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Exhibit 99.5



KPMG LLPChartered AccountantsSuite 1500 Purdys Wharf Tower I1959 Upper Water Street
    Telephone (902) 492-6000Halifax NS B3J 3N2
    Telefax (902) 492-1307Canada
    www.kpmg.ca


REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Shareholders and the Board of Directors of Gammon
Gold Inc.

We have audited Gammon Gold Inc.s (the Company")s internal
control over financial reporting as of December 31, 2009, based on the criteria
established in Internal ControlIntegrated Framework issued by the Committee of
Sponsoring Organizations of the Treadway Commission (COSO). The Company's
management is responsible for maintaining effective internal control over
financial reporting and for its assessment of the effectiveness of internal
control over financial reporting, included in the accompanying restated
Managements Report on Internal Control over Financial Reporting appearing in
Amendment No. 1 of the December 31, 2009 Annual Report on 40-F/A. Our
responsibility is to express an opinion on the Company's internal control over
financial reporting based on our audit.

We conducted our audit in accordance with the standards of the
Public Company Accounting Oversight Board (United States). Those standards
require that we plan and perform the audit to obtain reasonable assurance about
whether effective internal control over financial reporting was maintained in
all material respects. Our audit included obtaining an understanding of internal
control over financial reporting, assessing the risk that a material weakness
exists, and testing and evaluating the design and operating effectiveness of
internal control based on the assessed risk. Our audit also included performing
such other procedures as we considered necessary in the circumstances. We
believe that our audit provides a reasonable basis for our opinion.

A company's internal control over financial reporting is a
process designed to provide reasonable assurance regarding the reliability of
financial reporting and the preparation of financial statements for external
purposes in accordance with generally accepted accounting principles. A
company's internal control over financial reporting includes those policies and
procedures that (1) pertain to the maintenance of records that, in reasonable
detail, accurately and fairly reflect the transactions and dispositions of the
assets of the company; (2) provide reasonable assurance that transactions are
recorded as necessary to permit preparation of financial statements in
accordance with generally accepted accounting principles, and that receipts and
expenditures of the company are being made only in accordance with
authorizations of management and directors of the company; and (3) provide
reasonable assurance regarding prevention or timely detection of unauthorized
acquisition, use, or disposition of the company's assets that could have a
material effect on the financial statements.

Because of its inherent limitations, internal control over
financial reporting may not prevent or detect misstatements. Also, projections
of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because
of changes in conditions, or that the degree of compliance with the policies or
procedures may deteriorate.

KPMG LLP is a Canadian limited liability
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A material weakness is a deficiency, or a combination of
deficiencies, in internal control over financial reporting, such that there is a
reasonable possibility that a material misstatement of the Companys annual
financial statements will not be prevented or detected on a timely basis. A
material weakness related to the Company not maintaining effective controls over
the foreign currency translation of future income taxes arising on the
acquisition of an entity in a foreign jurisdiction has been identified and
included in managements restated assessment of the effectiveness of internal
control over financial reporting.

As stated in paragraphs 3 through 4 of Managements Report on
Internal Control over Financial Reporting in 40-F/A, managements assessment of
the effectiveness of the Companys internal controls over financial reporting
has been restated to reflect the impact of the aforementioned material weakness
in internal control over financial reporting.

We also have audited, in accordance with the standards of the
Public Company Accounting Oversight Board (United States) and Canadian generally
accepted auditing standards, the December 31, 2009 financial statements of the
Company. This material weakness was considered in determining the nature,
timing, and extent of audit tests applied in our audit of the December 31, 2009
consolidated financial statements, and this report does not affect our report
dated March 29, 2010, except as to note 2 which is as of May 13, 2010, which
expressed an unqualified opinion on those consolidated financial statements.

In our opinion, because of the effect of the aforementioned
material weakness on the achievement of the objectives of the control criteria,
the Company has not maintained effective internal control over financial
reporting as of December 31, 2009, based on criteria established in Internal
ControlIntegratedFramework issued by the Committee of Sponsoring
Organizations of the Treadway Commission.

/s/ KPMG LLP

Chartered Accountants

Halifax, Canada

March 29, 2010, except as to paragraphs 3 through 4 of the
accompanying restated Managements Report on Internal Control over Financial
Reporting, which are as of May 13, 2010

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