Exhibit 23.1

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We hereby consent to the incorporation by reference in the Registration Statement of Form S-8 (File No. 333-117235) of Golden Cycle Gold Corporation of our report dated February 9, 2005, which appears in the consolidated financial statements included in this Company’s Form 10-K for the year ended December 31, 2004.

	/s/ Ehrhardt Keefe Steiner & Hottman P.C.
Denver, Colorado
March 31, 2005

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