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:  March 17, 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
  
  Friday, March 12, the registrant was notified by Euro-Nevada Mining
  Corporation, Inc. ("EN") and certain shareholders that EN had accepted offers
  from shareholders owning approximately 54% of the issued and outstanding
  shares of the registrant's Common Stock.  The closing of this transaction is
  subject to certain conditions and would result in a change of control of the
  registrant.
  
  
  EXHIBITS:
       A.  Golden Cycle Gold Corporation news release dated March 12, 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
  
  
  
                                         /s/ Birl W. Worley Jr.
                                         Birl W. Worley Jr.
                                         President & CEO
  
  
                                         /s/ R. Herbert Hampton
                                         R. Herbert Hampton
                                         VP Finance
  
  
  Date:  March 17, 1999
  
  
  
  
  
  
  
  
  
  
  Page 2 of  3
  
  FOR IMMEDIATE RELEASE:  Friday, March 12, 1999
  
  CONTACT: R. Herbert Hampton
           Vice President, Finance
           Golden Cycle Gold Corporation
           (719) 471-9013
  
  
  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 it had accepted offers from shareholders owning
  approximately 54% of the issued and outstanding shares of Golden Cycle, on a
  fully diluted basis, to sell their shares to Euro-Nevada or its nominee for
  a cash purchase price of US$13.50 per share.  No officers or directors of
  Golden Cycle are included among the selling shareholders.  The closing of
  the transaction is subject to certain conditions, including Euro-Nevada
  performing due diligence satisfactory to it relating to Golden Cycle and
  compliance with applicable regulatory requirements.  It is expected that
  the closing of the private sales will occur by the end of July 1999.
  Euro-Nevada has also advised Golden Cycle it will, upon completion of the
  stock purchase, promptly enter into negotiations with Golden Cycle to
  execute a merger agreement to acquire the balance of the Golden Cycle shares
  for a cash price of US$13.50 per share.  Upon entering into negotiations with
  Euro-Nevada to effectuate a merger, the Board of Directors of Golden Cycle
  intends to take all appropriate actions to evaluate the offer and advise the
  shareholders accordingly.
  
  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.
metadata_documents: [{"type": "8-K", "sequence": "1", "secsgml_size_bytes": 4652}]
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": "99569397"}, "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:  March 17, 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
  
  Friday, March 12, the registrant was notified by Euro-Nevada Mining
  Corporation, Inc. ("EN") and certain shareholders that EN had accepted offers
  from shareholders owning approximately 54% of the issued and outstanding
  shares of the registrant's Common Stock.  The closing of this transaction is
  subject to certain conditions and would result in a change of control of the
  registrant.
  
  EXHIBITS:
       A.  Golden Cycle Gold Corporation news release dated March 12, 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
  
                                         /s/ Birl W. Worley Jr.
                                         Birl W. Worley Jr.
                                         President & CEO
  
                                         /s/ R. Herbert Hampton
                                         R. Herbert Hampton
                                         VP Finance
  
  Date:  March 17, 1999
  
  Page 2 of  3
  
  FOR IMMEDIATE RELEASE:  Friday, March 12, 1999
  
  CONTACT: R. Herbert Hampton
           Vice President, Finance
           Golden Cycle Gold Corporation
           (719) 471-9013
  
  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 it had accepted offers from shareholders owning
  approximately 54% of the issued and outstanding shares of Golden Cycle, on a
  fully diluted basis, to sell their shares to Euro-Nevada or its nominee for
  a cash purchase price of US$13.50 per share.  No officers or directors of
  Golden Cycle are included among the selling shareholders.  The closing of
  the transaction is subject to certain conditions, including Euro-Nevada
  performing due diligence satisfactory to it relating to Golden Cycle and
  compliance with applicable regulatory requirements.  It is expected that
  the closing of the private sales will occur by the end of July 1999.
  Euro-Nevada has also advised Golden Cycle it will, upon completion of the
  stock purchase, promptly enter into negotiations with Golden Cycle to
  execute a merger agreement to acquire the balance of the Golden Cycle shares
  for a cash price of US$13.50 per share.  Upon entering into negotiations with
  Euro-Nevada to effectuate a merger, the Board of Directors of Golden Cycle
  intends to take all appropriate actions to evaluate the offer and advise the
  shareholders accordingly.
  
  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.