<ARTICLE>  5
<LEGEND>
Golden Cycle Gold Corporation
and Subsidiary
Consolidated Financial Statements
</LEGEND>

                                   
<PERIOD-START>                        JAN-01-1999
<PERIOD-TYPE>                         YEAR
<FISCAL-YEAR-END>                     DEC-31-1999
<PERIOD-END>                          DEC-31-1999
<CASH>                                    152,581
<SECURITIES>                            1,164,805
<RECEIVABLES>                              38,489
<ALLOWANCES>                                    0
<INVENTORY>                                     0
<CURRENT-ASSETS>                        1,355,875
<PP&E>                                    746,362
<DEPRECIATION>                            403,358
<TOTAL-ASSETS>                          1,698,879
<CURRENT-LIABILITIES>                      14,078
<BONDS>                                         0
<COMMON>                                1,684,801
<PREFERRED-MANDATORY>                           0
<PREFERRED>                                     0
<OTHER-SE>                                      0
<TOTAL-LIABILITY-AND-EQUITY>            1,698,879
<SALES>                                         0
<TOTAL-REVENUES>                          330,447
<CGS>                                           0
<TOTAL-COSTS>                             700,522
<OTHER-EXPENSES>                                0
<LOSS-PROVISION>                                0
<INTEREST-EXPENSE>                              0
<INCOME-PRETAX>                          (370,075)
<INCOME-TAX>                                    0
<INCOME-CONTINUING>                      (370,075)
<DISCONTINUED>                                  0
<EXTRAORDINARY>                                 0
<CHANGES>                                       0
<NET-INCOME>                             (370,075)
<EPS-BASIC>                                (.20)
<EPS-DILUTED>                                (.20)