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 September 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  sorter
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 September 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   FINANACIAL INFORMATION

Item 1.  Financial Statements (Unaudited)

           Balance Sheet - as of  September 30, 2000                           1

           Statements of Income and Loss for the periods
           July 1, 2000 through September 30, 2000 and
           July 1, 1999 through September 30, 1999                             2

           Statements of Income and Loss for the periods  January 1, 2000
           through  September  30,  2000  and  January  1,  1999  through
           September 30, 1999 and for the  development  stage period from
           January 1, 1995 through September 30, 2000                         2a

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

           Notes to Financial Statements                                     4-5

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

PART II  OTHER INFORMATION

Item 1.  Legal Proceedings                                                     8
Item 2.  Changes in Securities and Use of Proceeds                             8
Item 3   Default Upon Senior Securities                                        8
Item 4   Submission of Matters to a Vote of Security Holders                   8
Item 5   Other Information                                                     8
Item 6.  Exhibits and Reports on Form 8-K                                      8

SIGNATURE                                                                      9




<PAGE>

<TABLE>
<CAPTION>





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



                                     ASSETS
<S>                                                                                     <C>

CURRENT ASSETS

Cash                                                                                      $         295
                                                                                           ------------
OTHER ASSETS

    Investment in First Dynasty Mines, Ltd. (Common Shares)
                                                                                                120,000
                                                                                           ------------
                                                                                             $  120,295
                                                                                           ============
                             LIABILITIES AND STOCKHOLDERS' EQUITY/(DEFICIT)

CURRENT LIABILITIES
    Accounts payable and accrued expenses                                                   $    71,994
                                                                                            ------------

STOCKHOLDERS' EQUITY

    Common stock $0.001 par, 100,000,000 shares authorized 4,368,114 shares
    issued and outstanding                                                                        4,368
    Paid-in capital - dormant period                                                          3,236,602
    Paid-in capital - development stage                                                       1,597,703
    Deficit - dormant period                                                                 (2,907,648)
    Deficit - development stage                                                              (1,806,724)
    Unrealized gains/(loss) on securities                                                       (76,000)
                                                                                            ------------
    Total                                                                                        48,301
    deduct cost of treasury stock                                                                   -0-
                                                                                            ------------
                                                                                                48,301
                                                                                            ------------

                                                                                             $  120,295
                                                                                            ============

</TABLE>

                       See notes to financial statements.

                                        1


<PAGE>

<TABLE>
<CAPTION>






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


                                                                           July 1, 2000                 July 1, 1999
                                                                             through                       through
                                                                        September 30, 2000           September 30, 1999
                                                                        ------------------           ------------------
<S>                                                                          <C>                           <C>

REVENUE                                                                        $       -0-                   $       -0-
                                                                                ----------                    ----------
EXPENSES

      Officers' compensation                                                           -0-                           -0-
      Legal                                                                         3,094                         3,041
     Accounting and auditing                                                        1,115
     Transfer agent and securities fees                                                -0-                           -0-
      Proxy costs                                                                      -0-                           -0-
     Rent                                                                              -0-                           -0-
     Office expense                                                                    75                         3,150
     Travel                                                                            -0-                           -0-
                                                                                 ---------                     ---------
OPERATING (LOSS)                                                                   (4,284)                       (6,191)
OTHER INCOME (EXPENSES)
     Interest and royalty income                                                       -0-                           12
     Organization costs                                                                -0-                           -0-
     Interest expense                                                                  -0-                           -0-
     Provision for bad debts                                                           -0-                           -0-
     Write-off investment in Georgia mining interest                                   -0-                           -0-
     Gain on sale of interest in Global Gold Armenia                                   -0-                           -0-
                                                                                 ---------                    ----------
LOSS BEFORE INCOME TAXES                                                           (4,284)                       (6,179)
      Income taxes                                                                    (95)                         (170)
                                                                                 ---------                    ----------
NET LOSS                                                                          $(4,379)                      $(6,349)
                                                                                 =========                    =========
NET LOSS PER SHARE                                                                 $(.001)                       $(.001)
                                                                                 =========                    =========
NET LOSS                                                                          $(4,379)                      $(6,349)
                                                                                 =========                    =========
WEIGHTED AVERAGE NUMBER OF SHARES USED IN COMPUTATION                           4,368,114                     4,348,114
                                                                                 =========                    =========
OTHER COMPREHENSIVE GAIN/(LOSS), NET OF TAX
      Unrealized gain/(loss) on available
         For-Sale Securities                                                           -0-                      (16,000)
                                                                                 ---------                    ---------
COMPREHENSIVE  LOSS                                                               $(4,379)                     $(22,349)
                                                                                 =========                    ==========
</TABLE>

                       See notes to financial statements.

                                        2


<PAGE>
<TABLE>
<CAPTION>






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


                                                                                                           JANUARY 1, 1995
                                                            JANUARY 1, 2000         JANUARY 1, 1999      (DEVELOPMENT STAGE)
                                                               THROUGH                  THROUGH                THROUGH
                                                         SEPTEMBER 30, 2000       SEPTEMBER 30, 1999      SEPTEMBER 30, 2000
                                                         ------------------       ------------------      ------------------
<S>                                                        <C>                      <C>                     <C>

REVENUE                                                      $        -0-             $        -0-            $        -0-
                                                              -----------              -----------             -----------
EXPENSES

     Officers' compensation                                           -0-                      -0-                550,834
     Legal                                                        12,797                   33,402                 618,000
     Accounting and auditing                                       6,715                    7,250                 138,163
     Transfer agent and securities fees                              156                       -0-                 12,602
     Proxy costs                                                     -0-                      -0-                 26,555
     Rent                                                             -0-                      -0-                 54,000
     Office expense                                                7,853                   19,919                 152,950
     Travel                                                           -0-                      -0-                 43,234
                                                              -----------              -----------             ----------
OPERATING (LOSS)                                                 (27,521)                 (60,571)             (1,596,338)
OTHER INCOME (EXPENSES)
     Interest and royalty income                                     338                       35                   5,766
     Organization costs                                               -0-                      -0-                 (4,800)
     Interest expense                                                 -0-                      -0-                (15,422)
     Provision for bad debts                                          -0-                      -0-               (325,000)
     Write-off investment in Georgia mining interest                                                             (135,723)
                                                                      -0-                      -0-
     Gain on sale of interest in Global Gold Armenia
                                                                      -0-                      -0-                268,874
                                                                ---------                ---------                -------
LOSS BEFORE INCOME TAXES                                         (27,183)                 (60,536)             (1,802,643)
     Income taxes                                                     10                     (510)                 (4,081)
                                                                ---------                 ---------            ------------
NET LOSS                                                        $(27,173)                $(61,046)            $(1,806,724)
                                                               ==========               ==========             ===========
NET LOSS PER SHARE                                              $(  .006)               $(   .014)
                                                               ==========               ==========
WEIGHTED AVERAGE NUMBER OF SHARES USED IN COMPUTATION          4,368,114                4,348,114
                                                               ==========               ==========
NET LOSS                                                        $(27,173)                $(61,046)            $(1,806,724)

OTHER COMPREHENSIVE GAIN/(LOSS), NET OF TAX
Unrealized gain/(loss) on available
   For-sale securities                                          $(60,000)                 $16,000                $(76,000)
                                                                 --------               ---------              -----------
COMPREHENSIVE GAIN/(LOSS)                                       $(87,173)                $(77,046)            $(1,882,724)
                                                                 ========               ==========             ===========
</TABLE>

                       See notes to financial statements.

                                       2a


<PAGE>


                             GLOBAL GOLD CORPORATION
                          (A Development Stage Company)
                             Statements of Cash Flow
<TABLE>
<CAPTION>
                                                                                                             January 1, 1995
                                                            January 1, 2000         January 1, 1999        (development stage
                                                                through                  through                 through
                                                          September 30, 2000       September 30, 1999      September 30, 2000)
                                                          ------------------       ------------------      ------------------
<S>                                                               <C>                      <C>                  <C>

CASH FLOW FROM DEVELOPMENT STAGE ACTIVITIES:
Net  Loss                                                           $(27,173)                $(61,046)            $(1,806,724)
Adjustments to reconcile net loss to net
cash provided by operating activities:
    Provision for bad debts included in net loss                          -0-                      -0-                325,000
    Write-off of mining investment in Georgia                             -0-                      -0-                135,723
    Gain on sale of Armenia mining interests                              -0-                      -0-               (268,874)
Changes in assets and liabilities:
    Organization costs                                                    -0-                      -0-                 (9,601)
    Accounts receivable and deposits                                      -0-                  21,612                    (154)
    Accounts payable, accrued expenses and
    Miscellaneous                                                     26,036                   15,953                 333,097
                                                                    --------                 --------               ---------
    NET CASH USED  IN DEVELOPMENT STAGE
    ACTIVITIES                                                     (   1,137)                 (23,481)             (1,291,533)
                                                                    ---------                ---------              ----------
CASH FLOW FROM INVESTING ACTIVITIES:
    Proceeds from sale of Armenia mining interest
    (net of Note Receivable)
                                                                          -0-                      -0-              1,891,155
    Investment in certain mining interests- net of
    Financing                                                             -0-                      -0-               (153,494)
    Deferred costs - mining interest                                      -0-                      -0-               (878,858)
                                                                    ---------                ---------               ---------
    NET CASH PROVIDED BY INVESTING ACTIVITIES
                                                                          -0-                      -0-                858,803
                                                                    ---------                ---------                -------
CASH FLOW FROM FINANCING ACTIVITIES:
    Net proceeds from private placement offering
                                                                          -0-                      -0-                421,573
    Warrants exercised                                                    -0-                      -0-                    100
                                                                    ---------                ---------             ----------
    NET CASH PROVIDED BY FINANCING ACTIVITIES                            -0-                      -0-                 421,673
                                                                    ---------                ---------                -------
NET DECREASE  IN CASH
                                                                      (1,137)                 (23,481)                (11,057)
CASH - beginning                                                       1,432                   24,623                  11,352
                                                                   ---------                ---------                 -------
CASH - end                                                           $   295                  $ 1,142                $    295
                                                                   =========                =========                 =======
SUPPLEMENTAL CASH FLOW INFORMATION
    Income taxes paid                                               $    (10)                 $   510                $  2,673
                                                                   =========                ==========                =======
    Interest paid                                                  $      -0-               $      -0-                $15,422
                                                                   =========                ==========                =======
</TABLE>


                       See notes to financial statements.

                                        3


<PAGE>





                             GLOBAL GOLD CORPORATION
                          (A Development Stage Company)
                          Notes to Financial Statements
                               September 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 nine month period
                   ended  September 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 September 30, 2000  investment in securities  consisted of
                   common  stock of First  Dynasty  Mines,  Ltd.  classified  as
                   available  for sale and  stated  at a  quoted  fair  value of
                   $120,000.  The  cost  of the  securities  was  $196,000.  The
                   unrealized loss as of September 30, 2000 was $76,000 which is
                   shown as a separate component of stockholders' deficit.

                                        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 September  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 the  Company,  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.

                              NINE MONTHS ENDED SEPTEMBER 30, 2000
                            AND NINE MONTHS ENDED SEPTEMBER 30, 1999

                   RESULTS OF OPERATIONS

                       During  the  three-month  period  July  1,  2000  through
                       September  30, 2000,  the  Company's  administrative  and
                       other  expenses were $4,284 which  represented a decrease
                       from the  amount  paid or  accrued  of $6,179 in the same
                       period last year. The expense  decrease was  attributable
                       to lower office  expenses of $3,075  partially  offset by
                       increased accounting fees of $1,115.

                       During the nine month  period ended  September  30, 2000,
                       the Company's interest and royalty income was $338, which
                       was more than the $35 for the same period last year.

                       The Company's  administrative  and other expenses for the
                       nine month period ended  September 30, 2000 were $27,521,
                       which  represented  a decrease  from the  amount  paid or
                       accrued  of  $60,571 in the same  period  last year.  The
                       expense  decrease was attributable to lower legal fees of
                       $20,605,   office  expenses  of  $12,066  and  accounting
                       expenses of $535 due to reduced activity.

                       Thus,  the  Company  had a loss of  $27,173  for the nine
                       month  period ended  September  30, 2000  representing  a
                       decrease  from the  loss of  $61,046  for the nine  month
                       period ended September 30, 1999.

                                       6
<PAGE>




                       LIQUIDITY AND CAPITAL RESOURCES

                    As of September 30, 2000,  the  Company's  total assets were
                    $120,295,   of  which  $295   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 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. 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 1.        Legal Proceedings

                        None

   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 3         Default Upon Senior Securities

                        None

   Item 4         Submission of Matters to a Vote of Security Holders

                        None

   Item 5         Other Information

                        None

    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.


                                       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.

GLOBAL GOLD CORPORATION


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



                                       9