U.S. SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-QSB

(Mark One)

/X/      QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
         EXCHANGE ACT OF 1934

                  For the quarterly period ended March 31, 2000

/   /    TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT

             For the transition period from _________ to _________

                            Commission file 02-69494

                            GLOBAL GOLD CORPORATION
                 (Name of small business issuer in its charter)

DELAWARE                                                              13-3025550
--------                                                              ----------
(State or other jurisdiction of                                    (IRS Employer
 incorporation or organization)                              Identification No.)

        734 FRANKLIN AVENUE, SUITE 383, GARDEN CITY, NEW YORK 11530-4525
     ----------------------------------------------------------------------
               (Address of principal executive offices) (Zip Code)

                    Issuer's telephone number (516) 773-8975

Check  whether the issuer (1) filed all reports  required to be filed by Section
13 or 15(d) of the  Exchange  Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports),  and (2) has been
subject to such filing requirements for the past 90 days. Yes /X/ No / /.

Check whether the  registrant  filed all  documents  and reports  required to be
filed by Section 12, 13 or 15(d) of the Exchange Act after the  distribution  of
securities under a plan confirmed by court. Yes / / No / /. Not applicable.

As of March 31,  2000 there were  4,358,114  Shares of the  registrant's  Common
Stock outstanding.

Transitional Small Business Disclosure Format (check one): Yes /__/ No /X/.


<PAGE>



                             GLOBAL GOLD CORPORATION
                          (A Development Stage Company)




                                TABLE OF CONTENTS

PART I    -  FINANCIAL INFORMATION

Item 1.                    Financial Statements

           Balance Sheet - as of March 31, 2000 .............................  1

           Statement of Income and (Loss) for the three month periods
           ended   March  31,  2000  and  March  31,  1999  and  for  the
           development stage period from January 1, 1995 through
           March 31, 2000....................................................  2

           Statement  of Cash  Flows - for the  periods  January  1, 2000
           through  March 31, 2000 and January 1, 1999 through  March 31,
           1999 and the development stage period from
           January 1, 1995 through March 31, 2000 ...........................  3

           Notes to Financial Statement (unaudited)  ........................4-5

Item 2.    Management's Discussion and Analysis of Financial
           Condition and Results of Operation  ..............................6-7

PART II   -       OTHER INFORMATION

Item 2.    Other information   ..............................................  8


SIGNATURE   .................................................................  9




<PAGE>

                             GLOBAL GOLD CORPORATION
                          (A Development Stage Company)
                                  BALANCE SHEET
                                 MARCH 31, 2000
                                   (Unaudited)

                                     ASSETS




Cash                                                                      $ 855

Other Assets:
     Investment in First Dynasty Mines, Ltd.
     Common Shares                                                      240,000
                                                                ----------------
TOTAL ASSETS                                                          $ 240,855
                                                                ================






      LIABILITIES AND STOCKHOLDERS' EQUITY


CURRENT LIABILITIES:
  Accounts payable and accrued expenses                                $ 56,429


STOCKHOLDERS' EQUITY:
  Common stock $0.001 par, 100,000,000 shares authorized
    4,358,114 shares issued and outstanding                               4,358
  Paid capital - dormant period                                       3,236,602
  Paid capital - development stage                                    1,596,713
  Deficit - dormant period                                           (2,907,648)
  Deficit - development stage                                        (1,789,599)
  Unrealized gain on securities                                          44,000
                                                                 ---------------
    TOTAL STOCKHOLDERS' EQUITY                                          184,426
                                                                 ---------------
                                                                       $ 240,855
                                                                 ===============








                        See notes to financial statements


                                        1


<PAGE>

                             GLOBAL GOLD CORPORATION
                          (A Development Stage Company)
                         STATEMENTS OF INCOME AND (LOSS)
                                   (Unaudited)
<TABLE>
<CAPTION>

                                                                                                              January 1, 1995
                                                                 January 1,            January 1,           (development stage)
                                                                2000 through          1999 through                through
                                                               March 31, 2000        March 31, 1999            March 31, 2000
                                                              -----------------    -------------------         --------------------
<S>                                                                      <C>                    <C>                         <C>

 REVENUES                                                                  $ -                    $ -                         $ -
                                                              -----------------    -------------------         --------------------
 EXPENSES:

   Officers' compensation                                                    -                      -                     550,834
   Legal                                                                 3,584                 16,003                     608,787
   Accounting and auditing                                                 600                  7,250                     132,048
   Transfer agent and securities fees                                        -                      -                      12,446
   Proxy costs                                                               -                                             26,555
   Rent                                                                                             -                      54,000
   Office expense                                                        6,402                  7,482                     151,499
   Travel                                                                    -                      -                      43,234
                                                              -----------------    -------------------         --------------------
          TOTAL EXPENSES                                               (10,586)               (30,735)                 (1,579,403)
                                                              -----------------    -------------------         --------------------
 OPERATING (LOSS)                                                      (10,586)               (30,735)                 (1,579,403)
                                                              -----------------    -------------------         --------------------
 OTHER INCOME (EXPENSES)
   Interest and royalty income                                             338                     11                       5,766
   Organization costs                                                        -                      -          -           (4,800)
   Interest Expense                                                          -                      -          -          (15,422)
   Provision for bad debt                                                    -                      -          -         (325,000)
   Write-off investment in Georgia                                           -                      -                           -
     mining interests                                                        -                      -          -         (135,723)
   Gain on sale of interest in                                               -                      -
     Global Gold Armenia                                                     -                      -          -          268,874
                                                              -----------------    -------------------         --------------------
          TOTAL OTHER INCOME (EXPENSES)                                    338                     11                    (206,305)
                                                              -----------------    -------------------         --------------------
 LOSS BEFORE INCOME TAXES                                              (10,248)               (30,724)                 (1,785,708)

   Income taxes                                                            200                   (170)                     (3,891)
                                                              -----------------    -------------------         --------------------
 NET LOSS                                                            $ (10,048)             $ (30,894)               $ (1,789,599)
                                                              -----------------    -------------------         --------------------


 NET LOSS PER SHARE                                                   $ (0.003)              $ (0.007)
                                                             ==================    ===================         =====================


 WEIGHTED AVERAGE SHARES OUTSTANDING                                 3,519,447              4,358,114
                                                              =================     ===================        =====================


 NET LOSS                                                            $ (10,048)             $ (30,894)               $ (1,789,599)

 OTHER COMPREHENSIVE
 GAIN/(LOSS), NET OF TAX

  Unrealized gain on available-
        FOR-SALE SECURITIES                                             44,000                      -                      44,000
                                                              -----------------    -------------------         --------------------
 COMPREHENSIVE

   GAIN/(LOSS)                                                        $ 33,952              $ (30,894)               $ (1,745,599)
                                                             ==================    ===================         =====================

</TABLE>

                        See notes to financial statements



                                        2


<PAGE>

                             GLOBAL GOLD CORPORATION
                          (A Development Stage Company)
                            STATEMENTS OF CASH FLOWS
                                   (Unaudited)
<TABLE>
<CAPTION>

                                                                                                         January 1, 1995
                                                            January 1, 2000      January 1, 1999       (development stage)
                                                                through              through                 through
                                                             March 31, 2000       March 31, 1999          March 31, 2000
                                                            ----------------     ---------------       ---------------------


 CASH FLOWS FROM DEVELOPMENT STAGE
       ACTIVITIES:

<S>                                                           <C>                  <C>                    <C>

 Net Loss                                                       $ (10,048)           $ (30,894)             $ (1,789,599)
                                                            ----------------     ---------------       ---------------------
 Adjustments to reconcile net loss
 to net cash used in operating activities:
   Provision for bad debt                                               -                    -                   325,000
   Gain on sale of Armenia mining interests                             -                    -                  (268,874)
   Write-off of mining investment in Georgia                            -                    -         -         135,723
 Decrease (increase) in:
   Organization costs                                                   -                    -                    (9,601)
   Accounts receivable and deposits                                     -                9,287                      (154)
   Accounts payable and accrued expenses                            9,471                7,482                   316,532
                                                            ----------------     ---------------       ---------------------
 NET CASH USED IN OPERATING ACTIVITIES                               (577)             (14,125)               (1,290,973)
                                                            ----------------     ---------------       ---------------------
 CASH FLOW FROM INVESTING ACTIVITIES:

  Proceeds from sale of Armenia mining interests                        -                    -                 1,891,155
  Investment in certain mining
     interests - net of financing                                       -                    -                  (153,494)
   Deferred costs - mining interests                                    -                    -                  (878,858)
                                                            ----------------     ---------------       ---------------------
 NET CASH PROVIDED BY INVESTING ACTIVITIES                              -                    -                   858,803
                                                            ----------------     ---------------       ---------------------
 CASH FLOW FROM FINANCING ACTIVITIES:

   Net proceeds from private
     placement offering                                                 -                    -                   421,573
   Warrants exercised                                                   -                    -                       100
                                                            ----------------     ---------------       ---------------------
 NET CASH PROVIDED BY FINANCING ACTIVITIES                              -                    -                   421,673
                                                            ----------------     ---------------       ---------------------
 NET DECREASE IN CASH                                                (577)             (14,125)                  (10,497)

 CASH - beginning of period                                         1,432               24,623                    11,352
                                                            ----------------     ---------------       ---------------------
 CASH - end of period                                               $ 855             $ 10,498                     $ 855
                                                            ==================   ==================    ======================



 SUPPLEMENTAL CASH FLOW INFORMATION

   Income taxes paid                                               $ (200)               $ 170                   $ 2,483
                                                            ==================   ==================    ======================




   Interest paid                                                      $ -                  $ -                  $ 15,422
                                                            ==================   ==================    ======================


</TABLE>


                       See notes to financial statements.



                                        3




<PAGE>



                             GLOBAL GOLD CORPORATION
                          (A DEVELOPMENT STAGE COMPANY)
                          NOTES TO FINANCIAL STATEMENTS

                                 MARCH 31, 2000

NOTE 1 -- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

INTERIM FINANCIAL STATEMENTS:

         The accompanying financial statements are unaudited.  In the opinion of
management,  all  necessary  adjustments  (which  include only normal  recurring
adjustments) have been made to present fairly the financial position, results of
operations and cash flows for the periods  presented.  Certain  information  and
note disclosure normally included in financial statements prepared in accordance
with generally accepted accounting principles have been condensed or omitted. It
is suggested that these consolidated financial statements be read in conjunction
with the financial  statements  and notes  thereto  included in the December 31,
1999 annual report on Form 10-KSB. The results of operations for the three month
period  ended March 31, 2000 are not  necessarily  indicative  of the  operating
results to be expected for the full year.

USE OF ESTIMATES:

         The  preparation of financial  statements in conformity  with generally
accepted  accounting  principles  requires  management  to  make  estimates  and
assumptions that affect the reported  amounts in these financial  statements and
accompanying notes. Actual results could differ from those estimates.

INVESTMENTS:

         At March 31, 2000,  investment in securities  consisted of common stock
of First Dynasty Mind Ltd. classified as available-for-sale and stated at quoted
fair value of $240,000.  The cost of the securities was $194,000. The unrealized
gain as of March 31, 2000 was $44,000 which is shown as a separate  component of
stockholders'  deficit.  The change in net unrealized gains on securities during
the three  months  ended March 31,  2000 was an increase in the holding  gain of
$60,000.

LOSS PER SHARE:

         Basic loss per common  share is computed  by  dividing  net loss by the
weighted-average  number of common shares outstanding during the period. Diluted
loss per share reflects

                                        4


<PAGE>



potential  dilution which could occur if all potentially  issuable common shares
from stock  purchase  warrants  and options  resulted in the  issuance of common
stock. In the present position, diluted loss per share is the same as basic loss
per share because the inclusion of potentially  issuable  common shares at March
31, 2000 and 1999,  respectively,  would have  decreased  the loss per share and
have been excluded from the calculation.

COMPREHENSIVE  INCOME/(LOSS):

         Comprehensive  income/(loss)  provides  a measure  of  overall  Company
performance that includes all changes in equity resulting from  transactions and
events other than capital transactions.

NOTE 2 - STOCKHOLDERS' EQUITY

During the first quarter of 2000, the Company issued 1,000,000 restricted common
shares  to  the  Company's  Chairman  and  Chief  Executive  Officer,  Drury  J.
Gallagher,  for accrued  salary of $162,500 or $0.1625 per share.  Also,  20,000
Common  Shares of Global Gold  Corporation  were  distributed  in  settlement of
obligations owed by the defendants in the Eyre Resources lawsuit.

                                        5


<PAGE>




ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
         OF OPERATIONS

         When  used  in  this  discussion,  the  words  "expect(s)",  "feel(s)",
"believe(s)",   "will",  "may",  "anticipate(s)"  and  similar  expressions  are
intended to identify forward-looking  statements. Such statements are subject to
certain  risks and  uncertainties,  which could cause  actual  results to differ
materially  from those  projected.  Readers  are  cautioned  not to place  undue
reliance on these forward-looking  statements, and are urged to carefully review
and consider the various disclosures elsewhere in this Form 10-QSB.

THREE MONTHS ENDED MARCH 31, 2000 AND THREE MONTHS ENDED MARCH 31, 1999

RESULTS OF OPERATIONS

         During the  three-month  period  ended March 31,  2000,  the  Company's
interest and royalty  income was $338,  which was more than the $11 for the same
period last year.

         The  Company's  administrative  and other  expenses for the three month
period ended March 31, 2000 were $10,586,  which represented a decrease from the
amount  paid or accrued of $30,735 in the same  period  last year.  The  expense
decrease was attributable to lower legal fees of $12,419 and reduced  accounting
expenses of $6,650 due to reduced activity.

         Thus,  the  Company had a loss of $10,048  for the  three-month  period
ended March 31, 2000,  representing  a decrease from the loss of $30,804 for the
three month period ended March 31, 1999.

LIQUIDITY AND CAPITAL RESOURCES

         As of March 31, 2000, the Company's total assets were $240,855 of which
$855 consisted of cash or cash equivalents.

         The Company's plan of operation for calendar year 2000 is:

         (a)    to investigate opportunities, and possibly implement operations,
                in the mineral development and production area; and
         (b)    to investigate other business opportunities in the Internet area
                and possibly implement operations therein.

         The  Company   needs   financing  to  meet  its   anticipated   monthly
administrative expenses of $3,000 (exclusive or accrued officers' compensation),
plus additional amounts for legal and accounting costs. The Company  anticipates
that it might  obtain  additional  financing  in 2000  from the  holders  of its
Warrants  to  purchase  400,000  shares of  Common  Stock of the  Company  at an
exercise  price of $0.125 per share,  which  expire on December  31,  2000.  The
Company recently  extended the expiration  date until December 31, 2000.

                                        6


<PAGE>



If the Warrants were  exercised in full,  the Company  would receive  $50,000 in
gross proceeds. However, the Company does not believe theat the Warrants will be
exercised under existing  circumstances  and thus does not anticipate  receiving
any amount from such source, although there can be no assurance of such result.

         In the event that no  contemplated  financing  is obtained  through the
exercise  of the  Warrants  (which the Company  considers  highly  remote),  the
Company does not have sufficient financial resources to meet its obligations.

The Company does not intend to engage in any research and developing during 2000
and does not expect to purchase or sell any plant or significant equipment.

         The Company does not expect to hire any additional  full-time employees
in 2000.

                                        7


<PAGE>







PART II. OTHER INFORMATION

ITEM 2.    CHANGES IN SECURITIES AND USE OF PROCEEDS

1.       In March, 2000, the Company issued 1,000,000 shares of its Common Stock
         to Drury J. Gallagher,  its Chairman and Chief Executive  Officer,  for
         accrued salary of $162,500 or $.1625 per share.  The shares were issued
         in  reliance  upon  Section  4 (2) of the  Securities  Act of 1933,  as
         amended  (the  "Act"),   and  Rule  506  of  Regulation  D  promulgated
         thereunder.  The Company  believes that Mr.  Gallagher is an accredited
         investor.

2.       In March, 2000, the Company issued 10,000 shares of its Common Stock to
         each of  William  Van Horn and  William  Cormack in  settlement  of the
         obligations  owed to them by Eyre  Resources  N.L., at a price of $0.10
         per share,  based on the  incurrence of such  obligation  over about 18
         months prior thereto. The shares were issued in reliance upon Section 4
         (2) of the  Act  and  Rule  506  promulgated  thereunder.  The  Company
         believes that Messrs. Van Horn and Cormack are accredited investors.

ITEM 6.    EXHIBITS AND REPORTS ON FORM 8-K


(A)           EXHIBIT           DESCRIPTION
              -------           -----------
                 27             Financial Data Schedule

(b)      Reports on Form 8-K
         No  reports  on Form  8-K  were  filed  by the  registrant  during  the
         quarterly period covered by this report.

                                        8


<PAGE>





















                                   SIGNATURES

Pursuant  to the  requirements  of  Section  13 or 15(d) of the  Securities  and
Exchange Act of 1934, the Registrant has duly caused this report to be signed on
its behalf by the undersigned thereunto duly authorized.

DATE:    AUGUST 22, 2000                                GLOBAL GOLD CORPORATION

                                                 By:      /s/ Drury J. Gallagher
                                                   -----------------------------
                                             Drury J. Gallagher, Chairman, Chief
                                                           Executive Officer and
                                                     Financial Officer Principal

                                        9