SCHEDULE 13G: Donald Smith & Co. and Affiliates Disclose 10% Stake in Galiano Gold Inc.

Donald Smith & Co., Inc., along with DSCO Value Fund, L.P., Jon Hartsel, and John Piermont, have jointly disclosed a beneficial ownership of 10.0% in Galiano Gold Inc.'s common stock as of December 31, 2024.

Summary

• Donald Smith & Co., Inc., DSCO Value Fund, L.P., Jon Hartsel, and John Piermont collectively reported beneficial ownership of 25,708,407 shares of Galiano Gold Inc. common stock.
• This aggregate ownership represents 10.0% of Galiano Gold Inc.'s outstanding common stock as of December 31, 2024.
• Donald Smith & Co., Inc. holds sole voting power over 2,390,116 shares and sole dispositive power over 25,339,341 shares.
• DSCO Value Fund, L.P. holds sole voting power over 223,590 shares and sole dispositive power over 223,590 shares.
• Jon Hartsel holds sole voting power over 129,476 shares and sole dispositive power over 129,476 shares.
• John Piermont holds sole voting power over 16,000 shares and sole dispositive power over 16,000 shares.
• The group collectively holds shared voting power over 24,299,182 shares and shared dispositive power over 25,708,407 shares.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.

Sentiment

Score: 5

Explanation: The filing is a standard disclosure of beneficial ownership and does not contain information that would inherently indicate positive or negative sentiment regarding the company's performance or outlook.

Future Outlook

NA

Management Comments

• "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."

Industry Context

NA

Stakeholder Impact

• Shareholders: Disclosure of a significant institutional stake (10%) can influence market perception and potentially provide a level of confidence or scrutiny regarding the company's stock.

Key Dates

Keywords

Galiano Gold Inc., Donald Smith & Co. Inc., DSCO Value Fund L.P., Schedule 13G, beneficial ownership, common stock, investment adviser, institutional investor