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AMAX GOLD BOARD APPROVES DIVIDEND

 AMAX GOLD BOARD APPROVES DIVIDEND
 GOLDEN, Colo., May 12 /PRNewswire/ -- Amax Gold Inc.


(NYSE: AU; Toronto: AXG) announced today that its board of directors approved a regular quarterly dividend of 2 cents per common share to shareholders of record as of June 9, 1992, which will be payable on June 24, 1992.
 Under the new Dividend Reinvestment Plan, effective May 11, 1992, the quarterly dividend may be invested in additional shares of the company's stock. Interested parties may obtain the prospectus and authorization card from the Company Secretary, Amax Gold, 350 Indiana St., Golden, CO 80401-5081.
 Amax Gold produces and explores for gold in North and South America and New Zealand and is listed on the New York and Toronto stock exchanges. Amax Gold warrants trade on the American Stock Exchange under the symbol AUWT and the Toronto Stock Exchange under the symbol AXGWT.
 -0- 5/12/92
 /CONTACT: Gina Wilson of Amax Gold, 303-273-0623/
 (AU) CO: Amax Gold Inc. ST: Colorado IN: MNG SU: DIV


MC-BB -- DV002 -- 9269 05/12/92 15:41 EDT
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Publication:PR Newswire
Date:May 12, 1992
Words:175
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