<ARTICLE>  5
<LEGEND>
Golden Cycle Gold Corporation
and Subsidiary
Consolidated Financial Statements
</LEGEND>
       
                                   
<PERIOD-START>                        JAN-01-1997
<PERIOD-TYPE>                         YEAR
<FISCAL-YEAR-END>                     DEC-31-1997            
<PERIOD-END>                          DEC-31-1997
<CASH>                                     11,095
<SECURITIES>                            1,937,736
<RECEIVABLES>                              20,686
<ALLOWANCES>                                    0
<INVENTORY>                                     0
<CURRENT-ASSETS>                        1,969,517
<PP&E>                                    622,553
<DEPRECIATION>                            403,917
<TOTAL-ASSETS>                          2,427,116
<CURRENT-LIABILITIES>                      27,352
<BONDS>                                         0
<COMMON>                                2,399,764
<PREFERRED-MANDATORY>                           0
<PREFERRED>                                     0
<OTHER-SE>                                      0
<TOTAL-LIABILITY-AND-EQUITY>            2,427,116
<SALES>                                         0
<TOTAL-REVENUES>                          374,234
<CGS>                                           0
<TOTAL-COSTS>                             667,556
<OTHER-EXPENSES>                                0
<LOSS-PROVISION>                                0
<INTEREST-EXPENSE>                              0
<INCOME-PRETAX>                          (293,322)
<INCOME-TAX>                                    0
<INCOME-CONTINUING>                      (293,322)
<DISCONTINUED>                                  0
<EXTRAORDINARY>                                 0
<CHANGES>                                       0
<NET-INCOME>                             (293,322)
<EPS-PRIMARY>                                (.16)
<EPS-DILUTED>                                (.16)