0630963
  (State or other jurisdiction of    (Commission           (I.R.S. Employer
  incorporation or organization)     File Number)          Identification No.)
  
  2340 Robinson Street, Suite 201, Colorado Springs, Colorado     80904
  (Address of principal executive offices)                      (Zip Code)
  
  Registrant's telephone number, including area code:   (719) 471-9013
  
                             NO CHANGES
  (Former name, former address and former fiscal year, if changed since last
  report)
  
  Total number of sequentially numbered pages in this filing, including
  exhibits thereto:  3 .
  
  Page 1 of  3
  ITEM 1.     CHANGE IN CONTROL OF THE REGISTRANT
  
  Thursday, April 22, 1999, the registrant was advised by Euro-Nevada Mining
  Corporation, Inc. ("Euro-Nevada") that Euro-Nevada has given notice under its
  March 12, 1999 letter agreement with certain shareholders of Golden Cycle
  that Euro-Nevada has elected to terminate its agreement to purchase from them
  approximately 54% of the issued and outstanding common stock of Golden Cycle
  on a fully diluted basis.
  
  Golden Cycle previously reported that the closing of this transaction would
  result in a change of control of the registrant.
  
  EXHIBITS:
       A.  Golden Cycle Gold Corporation news release dated April 22, 1999.
  
  SIGNATURES
  
       Pursuant to the requirements of the Securities Exchange Act of 1934,
  the registrant has duly caused this report to be signed on its behalf by the
  undersigned hereunto duly authorized.
  
  GOLDEN CYCLE GOLD CORPORATION
  
                                         R. Herbert Hampton
                                         President & CEO
  
  Date:  April 30, 1999
  
  Page 2 of  3
  FOR IMMEDIATE RELEASE:  Wednesday, April 21, 1999
  
  CONTACT: R. Herbert Hampton
           Vice President, Finance
           Golden Cycle Gold Corporation
           (719) 471-9013
  
  EURO-NEVADA NOTIFIES GOLDEN CYCLE GOLD CORPORATION OF ITS TERMINATION OF
  AGREEMENT TO PURCHASE GOLDEN CYCLE SHARES.
  
  Colorado Springs, CO - Golden Cycle Gold Corporation (PCX: GCC) announced
  today that it had been advised by Euro-Nevada Mining Corporation, Inc.
  ("Euro-Nevada") that Euro-Nevada has given notice under its March 12, 1999
  letter agreement with certain shareholders of Golden Cycle that Euro-Nevada
  has elected to terminate its agreement to purchase from them approximately
  54% of the issued and outstanding common stock of Golden Cycle on a fully
  diluted basis.
  
  Golden Cycle continues to pursue its operating strategies to search for
  special situations to enhance the use of its assets, such as the possible
  project in the Democratic People's Republic of Korea.
  
  Golden Cycle Gold Corporation is a Colorado corporation organized to
  discover, develop and mine precious metal properties.  The primary business
  of the company consists of its participation in the Cripple Creek & Victor
  Gold Mining Company, a joint venture with Pikes Peak Mining Company.  The
  Joint Venture engages in gold mining activity in the Cripple Creek area of
  Colorado.  
  
  This release contains forward-looking statements which are made pursuant to
  the safe harbor provisions of the Private Securities Litigation Reform Act of
  1995.  Such forward-looking statements are not a guarantee of future
  performance or achievements and involve known and unknown risks,
  uncertainties and other factors, which may cause the actual results,
  performance or achievements to differ materially from those expressed or
  implied in such forward-looking statements.
  
  Page 3 of 3