HOMESTAKE MINING CO /DE/
8-K, 1995-12-21
GOLD AND SILVER ORES
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                                  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): December 21, 1995


                            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


                                                            Page 1 of 3 Pages
<PAGE>


Item 5.  Other Events.

         On December 21, 1995,  Registrant  issued the press release appended as
Exhibit  99.5,  announcing it will extend until  Friday,  January 12, 1996,  its
offer to  acquire  the shares of its  subsidiary,  Homestake  Gold of  Australia
Limited, that Homestake does not own already.


Item 7.  Financial Statements and Exhibits.

         (c)      Exhibits.

Exhibit 99.5   Press Release dated  December 20, 1995,  announcing  that
               the  Registrant  will extend until Friday,  January 12, 1996, its
               offer to acquire the shares of its subsidiary,  Homestake Gold of
               Australia Limited, that Homestake does not own already. 



                                    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:   December 21, 1995


                                     HOMESTAKE MINING COMPANY
                                          (Registrant)



                                    By: /s/David W. Peat
                                        ----------------
                                        David. W. Peat
                                        Vice President and Controller






                                                            Page 2 of 3 Pages

                                                              Exhibit 99.5



NEWS RELEASE


Homestake Mining Company
650 California Street
San Francisco, CA 94108
Phone:  415/981-8150
Fax:    415/397-5038

Contact:

Gene G. Elam
Vice President, Finance and
Chief Financial Officer
415 981-8150


        Homestake Extends Offer Period for Acquiring
          Shares of Homestake Gold of Australia


San  Francisco,  CA,  December 20 1995 - Homestake  Mining  Company  (NYSE:  HM)
announced today that it will extend until Friday,  January 12, 1996 its offer to
acquire the shares of its subsidiary  Homestake Gold of Australia Limited (HGAL)
that Homestake does not own already.

The Australian Securities Commission has decided to make certain
modifications  to the  Australian  Corporation  Law  insofar  as it  relates  to
takeover offers. The effect of these  modifications is to negate share splitting
schemes  which  were  initiated  by a few  HGAL  shareholders  in an  effort  to
frustrate  Homestake's bid to acquire all of the publicly-owned  shares of HGAL.
Homestake is extending its offer until January to allow those  shareholders  who
may have been reluctant to accept  Homestake's offer because of the existence of
the share splitting schemes to now tender their shares.

As of the close of business in Australia on December 20, 1995, acceptances for a
total of 24,962,778  HGAL shares had been received.  Homestake now owns 85.7% of
the shares of HGAL outstanding.

Homestake  is one of the  largest  gold  producers  in the world  with 1995 gold
production  estimated to be  approximately  1.9 million ounces.  The Company has
major gold operations in the United States, Canada and Australia.


                                                            Page 3 of 3 Pages




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