EXHIBIT 23

       THRIFT PLAN FOR EMPLOYEES OF AMAX GOLD INC. AND ITS SUBSIDIARIES

                      CONSENT OF INDEPENDENT ACCOUNTANTS



We hereby consent to the incorporation by reference in the Registration
Statements on Form S-8 (Nos. 33-53665 and 33-54553) of the Thrift Plan for
Employees of Amax Gold Inc. and Its Subsidiaries of our report dated June 8,
1998, appearing on page 2 of this Form 11-K of Amax Gold Inc. for the year ended
December 31, 1997.



PRICE WATERHOUSE LLP

Denver, Colorado
June 29, 1998