SCHEDULE: Galiano Gold Inc. Ownership Update

Donald Smith & Co., Inc. and affiliated entities report beneficial ownership of 8.9% of Galiano Gold Inc. common stock as of March 31, 2026.

Summary

• Donald Smith & Co., Inc., along with DSCO Value Fund, L.P., Jon Hartsel, and John Piermont, have collectively reported beneficial ownership of Galiano Gold Inc. common stock.
• The total aggregate amount beneficially owned by these reporting persons is 23,101,316 shares.
• This represents 8.9% of the class of securities.
• The filing indicates that Donald Smith & Co., Inc. acts as an investment advisor for its clients, and the ultimate power to direct dividends and sale proceeds rests with these institutional clients.
• No single client is known to own more than 5% of the class of securities.
• The reporting persons certify that the securities were acquired and are held in the ordinary course of business and not for the purpose of influencing control of the issuer.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing. It confirms a significant ownership stake but provides no new operational or financial information about Galiano Gold Inc. itself.

Positives

• Significant aggregate beneficial ownership of 8.9% by Donald Smith & Co., Inc. and affiliated entities indicates substantial investor interest.
• The reporting persons certify that their holdings are in the ordinary course of business, suggesting a stable, non-activist investment approach.

Negatives

• The filing does not contain financial performance data or operational updates, limiting the assessment of the company's current health.
• Details on specific client holdings are limited, with only a general statement that no single client owns more than 5%.

Risks

• The filing does not explicitly mention any risks associated with Galiano Gold Inc. or the reporting persons' investment strategy.
• Potential for changes in investment strategy by Donald Smith & Co., Inc. or its clients could impact Galiano Gold Inc.'s stock.

Future Outlook

The filing does not contain any forward-looking statements or guidance from Galiano Gold Inc. The certification by the reporting persons relates to their current investment practices.

Management Comments

• 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.
• 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.

Industry Context

StockSavvy.ai notes that Schedule 13G filings typically indicate passive investment stakes. The significant ownership by Donald Smith & Co., Inc. and its affiliates suggests a notable position in Galiano Gold Inc., but the nature of the filing implies a lack of intent to control or influence the company's management or operations.

Stakeholder Impact

• Shareholders: The filing confirms a substantial institutional holding, which can provide a degree of stability to the stock. However, the passive nature of the filing means no immediate strategic impact is indicated.
• Management of Galiano Gold Inc.: The filing suggests that the reporting persons are not seeking to influence control, which may be viewed positively by current management.
• Potential Investors: The disclosure provides transparency on a significant shareholder, which is useful for due diligence.

Next Steps

• Continue to monitor future SEC filings from Donald Smith & Co., Inc. and Galiano Gold Inc. for any changes in ownership or operational updates.

Key Dates

Keywords

Galiano Gold Inc., Schedule 13G, Donald Smith & Co., Inc., DSCO Value Fund, L.P., Jon Hartsel, John Piermont, Beneficial Ownership, Investment Advisor, Common Stock, SEC Filing