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AMAX GOLD BOARD APPROVES DIVIDEND

 GOLDEN, Colo., Feb. 23 /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 March 12, 1993, which will be payable on March 26, 1993.
 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 Inc., 350 Indiana Street, 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- 2/23/93
 /CONTACT: Gina Wilson of Amax Gold, 303-273-0623/
 (AU)


CO: Amax Gold Inc. ST: Colorado IN: MNG SU: DIV

BB -- DV003 -- 9519 02/23/93 14:55 EST
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Publication:PR Newswire
Date:Feb 23, 1993
Words:171
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