Galiano Gold (GAU): Donald Smith & Co. discloses 10.08% ownership of common shares

Rhea-AI Filing Summary

Donald Smith & Co., Inc. and related entities reported beneficial ownership of 26,339,874 common shares of Galiano Gold Inc., representing 10.08% of the outstanding common stock. The securities are held for advisory clients, with Donald Smith & Co., Inc. exercising investment discretion.

The group reports sole voting powersole dispositive powerno single client or other person holds more than 5% of the class through these arrangements.

Key Figures

Beneficially owned shares: 26,339,874 shares Percent of class: 10.08% Sole voting power – Donald Smith & Co., Inc.: 24,555,599 shares +3 more

6 metrics

Beneficially owned shares 26,339,874 shares Common shares of Galiano Gold Inc. beneficially owned by the reporting group

Percent of class 10.08% Portion of Galiano Gold Inc. common stock reported as beneficially owned

Sole voting power – Donald Smith & Co., Inc. 24,555,599 shares Shares over which Donald Smith & Co., Inc. has sole power to vote or direct voting

Sole dispositive power – Donald Smith & Co., Inc. 25,855,474 shares Shares over which Donald Smith & Co., Inc. has sole power to dispose or direct disposition

Sole voting/dispositive – DSCO Value Fund, L.P. 244,644 shares Shares over which DSCO Value Fund, L.P. has sole voting and dispositive power

Maximum ownership per client <5% of class Each advisory client’s interest in Galiano Gold common stock reported by Donald Smith & Co., Inc.

Key Terms

beneficially owned, sole voting power, sole dispositive power, Schedule 13G, +2 more

6 terms

beneficially owned financial

"Item 4. | Ownership (a) | Amount beneficially owned: 26,339,874"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

sole voting power financial

"5 | Sole Voting Power 24,555,599.00"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

sole dispositive power financial

"7 | Sole Dispositive Power 25,855,474.00"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

Schedule 13G regulatory

"If a group has filed this schedule pursuant to 1(c) or 1(d)"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

Investment Company Act of 1940 regulatory

"investment company registered under the Investment Company Act of 1940"

A U.S. federal law that sets the rulebook for pooled investment vehicles such as mutual funds, exchange-traded funds and similar money managers, requiring them to register with regulators, disclose holdings and fees, limit conflicts of interest, and follow governance standards. It matters to investors because these protections and transparency rules act like a referee and scoreboard, helping people compare funds, trust that managers follow fair practices, and spot hidden costs or risks.

discretionary authority financial

"Any and all discretionary authority which has been delegated to Donald Smith & Co., Inc."

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/11/2026 - 01:27 PM Accepted by SEC EDGAR 08/11/2026 - 01:27 PM Learn about SEC filing dates

FAQ

What stake in Galiano Gold Inc. (GAU) does Donald Smith & Co. report?

Donald Smith & Co., Inc. reports beneficial ownership of 26,339,874 common shares of Galiano Gold Inc., representing 10.08% of the outstanding common stock held across its advisory client accounts and related entities.

Who is the reporting person in this Galiano Gold (GAU) Schedule 13G?

The reporting person is Donald Smith & Co., Inc., a Delaware corporation acting as investment adviser, along with DSCO Value Fund, L.P. and certain individuals identified as members of the reporting group in the ownership disclosure.

How many Galiano Gold (GAU) shares does Donald Smith & Co. have voting power over?

The group reports sole power to vote shares held for clients, including 24,555,599 shares for Donald Smith & Co., Inc., plus additional shares held by DSCO Value Fund, L.P. and named individuals, all reflected in the 26,339,874-share total.

Does any single client of Donald Smith & Co. own more than 5% of Galiano Gold (GAU)?

The filing states that, to Donald Smith & Co., Inc.’s knowledge, no advisory client owns more than 5% of the class of Galiano Gold common stock represented in the reported holdings across its accounts.

Who ultimately receives dividends and sale proceeds from the Galiano Gold (GAU) shares?

According to the disclosure, clients or their custodians have the right to receive dividends and sale proceeds, while Donald Smith & Co., Inc. holds delegated investment discretion that clients may revoke in whole or in part at any time.

Which entities are identified as part of the reporting group for Galiano Gold (GAU)?

The group includes Donald Smith & Co., Inc. (IA), DSCO Value Fund, L.P. (PN), and individuals Jon Hartsel, John Piermont, and Kamal Shah, each listed with their respective sole voting and dispositive powers over shares.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Galiano Gold Inc.

(Name of Issuer)

Common

(Title of Class of Securities)

36352H100

(CUSIP Number)

06/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 36352H100

1

Names of Reporting Persons

DONALD SMITH & CO., INC.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 24,555,599.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 25,855,474.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

26,339,874.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

10.1 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP Number(s): 36352H100

1

Names of Reporting Persons

DSCO Value Fund, L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 244,644.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 244,644.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

26,339,874.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

10.1 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP Number(s): 36352H100

1

Names of Reporting Persons

Jon Hartsel

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 203,756.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 203,756.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

26,339,874.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

10.1 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

CUSIP Number(s): 36352H100

1

Names of Reporting Persons

John Piermont

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 16,000.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 16,000.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

26,339,874.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

10.1 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

CUSIP Number(s): 36352H100

1

Names of Reporting Persons

Kamal Shah

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 20,000.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 20,000.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

26,339,874.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

10.1 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Galiano Gold Inc.
(b)	Address of issuer's principal executive offices: 680 - 1066 WEST HASTINGS STREET, VANCOUVER, BRITISH COLUMBIA, CANADA, V6E 3X2.
Item 2.
(a)	Name of person filing: Donald Smith & Co., Inc.
(b)	Address or principal business office or, if none, residence: 152 West 57th Street, 29th Floor New York, NY 10019
(c)	Citizenship: A Delaware Corporation
(d)	Title of class of securities: Common
(e)	CUSIP Number(s): 36352H100
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 26,339,874,
(b)	Percent of class: 10.08 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: Donald Smith & Co., Inc. 24,555,599 DSCO Value Fund, L.P. 244,644 Jon Hartsel 203,756 John Piermont 16,000 Kamal Shah 20,000
	(ii) Shared power to vote or to direct the vote: SEE ITEM 6
	(iii) Sole power to dispose or to direct the disposition of: Donald Smith & Co., Inc. 25,855,474 DSCO Value Fund, L.P. 244,644 Jon Hartsel 203,756 John Piermont 16,000 Kamal Shah 20,000
	(iv) Shared power to dispose or to direct the disposition of: SEE ITEM 6
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. 1. Donald Smith & Co., Inc. does not serve as custodian of the assets of any of its clients; accordingly, in each instance only the client or the client?s custodian or trustee bank has the right to receive dividends paid with respect to, and proceeds from the sale of, such securities. The ultimate power to direct the receipt of dividends paid with respect to, and the proceeds from the sale of, such securities, is vested in the institutional clients which Donald Smith & Co., Inc. serves as investment advisor. Any and all discretionary authority which has been delegated to Donald Smith & Co., Inc. may be revoked in whole or in part at any time. To the knowledge of Donald Smith & Co., Inc., with respect to all securities reported in this schedule owned by advisory clients of Donald Smith & Co., Inc., not more than 5% of the class of such securities is owned by any one client. 2. With respect to the remaining securities owned, various persons have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Common Stock of Galiano Gold Inc. No one person?s interest in the Common Stock of Galiano Gold Inc. is more than five percent of the total outstanding Common Stock.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(K), so indicate under Item 3(k) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group. Donald Smith & Co., Inc. IA DSCO Value Fund, L.P. PN Jon Hartsel IN John Piermont IN Kamal Shah IN
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

DONALD SMITH & CO., INC.

Signature:	Richard L. Greenberg
Name/Title:	CEO and Co-CIO
Date:	08/11/2026

DSCO Value Fund, L.P.

Signature:	Richard L. Greenberg
Name/Title:	CEO and Co-CIO
Date:	08/11/2026

Jon Hartsel

Signature:	Richard L. Greenberg
Name/Title:	CEO and Co-CIO
Date:	08/11/2026

John Piermont

Signature:	Richard L. Greenberg
Name/Title:	CEO and Co-CIO
Date:	08/11/2026

Kamal Shah

Signature:	Richard L. Greenberg
Name/Title:	CEO and Co-CIO
Date:	08/11/2026