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:  May 7, 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 6.     RESIGNATION OF REGISTRANTS DIRECTORS
  
       Messrs. Keane, Ploesser, and Worley have decided not to stand for
  re-election in the forthcoming June meeting of Shareholders.  Messrs.
  Ploesser and Worley stated that they wish to retire and Mr. Keane stated that
  he wished to pursue other opportunities.
  
  
  EXHIBITS:
       A.  Golden Cycle Gold Corporation news release dated May 6, 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:  May 7, 1999
  
  
  Page 2 of  3
  <PAGE>
  FOR IMMEDIATE RELEASE:  Thursday, May 6, 1999
  
  CONTACT: R. Herbert Hampton
           President & CEO
           Golden Cycle Gold Corporation
           (719) 471-9013
  
  GOLDEN CYCLE GOLD ANNOUNCES CHANGES IN THE COMPANY'S BOARD OF DIRECTORS AND
  MANAGEMENT
  
  Colorado Springs, CO - Golden Cycle Gold Corporation (PCX: GCC) announced
  today that Alan P. Ploesser retired as Chairman of the Board on April 29,
  1999.  Orville E. Anderson was elected Chairman of the Board to replace Mr.
  Ploesser.  Mr. Anderson is a Mining Engineering graduate of the University of
  Toronto, and has been continuously involved in mining since 1947.  Mr.
  Anderson's experience is broadly based, having served in varied positions of
  increasing responsibility in the production, engineering, exploration and
  management fields within mining.
  
  The company also announced today that Birl W. Worley, Jr. retired as
  President and Chief Executive Officer on April 29, 1999.  R. Herbert Hampton
  has been appointed to fill a vacancy as a director and was also appointed
  President and Chief Executive Officer to replace Mr. Worley.  Mr. Hampton has
  been serving as Vice President, Finance, Secretary, and Treasurer of the
  company, and has been an employee of the company continuously since 1992.
  Prior to joining the company Mr. Hampton served as a Lieutenant Colonel, U.S.
  Army, for more than five years.
  
  Both Mr. Ploesser and Mr. Worley will remain as directors of the company
  until the Annual Meeting of Shareholders to give continuity and support to
  the chairman and officers of the company.  The company appreciates the many
  contributions of Mr. Ploesser and Mr. Worley and wishes them well in any
  future endeavors.
  
  In addition, the Board of Directors set the Annual Meeting of Shareholders
  and Board of Directors for June 17, 1999, at the Sheraton Hotel, Colorado
  Springs, Colorado at 9:00 a.m. (MDT).
  
  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.  
  
  
  Page 3 of 3
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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": "99616029"}, "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:  May 7, 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 6.     RESIGNATION OF REGISTRANTS DIRECTORS
  
       Messrs. Keane, Ploesser, and Worley have decided not to stand for
  re-election in the forthcoming June meeting of Shareholders.  Messrs.
  Ploesser and Worley stated that they wish to retire and Mr. Keane stated that
  he wished to pursue other opportunities.
  
  EXHIBITS:
       A.  Golden Cycle Gold Corporation news release dated May 6, 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:  May 7, 1999
  
  Page 2 of  3
  FOR IMMEDIATE RELEASE:  Thursday, May 6, 1999
  
  CONTACT: R. Herbert Hampton
           President & CEO
           Golden Cycle Gold Corporation
           (719) 471-9013
  
  GOLDEN CYCLE GOLD ANNOUNCES CHANGES IN THE COMPANY'S BOARD OF DIRECTORS AND
  MANAGEMENT
  
  Colorado Springs, CO - Golden Cycle Gold Corporation (PCX: GCC) announced
  today that Alan P. Ploesser retired as Chairman of the Board on April 29,
  1999.  Orville E. Anderson was elected Chairman of the Board to replace Mr.
  Ploesser.  Mr. Anderson is a Mining Engineering graduate of the University of
  Toronto, and has been continuously involved in mining since 1947.  Mr.
  Anderson's experience is broadly based, having served in varied positions of
  increasing responsibility in the production, engineering, exploration and
  management fields within mining.
  
  The company also announced today that Birl W. Worley, Jr. retired as
  President and Chief Executive Officer on April 29, 1999.  R. Herbert Hampton
  has been appointed to fill a vacancy as a director and was also appointed
  President and Chief Executive Officer to replace Mr. Worley.  Mr. Hampton has
  been serving as Vice President, Finance, Secretary, and Treasurer of the
  company, and has been an employee of the company continuously since 1992.
  Prior to joining the company Mr. Hampton served as a Lieutenant Colonel, U.S.
  Army, for more than five years.
  
  Both Mr. Ploesser and Mr. Worley will remain as directors of the company
  until the Annual Meeting of Shareholders to give continuity and support to
  the chairman and officers of the company.  The company appreciates the many
  contributions of Mr. Ploesser and Mr. Worley and wishes them well in any
  future endeavors.
  
  In addition, the Board of Directors set the Annual Meeting of Shareholders
  and Board of Directors for June 17, 1999, at the Sheraton Hotel, Colorado
  Springs, Colorado at 9:00 a.m. (MDT).
  
  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.  
  
  Page 3 of 3