[SCHEDULE 13G] Galiano Gold Inc. Passive Investment Disclosure (>5%)
Donald Smith & Co. reports 8.89% stake in Galiano Gold
Galiano Gold Inc. ownership disclosure: Donald Smith & Co., Inc. reports beneficial ownership of 23,101,316 shares of Common Stock, representing 8.89% of the class.
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Galiano Gold Inc. ownership disclosure: Donald Smith & Co., Inc. reports beneficial ownership of 23,101,316 shares of Common Stock, representing 8.89% of the class. The filing states Donald Smith & Co., Inc. holds 21,422,589 shares with sole voting power and 22,690,164 shares with sole dispositive power, and notes these shares are held on behalf of advisory clients.
The schedule lists affiliated persons and account-level holdings including DSCO Value Fund, L.P.: 211,396 shares; Jon Hartsel: 183,756 shares; and John Piermont: 16,000 shares. The filing is signed by Richard L. Greenberg on 05/13/2026.
Key Figures
Beneficial ownership:23,101,316 sharesPercent of class:8.89%Sole voting power:21,422,589 shares+4 more
Percent of class8.89%Percent of common stock beneficially owned
Sole voting power21,422,589 sharesSole power to vote reported for Donald Smith & Co., Inc.
Sole dispositive power22,690,164 sharesSole power to dispose reported for Donald Smith & Co., Inc.
DSCO Value Fund holdings211,396 sharesDSCO Value Fund, L.P. reported sole voting and dispositive power
Jon Hartsel holdings183,756 sharesReported sole voting and dispositive power for Jon Hartsel
Filing signature date05/13/2026Date on signature block
Key Terms
Beneficial ownership, Sole dispositive power, Schedule 13G, Investment adviser (IA)
4 terms
Beneficial ownershipregulatory
"Amount beneficially owned: 23,101,316 (b) Percent of class: 8.89%"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Sole dispositive powerregulatory
"Sole power to dispose or to direct the disposition of: 22,690,164"
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 13Gregulatory
"Item 1. (a) Name of issuer: Galiano Gold Inc."
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 adviser (IA)regulatory
"Donald Smith & Co., Inc. IA"
An investment adviser (IA) is a person or firm that provides personalized guidance on buying, selling, or holding investments and often manages client portfolios for a fee. Investors should care because an IA has a legal duty to act in the client's best interest—think of them as a navigator who plans and steers your financial journey—so their advice, fee structure and potential conflicts can directly affect returns and financial risk.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What stake does Donald Smith & Co. report in Galiano Gold (GAU)?
Donald Smith & Co. reports beneficial ownership of 23,101,316 shares, representing 8.89% of the common stock. The filing attributes voting and dispositive powers across the advisory firm and listed related accounts.
Does Donald Smith & Co. hold voting power for those GAU shares?
Yes. The filing lists 21,422,589 shares as shares for which Donald Smith & Co., Inc. has sole voting power and 22,690,164 shares as shares for which it has sole dispositive power.
Are these shares held directly by Donald Smith or for clients?
The schedule states the securities are held on behalf of advisory clients and that ultimate power to receive dividends or sale proceeds rests with the institutional clients; Donald Smith & Co. acts as investment adviser in a discretionary capacity.
When was this Schedule 13G signed?
The filing signatures show Richard L. Greenberg, CEO and Co-CIO, signed the schedule on 05/13/2026. That date appears alongside the signature blocks in the provided excerpt.
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)
03/31/2026
(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
21,422,589.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
22,690,164.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
23,101,316.00
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)
8.9 %
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
211,396.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
211,396.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
23,101,316.00
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)
8.9 %
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
183,756.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
183,756.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
23,101,316.00
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)
8.9 %
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
23,101,316.00
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)
8.9 %
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:
23,101,316
(b)
Percent of class:
8.89%
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
SOLE POWER TO VOTE:
Donald Smith & Co., Inc. 21,422,589
DSCO Value Fund, L.P. 211,396
Jon Hartsel 183,756
John Piermont 16,000
(ii) Shared power to vote or to direct the vote:
SEE ITEM 6
(iii) Sole power to dispose or to direct the disposition of:
SOLE POWER TO DISPOSE:
Donald Smith & Co., Inc. 22,690,164
DSCO Value Fund, L.P. 211,396
Jon Hartsel 183,756
John Piermont 16,000
(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
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.
