For your info only,Amax
DENVER, April 8 /PRNewswire/ -- Amax Gold Inc. (NYSE: AU; Toronto: AXG)
announced today that its Board of Directors approved a quarterly
dividend of $.9375 per share on the $3.75 Series B Convertible
Preferred Stock payable on May 15, 1998, to shareholders of record as
of May 1, 1998. The ex-dividend date for the preferred stock dividend
distribution is April 29, 1998.
Amax Gold Inc. produces gold in the United States, Chile and Russia,
explores for gold primarily in the Americas, Russia and Australia, and
currently is 58.8% owned by Cyprus Amax Minerals Company. Amax Gold
common stock is listed on the New York Stock Exchange and the Toronto
Stock Exchange and the $3.75 Series B Convertible Preferred Stock is
listed on the New York Stock Exchange (AUPrB).
Actual results may vary materially from any forward-looking statements
that Amax Gold makes. Refer to the Cautionary Statement in the
Company's most recent Form 10-K.
SOURCE Amax Gold Inc.
-0- 04/08/98 /CONTACT: Marj Charlier,
Director, Investor Relations, 303-643-5625, or D. Michael Rounds,
Director, Communications, 303-643-5186, both of Amax Gold Inc./
/Company News On-Call: prnewswire.com or fax, 800-758-5804,
ext. 224250/
/Web site: cyprusamax.com (CYM AU AXG.)
CO: Amax Gold Inc. ST: Colorado IN: OIL MNG SU: DIV
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