<ARTICLE>  5
<LEGEND>
Golden Cycle Gold Corporation
and Subsidiary
Consolidated Financial Statements
</LEGEND>
       
                                   
<PERIOD-START>                        JAN-01-1998
<PERIOD-TYPE>                         YEAR
<FISCAL-YEAR-END>                     DEC-31-1998            
<PERIOD-END>                          DEC-31-1998
<CASH>                                     13,734
<SECURITIES>                            1,608,871
<RECEIVABLES>                             261,073
<ALLOWANCES>                                    0
<INVENTORY>                                     0
<CURRENT-ASSETS>                        1,659,754
<PP&E>                                    568,090
<DEPRECIATION>                           411,025
<TOTAL-ASSETS>                          2,041,768
<CURRENT-LIABILITIES>                      16,026
<BONDS>                                         0
<COMMON>                                2,025,742
<PREFERRED-MANDATORY>                           0
<PREFERRED>                                     0
<OTHER-SE>                                      0
<TOTAL-LIABILITY-AND-EQUITY>            2,041,768
<SALES>                                         0
<TOTAL-REVENUES>                          363,120
<CGS>                                           0
<TOTAL-COSTS>                             772,519
<OTHER-EXPENSES>                                0
<LOSS-PROVISION>                                0
<INTEREST-EXPENSE>                              0
<INCOME-PRETAX>                          (409,399)
<INCOME-TAX>                                    0
<INCOME-CONTINUING>                      (409,399)
<DISCONTINUED>                                  0
<EXTRAORDINARY>                                 0
<CHANGES>                                       0
<NET-INCOME>                             (409,399)
<EPS-PRIMARY>                                (.22)
<EPS-DILUTED>                                (.22)