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                       SECURITIES AND EXCHANGE COMMISSION

                            WASHINGTON, D.C.  20549
    
                                  FORM 10-Q/A      


[X]QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
   ACT OF 1934

                  FOR THE QUARTERLY PERIOD ENDED JUNE 30, 1997

                                       OR

[ ]TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
   ACT OF 1934

For the transition period from __________to ___________

                         Commission file number 1-9620

                                 AMAX GOLD INC.
             (Exact name of registrant as specified in its charter)
 

            DELAWARE                                      06-1199974
-----------------------------------        ------------------------------------
(State or other jurisdiction of              (IRS Employer Identification No.)
incorporation or  organization)
 
     9100 EAST MINERAL CIRCLE,                                       
     ENGLEWOOD, COLORADO                                       80112 
-------------------------------------------       -----------------------------
  (Address of principal executive offices)                   (Zip Code)

    Registrant's telephone number,                                       
    including area code                                     (303) 643-5500 
                                                     --------------------------
 

INDICATE BY CHECK MARK WHETHER THE REGISTRANT (1) HAS FILED ALL REPORTS REQUIRED
TO BE FILED BY SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 DURING
THE PRECEDING 12 MONTHS (OR FOR SUCH SHORTER PERIOD THAT THE REGISTRANT WAS
REQUIRED TO FILE SUCH REPORTS), AND (2) HAS BEEN SUBJECT TO SUCH FILING
REQUIREMENTS FOR THE PAST 90 DAYS.  YES  X   No ___
                                        ---        

Common Stock Outstanding, $0.01 par value, as of August 12, 1997 - 114,778,792
shares

                               Total Pages - 286
                     Exhibit Index Located on Pages 2-3   



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                          PART II - OTHER INFORMATION

ITEM 1.   LEGAL PROCEEDINGS

          The purported stockholder derivative action titled Harbor Finance
                                                             --------------
          Partners V. Allen born, et al has been settled, pending approval of
          -----------------------------
          the Court of Chancery of Delaware. In connection with the settlement,
          the number of shares of Common Stock issued by the Company in
          connection with the Kubaka transaction was reduced by approximately
          600,000.

ITEM 2.   CHANGES IN SECURITIES

          Not Applicable.

ITEM 3.   DEFAULTS UPON SENIOR SECURITIES

          Not Applicable.

ITEM 4.   SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

          Not Applicable.

ITEM 5.   OTHER INFORMATION

          Not Applicable.

ITEM 6.   EXHIBITS AND REPORTS ON FORM 8-K
    
          This Form 10-Q/A has been filed to amend Exhibits (10.2), (10.3),
          (10.6) and (10.7) to add language contained in the original agreements
          that was inadvertently omitted from the prior Form 10-Q filing.     

          (a)  Exhibits

               Exhibit Number                          Exhibit
               --------------                          -------

                   (10.1)          Loan Agreement, dated as of May 1, 1997,
                                   between Alaska Development Export Authority
                                   and Fairbanks Gold Mining, Inc.;
                                   Reimbursement Agreement, dated as of May 1,
                                   1997, between Fairbanks Gold Mining, Inc. and
                                   Union Bank of Switzerland, New York Branch;
                                   Guaranty, dated May 22, 1997, of Cyprus Amax
                                   in favor of Union Bank of Switzerland, New
                                   York Branch; and Reimbursement Agreement,
                                   dated May 22, 1997, of the Company in favor
                                   of Cyprus Amax.

                   (10.2)          Finance Agreement, dated as of June 30, 1995,
                                   between Omolon and Overseas Private
                                   Investment Corporation ("OPIC"); First
                                   Amendment to Finance Agreement, dated as of
                                   April 22, 1996, between Omolon Gold Mining
                                   Company and OPIC, amending the Finance
                                   Agreement dated June 30, 1995 between Omolon
                                   and OPIC; and Second Amendment to Finance
                                   Agreement, dated as of January 28, 1997,
                                   between Omolon and OPIC, amending the Finance
                                   Agreement dated June 30, 1995 between Omolon
                                   and OPIC.

                                      2 
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                   (10.3)          Loan Agreement, dated as of June 30, 1995,
                                   between Omolon and European Bank for
                                   Reconstruction and Development ("EBRD");
                                   Amendment Agreement to Loan Agreement, dated
                                   November 7, 1995, between Omolon and EBRD,
                                   amending the Loan Agreement dated June 30,
                                   1995 between Omolon and EBRD; Second
                                   Amendment Agreement to Loan Agreement, dated
                                   April 22, 1996, between Omolon and EBRD,
                                   amending the Loan Agreement dated June 30,
                                   1995 between Omolon and EBRD; and Third
                                   Amendment to Loan Agreement, dated November
                                   20, 1996, between Omolon and EBRD, amending
                                   the Loan Agreement dated as of June 30, 1995
                                   between Omolon and EBRD.

                   (10.4)          Support Agreement, dated as of August 30,
                                   1995, among Omolon, Cyprus Amax, Cyprus
                                   Magadan Gold Corporation, EBRD and OPIC; and
                                   Amendment Agreement to Support Agreement,
                                   dated as of January 28, 1997 among Omolon,
                                   Cyprus Amax, Cyprus Magadan Gold Corporation
                                   and EBRD, amending the Support Agreement
                                   dated as of August 30, 1995 among the
                                   parties.

                   (10.5)          Guaranty Agreement, dated as of August 30,
                                   1995, among Cyprus Amax, EBRD and OPIC; and
                                   Amendment Agreement to Cyprus Amax Guaranty,
                                   dated January 30, 1997, among Cyprus Amax,
                                   EBRD and OPIC, amending the Guaranty
                                   Agreement dated as of August 30, 1995 among
                                   the parties.

                   (10.6)          Loan Agreement, dated as of November 29,
                                   1996, between Omolon and ABN Amro Bank
                                   (Moscow) Ltd.; and Guaranty and Indemnity
                                   Agreement, dated as of November 26, 1996, by
                                   Cyprus Amax in favor of ABN Amro Bank NV.

                   (10.7)          Agreement, dated April 8, 1997, between
                                   Omolon Gold Mining Company and ABN Amro Bank
                                   (Moscow) Ltd.; and Guaranty and Indemnity
                                   Agreements, dated as of April 1, 1997, by
                                   Cyprus Amax in favor of ABN Amro Bank N.V.

                   (10.8)          Third Amendment Agreement, dated as of March
                                   24, 1997, among the Company, Fairbanks Gold
                                   Mining, Inc., Guanaco Mining Company, Inc.,
                                   Lassen Gold Mining, Inc., Melba Creek Mining,
                                   Inc., Nevada Gold Mining, Inc. and a group of
                                   banks, amending the Term Loan Agreement dated
                                   October 31, 1995 among the parties.

                    (27)           Financial Data Schedule

          (b)  Reports on Form 8-K - None

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                                  SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.



                                  AMAX GOLD INC.



                                  By /s/ Leland O. Erdahl
                                     ----------------------------------
                                     Leland O. Erdahl
                                     Vice President and Chief Financial Officer
                                     (principal accounting officer)



Dated:  August 15, 1997

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