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 June 30, 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 June 30, 2000 there were 4,368,114 Shares of the registrant's Common Stock
outstanding.

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


<PAGE>



                                TABLE OF CONTENTS

PART I   Financial Information

Item 1.  Financial Statements

         Balance Sheet - as of June 30, 2000                                   1

         Statement of Income and (Loss) for the periods April 1, 2000
         through June 30, 2000 and April 1, 1999 through June 30,1999         2a

         Statement of Income and (Loss) for the periods January 1, 2000
         through  June 30,  2000 and January 1, 1999  through  June 30,
         1999 and for the development stage period from January 1, 1995
         through June 30, 2000                                                2b

         Statement  of Cash  Flow - for the  periods  January  1,  2000
         through  June 30,  2000 and January 1, 1999  through  June 30,
         1999 and the development stage period from
         January 1, 1995 through June 30, 2000                                 3

         Notes to Financial Statements (unaudited)                           4-5

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



<PAGE>


                             GLOBAL GOLD CORPORATION
                          (A Development Stage Company)
                                  Balance Sheet
                                  June 30, 2000
                                   (Unaudited)

                                     ASSETS

CURRENT

CASH                                                              $         314
                                                                    ------------

Other Assets

         Investment in First Dynasty Mines, Ltd.
         COMMON SHARES                                                  120,000
                                                                    ------------

  TOTAL ASSETS                                                       $  120,314
                                                                    ------------

LIABILITIES AND STOCKHOLDERS' DEFICIT

CURRENT LIABILITIES

  ACCOUNTS PAYABLE AND ACCRUED EXPENSES                             $    67,634
                                                                      ----------


STOCKHOLDERS' EQUITY - Exhibit C

  Common stock $0.001 par, 100,000,000 shares authorized
    4,358,114 shares issued and outstanding                               4,368

  Paid capital - dormant period                                       3,236,602

  Paid capital - development stage                                    1,597,703

  Deficit - dormant period                                           (2,907,648)

  DEFICIT - DEVELOPMENT STAGE                                        (1,802,345)


  Unrealized gain/(loss) on securities                                  (76,000)


  DEDUCT COST OF TREASURY STOCK                                               -
                                                                    ------------

  SHAREHOLDERS' EQUITY/(DEFICIT)                                         52,680
                                                                    ------------

TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT                           $ 120,314
                                                                    ============


                      See Notes to the Financial Statements

                                       1
<PAGE>





                             GLOBAL GOLD CORPORATION
                          (A Development Stage Company)
                         Statement of Income and (Loss)

                                            April 1, 2000          April 1, 1999
                                               through                through
                                            June 30, 2000          June 30, 1999
                                            -------------          -------------

REVENUE                                     $      -                  $      -
                                            -------------          -------------

EXPENSES

  Legal                                            6,119                 14,358

  Accounting and auditing                          5,000                      -

  Transfer agent and securities fees                 156                      -

  Office expense                                   1,376                  9,287
                                            -------------          -------------

OPERATING (LOSS)                            (    12,651)                (23,645)

OTHER INCOME (EXPENSES)

  Interest and royalty income                         -                      12

INCOME/(LOSS) BEFORE
 INCOME TAXES                               (   12,651)                 (26,633)

  INCOME TAXES                                      95                (     170)
                                             ------------            -----------

NET LOSS                                     $( 12,746)                $(23,803)
                                             ============            ===========

NET LOSS
  PER SHARE                                 $(     .003)             $(    .005)
                                             ============            ===========

NET LOSS                                    $  ( 12,746)               $(23,803)


OTHER COMPREHENSIVE
  LOSS, NET OF TAX

 Unrealized gain/(loss) on available-

  FOR-SALE SECURITIES                       $  (104,000)               $      -
                                              -----------            -----------

COMPREHENSIVE

        LOSS                                $  (116,746)               $(23,803)
                                              ===========            ===========






                      See Notes to the Financial Statements

                                       2a
<PAGE>
<TABLE>
<CAPTION>





                             GLOBAL GOLD CORPORATION
                          (A Development Stage Company)
                         Statement of Income and (Loss)

                                    January 1, 2000           January 1, 1999         January 1, 1995
                                    through                   through                 (development stage)
                                    JUNE 30, 2000             JUNE 30, 1999           THROUGH JUNE 30, 2000
                                    -------------             -------------           ---------------------
<S>                               <C>                          <C>                     <C>

REVENUE                             $         -                  $      -                $        -
                                    -------------             -------------           ---------------------
EXPENSES

 Officers' compensation                       -                         -                   550,834
  Legal                                   9,703                    30,361                   614,906
  Accounting and auditing                 5,600                     7,250                   137,048
  Transfer agent and securities fees        156                         -                    12,602
  Proxy costs                                 -                         -                    26,555
  Rent                                        -                         -                    54,000
  Office expense                          7,778                    16,769                   152,875
  Travel                                      -                         -                    43,234
                                      -------------            -------------            ------------

OPERATING (LOSS)                    (    23,237)               (   54,380)             (  1,592,054)

OTHER INCOME (EXPENSES)

  Interest and royalty income               338                        23                     5,766
  Organization costs                          -                         -               (     4,800)
  Interest Expense                            -                         -               (    15,422)
  Provision for bad debts                     -                         -               (   325,000)
  Write-off investment in Georgia
    mining interests                          -                         -               (   135,723)
  Gain on sale of interest in
    Global Gold Armenia                       -                         -                   268,874

 LOSS BEFORE
 INCOME TAXES                         (  22,899)               (   54,357)             (  1,798,359)

  INCOME TAXES                              105                (      340)             (      3,986)
                                      ---------                -----------             -------------
NET LOSS                             $(  22,794)              $(   54,697)              $(1,802,345)

NET LOSS
  PER SHARE                         $(     .005)              $(     .013)
                                      ==========               ===========

NET LOSS                            $(   22,794)              $(   54,697)              $(1,802,345)
                                      ==========               ===========              ============
OTHER COMPREHENSIVE
GAIN/(LOSS), NET OF TAX
 Unrealized gain/(loss) on available-

  FOR-SALE SECURITIES               $(  60,000)                $        -               $(   76,000)
                                    ----------                  -----------             ------------
COMPREHENSIVE
  LOSS      )                       $(  82,794)               $(   54,697)              $(1,878,345)
                                      =========                   ===========           ============
</TABLE>
                      See Notes to the Financial Statements

                                        2b
<PAGE>
<TABLE>
<CAPTION>

                                              GLOBAL GOLD CORPORATION
                                           (A Development Stage Company)
                                              Statement of Cash Flow

                                                                                             January 1, 1995
                                            January 1,               January 1,              (development
                                            2000 through             1999 though             stage through
                                            June 30, 2000            June 30, 1999           June 30, 2000)
                                            --------------------     -------------------     ---------------------
CASH FLOW FROM
DEVELOPMENT STAGE
ACTIVITIES:
<S>                                             <C>                    <C>                    <C>
Net Loss                                          $( 22,794)             $(    54,697)          $(1,802,345)

Adjustments  to reconcile  net income/
(loss) to net cash provided by operating
activities:

  Increase (decrease) in:
  Provision for bad debt included
    in net loss                                           -                         -               325,000

  Write-off of mining investment
    in Georgia                                            -                         -               135,723

  Organization costs                                      -                         -           (     9,601)

  Gain on sale of Armenia mining
    interests                                             -                         -           (   268,874)

  Accounts receivable and deposits                        -                    21,406           (       154)

  Accounts payable, accrued

  Expenses and miscellaneous                         21,676                    15,191               328,737
                                               -------------            -------------          -------------
  Net cash (used) by development
    stage activities                           (      1,118)             (     18,100)           (1,291,514)
                                               -------------            -------------          --------------

CASH FLOW FROM INVESTING ACTIVITIES:

 Proceeds from sale of Armenia
    mining interests (net of Note
    Receivable)                                           -                         -             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 (used) by Financing
 activities                                               -                         -               421,673
                                              --------------              --------------           ------------
NET INCREASE (DECREASE)
  IN CASH                                     (       1,118)               (   18,100)         (     11,038)

CASH - BEGINNING                                      1,432                    24,623                11,352
                                             --------------               --------------           ------------
CASH - END                                  $           314                 $   6,523           $       314
                                             ==============               ==============           =============
SUPPLEMENTAL CASH FLOW INFORMATION
  INCOME TAXES PAID                         $          (105)                $     340           $     2,578
                                             ==============               ==============           ==============
  INTEREST PAID                             $             -                 $       -           $    15,422
                                             ==============               ==============           ==============
</TABLE>

                       See Notes to Financial Statements.

                                       3
<PAGE>



                             GLOBAL GOLD CORPORATION
                          (A Development Stage Company)
                          Notes to Financial Statements
                                  June 30, 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 and six month
                  periods ended June 30,2000 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 June 30, 2000, investment in securities consisted of common
                  stock   of   First   Dynasty   Mines,   Ltd.   classified   as
                  available-for-sale   and  stated  at  quoted   fair  value  of
                  $120,000.  The  cost  of  the  securities  was  $196,000.  The
                  unrealized  loss as of June  30,  2000 was  $76,000,  which is
                  shown as a separate  component of stockholders'  deficit.  The
                  change in net  unrealized  loss on  securities  during the six
                  months ended June 30, 2000 was an increase in the holding loss
                  of $60,000.

                                        4


<PAGE>



                  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  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 June 30,
                  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 out of its treasury 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.

                         SIX MONTHS ENDED JUNE 30, 2000
                       AND SIX MONTHS ENDED JUNE 30, 1999

RESULTS OF OPERATIONS

         During the three-month  period April 1, 2000 through June 30, 2000, the
         Company's   administrative   and  other  expenses  were  $12,651  which
         represented  a decrease  from the amount  paid or accrued of $23,645 in
         the same period last year.  The expense  decrease was  attributable  to
         lower  legal  fees of  $8,239  and  lower  office  expenses  of  $7,911
         partially offset by increased accounting fees of $5,000.

         During the six-month period ended June 30, 2000, the Company's interest
         and royalty  income was $338,  which was more than the $23 for the same
         period last year.

         The  Company's  administrative  and other  expenses  for the  six-month
         period ended June 30, 2000 were $23,237,  which  represented a decrease
         from the amount  paid or accrued  of  $54,380 in the same  period  last
         year.  The expense  decrease  was  attributable  to lower legal fees of
         $20,658,  office  expenses of $8,991 and accounting  expenses of $1,650
         due to reduced activity.

         Thus, the Company had a loss of $22,794 for the six-month  period ended
         June 30, 2000  representing a decrease from the loss of $54,697 for the
         six-month period ended June 30, 1999.

LIQUIDITY AND CAPITAL RESOURCES

         As of June 30, 2000, the Company's total assets were $120,314, of which
         $314 consisted of cash or cash equivalents.

                                        6


<PAGE>



         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  investment  opportunities in the mineral
                development and production areas.

         The  Company   needs   financing  to  meet  its   anticipated   monthly
         administrative  expenses  of $3,000  (exclusive  of  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. If the Warrants were exercised
         in full, the Company would receive $50,000 in gross proceeds.  However,
         the Company does not believe that the Warrants will be exercised  under
         existing  circumstances,  thus it does not  anticipate  that any amount
         thereof will be exercised,  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  development
         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.I., 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

1.       EXHIBIT                    DESCRIPTION

         27                         Financial Data Schedule

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

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.

GLOBAL GOLD CORPORATION
(Registrant)

By:      ______________________________
         Drury J. Gallagher, Chairman, Chief
         Executive Officer and Treasurer

                                        8