Donald Smith & Co., Inc. filed a Schedule 13G with the SEC on November 13, 2026, disclosing a combined beneficial ownership position of 26,349,667 common shares of Galiano Gold Inc., representing 10.1% of the class as of September 30, 2026.

Key Highlights

  • Aggregate beneficial ownership: The reporting group disclosed 26,349,667 shares of Galiano Gold Inc. common stock, representing 10.1% of the class.
  • Lead filer: Donald Smith & Co., Inc., a Delaware corporation and registered investment adviser, is the primary reporting person, with sole dispositive power over 25,817,614 shares.
  • Additional reporting persons: DSCO Value Fund, L.P., Jon Hartsel, John Piermont, and Kamal Shah are also named, with sole dispositive power over 264,297, 231,756, 16,000, and 20,000 shares respectively.
  • Voting power (sole): Donald Smith & Co., Inc. reported sole voting power over 24,517,739 shares; no shared voting or dispositive power was reported by any member of the group.
  • Triggering event date: The date of the event requiring this filing was September 30, 2026.
  • Ordinary course certification: The filing certifies that the securities "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."

Donald Smith & Co. Group Crosses 10% Threshold in Galiano Gold

According to the Schedule 13G filed November 13, 2026, Donald Smith & Co., Inc. and four affiliated persons collectively reported beneficial ownership of 26,349,667 common shares of Galiano Gold Inc. (CUSIP 36352H100), equal to 10.08% of the outstanding class as of September 30, 2026. The filing identifies the issuer's principal executive offices as 1640 - 1066 West Hastings Street, Vancouver, British Columbia, Canada, V6E 3X1.

Donald Smith & Co., Inc., headquartered at 152 West 57th Street, 29th Floor, New York, NY 10019, is classified as an investment adviser (IA) in the filing. The firm reported sole voting power over 24,517,739 shares and sole dispositive power over 25,817,614 shares. The filing notes that the firm "does not serve as custodian of the assets of any of its clients" and that ultimate power to direct dividends and sale proceeds "is vested in the institutional clients which Donald Smith & Co., Inc. serves as investment advisor." Any discretionary authority delegated to the firm "may be revoked in whole or in part at any time," according to the filing.

The four additional reporting persons are DSCO Value Fund, L.P. (a Delaware limited partnership, classified PN), Jon Hartsel (United States, classified IN), John Piermont (United States, classified IN), and Kamal Shah (United States, classified IN). Each reports zero shared voting or dispositive power. The filing states that no single client of Donald Smith & Co., Inc. owns more than 5% of the class, and no one person's interest among the remaining securities exceeds five percent of the total outstanding common stock of Galiano Gold Inc.

What Was Disclosed

Donald Smith & Co., Inc. and four affiliated entities and individuals filed a Schedule 13G disclosing aggregate beneficial ownership of 26,349,667 Galiano Gold Inc. common shares, equal to 10.1% of the class, as of September 30, 2026, held in the ordinary course of business.