SANTA FE PACIFIC GOLD CORP
8-K, 1997-01-13
GOLD AND SILVER ORES
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                      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: January 13, 1997
              (Date of Earliest Event Reported): (January 12, 1997)

                       SANTA FE PACIFIC GOLD CORPORATION
             (Exact Name of Registrant as Specified in its Charter)

           Delaware               1-13096              85-0307713  
           (State of            (Commission        (I.R.S. Employer
       of Incorporation)       File Number)       Identification No.)


            6200 Uptown Blvd, NE, Suite 400
                Albuquerque, New Mexico                  87110   
       (Address of Principal Executive Offices)        (Zip Code)

                                 (505) 880-5300
             (Registrant's Telephone Number, Including Area Code)

                                Not Applicable
        (Former Name or Former Address, If Changed Since Last Report)



          ITEM 5.   OTHER EVENTS.

                    On January 12, 1997, the Board of Directors of
          Santa Fe Pacific Gold Corporation ("Santa Fe")
          determined, pursuant to Section 3(a) of the Rights
          Agreement, dated as of February 13, 1995, as amended (the
          "Rights Agreement"), between Santa Fe and Harris Trust
          and Savings Bank, as Rights Agent, that a Distribution
          Date (as defined in the Rights Agreement) shall not occur
          until the earlier of (x) such time as the Santa Fe Board
          shall determine and (y) immediately prior to such time as
          any Person becomes an Acquiring Person (as such terms are
          defined in the Rights Agreement).

                    On January 13, 1997, Santa Fe issued the press
          release attached hereto as exhibit 99.1.

          ITEM 7.   FINANCIAL STATEMENTS, PRO FORMA FINANCIAL
                    INFORMATION AND EXHIBITS.

               (c)  Exhibits

                    99.1 Press release issued by Santa Fe on
          January 13, 1997.



                                   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.

                                        SANTA FE PACIFIC GOLD
                                        CORPORATION

          Date:  January 13,  1997      By:  /s/ Wayne Jarke
                                           Name:   Wayne Jarke
                                           Title:  Secretary



                                   EXHIBITS

          99.1    Press release issued by Santa Fe on January 13, 1997








          FOR IMMEDIATE RELEASE:   January 13, 1997
          CONTACT:                 Wendy Yang
                                   (505) 880-5321

               Santa Fe Pacific Gold Plans to Meet with Newmont;
               Merger Agreement with Homestake Remains in Effect

          Albuquerque, New Mexico -- Santa Fe Pacific Gold
          (NYSE:GLD) announced today that it plans to meet with
          Newmont Mining Corporation with respect to its proposal
          for a business combination with Santa Fe Pacific Gold
          (SFPG), so that any future decisions or actions are
          consistent with and advance the best interests of SFPG
          shareholders.  

          SFPG noted that it is a party to a merger agreement with
          Homestake Mining Company and has made no determination to
          cease pursuing such transaction or that the Newmont
          proposal would be in the best interests of SFPG
          shareholders.  SFPG stated that there can be no
          assurances that any particular course of action will
          result from SFPG's communication with Newmont.

               Santa Fe Pacific Gold is one of the largest gold
          mining companies in North America, with mines in Nevada
          and California and exploration offices and projects
          throughout the world.  The Company's shares are traded on
          the New York Stock Exchange under the symbol GLD.

                                   #  #  #





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