UNITED STATES 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 (Date of earliest event reported): February 24, 1998 (February 23, 1998) HOMESTAKE MINING COMPANY (Exact name of Registrant as specified in its charter) Delaware 1-8736 94-2934609 (State or other (Commission (I.R.S. Employer jurisdiction of File Number) Identification Number) incorporation) 650 California Street, San Francisco, California 94108-2788 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (415) 981-8150 http://www.homestake.com Item 5. Other Events. Inmet Mining Corporation Litigation regarding Troilus Mine In the Company's 8-K Report dated December 16, 1997, the Company reported that Homestake Canada Inc. ("HCI," a wholly-owned subsidiary of the Company) and Prime Resources Group, Inc. ("Prime," 50.6% owned by HCI) had terminated their previously announced agreement to purchase the Troilus gold mine in Quebec from Inmet Mining Corporation ("Inmet") for approximately $110,000,000. The agreement was terminated on the basis that due diligence investigation had determined that the conditions of the offer would not be satisfied. In that report, the Company also disclosed that Inmet disputed the termination of the agreement. On February 23, 1998, Inmet commenced litigation against HCI and Prime in the Supreme Court of British Columbia with respect to the Troilus mine, disputing HCI's and Prime's termination of the agreement, and alleging that HCI and Prime had breached the agreement. Inmet seeks specific performance or, in the alternative, damages. (Inmet Mining Corp. v. Homestake Canada Inc. et al, B.C. Sup. Ct., No. C980922.) Management believes that HCI and Prime properly terminated the agreement with Inmet and that the action by Inmet is without merit. HCI and Prime intend to vigorously defend this action. SIGNATURE 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 thereunto duly authorized. Dated: February 24, 1998 HOMESTAKE MINING COMPANY (Registrant) By: /s/ David W. Peat ----------------- David W. Peat Vice President and Controller