Exhibit 23.2


[LOGO & LETTERHEAD OF MINERAL RESOURCES DEVELOPMENT, INC.]


                      MINERAL RESOURCES DEVELOPMENT, INC.
     Property Evaluators, Developers, Consulting Geologists and Engineers



March 12, 1997



Amax Gold Inc.
9100 East Mineral Circle
Englewood, CO 80112

RE: Fort Knox Gold Project Reserve Study

Ladies and Gentlemen:

We hereby authorize the reference to the Fort Knox Gold Project, Fairbanks, 
Alaska, 1996 Reserve Update, dated February 26, 1997, prepared for Fairbanks 
Gold Mining, Inc., by Mineral Resources Development, Inc., in the annual Report 
on Form 10-K of Amax Gold, Inc. (File No. 1-9620), to be filed with the United 
States Securities and Exchange Commission:

We also confirm that we have read the descriptions of the Fort Knox Project ore 
reserves as contained in the Annual Report on Form 10-K and have no reason to 
believe that there is any misrepresentation in the information contained 
herein that is derived from our reports or known to us as a result of services 
we performed in connection with the preparation of such reports.


Sincerely,
MINERAL RESOURCES DEVELOPMENT, INC.


/s/ Frank P. Howald


By:     Frank P. Howald
Title:  Vice President, Project Management



- --------------------------------------------------------------------------------
Bayshore Corporate Center                              Jose Domingo Canes 2640
1710 So. Amphlett Blvd., Suite 302                     Santiago, Chile
San Mateo, California 94402 USA                        Tel:  56 2 2047107
Tel:  (415) 349-2100  Fax:  (415) 349-2111             Fax:  56 2 2745315