<ARTICLE>  5
<LEGEND>
Golden Cycle Gold Corporation
and Subsidiary
Consolidated Financial Statements
</LEGEND>
       
                                                         
<PERIOD-START>                                 JAN-01-1996
<PERIOD-TYPE>                                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1996            
<PERIOD-END>                                     DEC-31-1996
<CASH>                                                      36,268
<SECURITIES>                                      2,305,866
<RECEIVABLES>                                         9,876
<ALLOWANCES>                                               0
<INVENTORY>                                                   0
<CURRENT-ASSETS>                          2,352,010
<PP&E>                                                     792,185
<DEPRECIATION>                                   401,124
<TOTAL-ASSETS>                                2,743,071
<CURRENT-LIABILITIES>                        18,710
<BONDS>                                                             0
<COMMON>                                          2,724,361
<PREFERRED-MANDATORY>                         0
<PREFERRED>                                                   0
<OTHER-SE>                                                       0
<TOTAL-LIABILITY-AND-EQUITY>  2,743,071
<SALES>                                                              0
<TOTAL-REVENUES>                             596,044
<CGS>                                                                 0
<TOTAL-COSTS>                                     451,608
<OTHER-EXPENSES>                                        0
<LOSS-PROVISION>                                           0
<INTEREST-EXPENSE>                                     0
<INCOME-PRETAX>                               144,436
<INCOME-TAX>                                                0
<INCOME-CONTINUING>                      144,436
<DISCONTINUED>                                            0
<EXTRAORDINARY>                                       0
<CHANGES>                                                      0
<NET-INCOME>                                      144,436
<EPS-PRIMARY>                                          .09
<EPS-DILUTED>                                           .08