HOMESTAKE MINING CO /DE/
8-K, 1996-02-06
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): January 31, 1996


                            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 January 31, 1996 the Registrant  issued the press release appended as Exhibit
99.8,  announcing  that the  Registrant's  offer to  acquire  the  shares of its
subsidiary, Homestake Gold of Australia Limited ("HGAL"), that Homestake did not
own  already  will close on February  9, 1996 and that the  Registrant  now owns
98.3% of the  shares of HGAL.  Homestake  intends  to  proceed  to  compulsorily
acquire the remaining  shares in HGAL to which it is not  presently  entitled as
soon as possible.


Item 7.  Financial Statements and Exhibits.

         (c)      Exhibits.

Exhibit 99.8        On   January 31, 1996  the  Registrant  issued  the   press
                    release  appended  as  Exhibit 99.8,  announcing  that  the
                    Registrant's  offer to acquire the shares of its subsidiary,
                    Homestake Gold of Australia Limited ("HGAL"), that Homestake
                    did not own already  will close on February 9, 1996 and that
                    the  Registrant  now  owns  98.3%  of the  shares  of  HGAL.
                    Homestake  intends to proceed to  compulsorily  acquire  the
                    remaining  shares  in  HGAL  to  which  it is not  presently
                    entitled as soon as possible.

                                    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:   January 31, 1996

                                      HOMESTAKE MINING COMPANY
                                            (Registrant)


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





                                                         Page 2 of 3 Pages



                                                            Exhibit 99.8



                  HOMESTAKE MINING COMPANY OFFER FOR THE ISSUED
                 CAPITAL OF HOMESTAKE GOLD OF AUSTRALIA LIMITED
                          WILL CLOSE ON 9 FEBRUARY 1996

                    HOMESTAKE REACHES COMPULSORY ACQUISITION
                                   THRESHOLDS

Homestake Mining Company  ("Homestake")  announced today that it is now entitled
to 98.3% of the issued capital of Homestake Gold of Australia  Limited  ("HGAL")
and that more than 75% of the HGAL shareholders who were registered  immediately
before  the day on which the Part A was  served on HGAL  have now  accepted  the
offer or ceased to be  shareholders.  Pursuant to the offer 87% of HGAL's shares
were  tendered for  Homestake  shares whilst the remaining 13% accepted the cash
offer. THE OFFER WILL CLOSE AT 5.00PM,  SYDNEY TIME, ON 9 FEBRUARY 1996 AND WILL
NOT BE EXTENDED.

Homestake  intends to proceed to  compulsorily  acquire the remaining  shares in
HGAL to which it is not presently entitled as soon as possible.


For further information contact:

              Peter Breese or Charlie Lewis
              Baring Brothers Burrows & Co., Limited
              (02) 247 1222


31 January 1996








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