UNITED STATES
                       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, 2005

[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT
           For the transition period from ____________ to ____________

                         Commission file number 02-69494



                             GLOBAL GOLD CORPORATION
                             -----------------------
              (Exact name of small business issuer in its charter)

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

                    104 Field Point Road, Greenwich, CT 06830
                    -----------------------------------------
                    (Address of principal executive offices)

                                 (203) 422-2300
                           --------------------------
                           (Issuer's telephone number)

                                 Not applicable
 ------------------------------------------------------------------------------
      (Former name, former address and former fiscal year, if changed since
                                  last report)

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 a court. Yes [ ] No [ ]. Not applicable.

As of November 10, 2005 there were 17,851,301 shares of the issuer's Common
Stock outstanding.

Transitional Small Business Disclosure Format (Check one): Yes [ ] No [X].

<PAGE>

                                TABLE OF CONTENTS

                          PART I FINANCIAL INFORMATION

Item 1. Condensed Consolidated Financial Statements (Unaudited)
         Condensed Consolidated Balance Sheet - as of September 30, 2005 .....3

        Condensed Consolidated Statements of Operations for the three months
         and nine months ended September 30, 2005 and September 30, 2004
         and for the development stage period from January 1, 1995 through
         September 30, 2005 ..................................................4

        Condensed Consolidated Statements of Cash Flows for the nine
         months ended September 30, 2005 and September 30, 2004 and for
         the development stage period from January 1, 1995 through
         September 30, 2005 ..................................................5

        Notes to Condensed Consolidated Financial Statements (Unaudited) ...6-8

Item 2. Management's Discussion and Analysis or Plan of Operation .........8-10

Item 3. Controls and Procedures .............................................10

                                            PART II OTHER INFORMATION

Item 1. Legal Proceedings ...................................................10

Item 2. Changes in Securities................................................10

Item 3. Defaults Upon Senior Securities .....................................10

Item 4. Submission of Matters to a Vote of Security Holders .................10

Item 5. Other Information ...................................................10

Item 6. Exhibits and Reports on Form 8-K ....................................11

SIGNATURES

CERTIFICATIONS

                                       2

<PAGE>

                         PART I - FINANCIAL INFORMATION

Item 1. Financial Statements.

                             GLOBAL GOLD CORPORATION
                          (A Development Stage Company)

                 Unaudited Condensed Consolidated Balance Sheet

                               September 30, 2005


                                     ASSETS
                                     ------
CURRENT ASSETS
Cash .................................................................1,523,129
Receivables .............................................................19,683
Inventories ..............................................................8,511
                                                                     -----------
      TOTAL CURRENT ASSETS............................................1,551,323

Plant and Equipment ....................................................561,051
Other assets ...........................................................210,130
Mine acquisition costs ...............................................2,876,429
                                                                     -----------
                                                                     $5,198,933

                      LIABILITIES AND STOCKHOLDERS' EQUITY
                      ------------------------------------

CURRENT LIABILITIES:
Accounts payable and accrued expenses................................$   18,348
Note Payable, net of unamortized discount of $252,423.................1,747,577


STOCKHOLDERS' EQUITY
         Common stock $0.001 par, 100,000,000 shares authorized,
                  17,631,301 shares issued and outstanding...............17,631
         Additional paid-in-capital .................................11,355,984
         Unearned compensation.........................................(595,919)
         Accumulated deficit.........................................(2,907,648)
         Deficit accumulated during the development stage ...........(4,437,040)
                                                                     -----------
                  TOTAL STOCKHOLDERS' EQUITY .........................3,433,008
                                                                     -----------
                                                                     $5,198,933
                                                                     ===========

                   The accompanying notes are an integral part
              of these condensed consolidated financial statements.

                                       3

<PAGE>

                             GLOBAL GOLD CORPORATION
                          (A Development Stage Company)

            Unaudited Condensed Consolidated Statements of Operations
<TABLE>
<CAPTION>

                                                                                                              Cumulative amount
                                                                                                                     from
                                        July 1, 2005      July 1, 2004      January 1, 2005    January 1,2004  January 1, 1995
                                           through          through             through             through         through
                                        September 30,     September 30,      September 30,     September 30,    September 30,
                                            2005              2004               2005               2004            2005
                                        -------------     -------------     ---------------    --------------  -----------------
<S>                                     <C>        <C>    <C>        <C>    <C>          <C>   <C>         <C> <C>            <C>
REVENUES                                $         -0-     $         -0-     $           -0-    $          -0-  $             -0-
EXPENSES:

Selling general and administrative
                                             271,990           120,089             678,798           525,452          3,230,175
Mine exploration costs                       344,340             5,264             507,460            36,169            738,752
Legal fees                                     5,608             3,575              55,318            23,116            772,245
Write-off investment in Georgia
   mining interests
                                                 ---               ---                 ---               ---            135,723
Gain on sale of interest in Global
   Gold Armenia
                                                 ---               ---                 ---               ---           (268,874)
(Gain) loss on sale of interest in
   Sterlite Gold Ltd.
                                                 ---               ---                 ---            (8,748)           (50,767)
Gain on extinguisment of debt
                                                 ---                                   ---                             (110,423)
Interest Income                               (3,654)              ---              (9,232)              ---             (9,791)
                                        -------------     -------------     ---------------    --------------  -----------------
         TOTAL EXPENSES                      618,284           128,928           1,232,344           575,989          4,437,040

NET LOSS                                    (618,284)         (128,928)         (1,232,344)         (575,989)        (4,437,040)
                                        =============     =============     ===============    ==============  =================
NET LOSS PER SHARE-BASIC AND
   DILUTED                                    $(0.04)           $(0.01)             $(0.09)           $(0.06)
                                        =============     =============     ===============    ==============
WEIGHTED AVERAGE SHARES OUTSTANDING
                                          16,219,018         9,281,301          14,356,393         9,268,663
                                        =============     =============     ===============    ==============

</TABLE>


                   The accompanying notes are an integral part
              of these condensed consolidated financial statements.

                                       4

<PAGE>

                             GLOBAL GOLD CORPORATION
                          (A Development Stage Company)
            Unaudited Condensed Consolidated Statements of Cash Flows

<TABLE>
<CAPTION>

                                                        January 1, 2005           January 1, 2004         Cumulative Amount
                                                            through                   through                    from
                                                       September 30, 2005       September 30, 2004         January 1, 1995
                                                                                                              through
                                                                                                         September 30, 2005
                                                       -------------------      -------------------      -------------------
NET CASH FLOWS FROM OPERATING ACTIVITIES:
<S>                                                    <C>                      <C>                      <C>
Net Loss.............................................. $       (1,232,344)      $         (575,989)      $       (4,437,040)
Adjustments to reconcile net loss
to net cash used in operating activities:
     Provision for bad debts..........................                ---                      ---                  325,000
     Amortization of unearned compensation............            207,315                  230,799                  689,873
     Amortization of discount.........................             21,577                      ---                   21,577
     Gain on extinguishment of debt...................                ---                      ---                 (110,423)
     Gain on sale of Armenia mining
       interests......................................                ---                      ---                 (268,874)
     Write-off of mining investment in
       Georgia........................................                ---                      ---                  135,723
     (Gain) loss on sale of investment
       in common stock of Sterlite Gold Ltd                           ---                   (8,748)                 (50,767)
     Non-cash expenses related to issuance of
       common stock...................................                ---                      ---                  174,500
Changes in assets and liabilities:
     Organization costs...............................                ---                      ---                   (9,601)
     Accounts receivable and deposits.................                ---                      ---                     (154)
     Accounts payable and accrued expenses............             11,906                   75,725                  358,965
                                                       -------------------      -------------------      -------------------
  NET CASH FLOWS USED IN OPERATING ACTIVITIES                    (991,546)                (278,213)              (3,171,221)
                                                       -------------------      -------------------      -------------------
NET CASH FLOWS FROM INVESTING ACTIVITIES:
     Proceeds from sale of Armenia mining
       interests......................................                ---                      ---                1,891,155
     Proceeds from sale of investment in
       common stock of Sterlite Gold Ltd..............                ---                   34,879                  246,767
     Investment in certain mining interests...........         (1,500,000)                     ---               (1,653,494)
     Mine acquisition costs...........................                407                  (66,075)              (1,239,035)
                                                       -------------------      -------------------      -------------------
  NET CASH PROVIDED BY (USED IN)
       INVESTING ACTIVITIES                                    (1,499,593)                 (31,196)                (754,607)
                                                       -------------------      -------------------      -------------------
NET CASH FLOWS FROM FINANCING ACTIVITIES:
     Net proceeds from private placement
       offering.......................................          3,000,000                      ---                5,484,073
     Repurchase of common stock.......................                ---                      ---                  (25,000)
     Due to related parties...........................                ---                  167,667                  (22,218)
     Sale of warrants.................................                ---                      ---                      650
     Warrants exercised...............................                ---                      ---                      100
                                                       -------------------      -------------------      -------------------
  NET CASH FLOWS PROVIDED BY FINANCING
       ACTIVITIES                                               3,000,000                  167,667                5,437,605
                                                       -------------------      -------------------      -------------------
NET INCREASE (DECREASE) IN CASH.......................            508,861                 (141,742)               1,511,777
CASH AND CASH EQUIVALENTS - beginning of
     period...........................................          1,014,268                  147,247                  11,352
                                                       -------------------      -------------------      -------------------
CASH AND CASH EQUIVALENTS - end of period............. $        1,523,129       $            5,505       $       1,523,129
                                                       -------------------      -------------------      -------------------
SUPPLEMENTAL CASH FLOW INFORMATION
Income taxes paid.....................................                 $0                       $0       $           2,683
                                                       ===================      ===================      ===================
Interest paid.........................................                 $0                       $0       $          16,502
                                                       ===================      ===================      ===================
Noncash Transactions:

Stock issued for unearned compensation................ $          555,000       $          125,000       $       1,377,500
                                                       ===================      ===================      ===================
Stock issued for closing fees......................... $              ---       $              ---       $          45,000
                                                       ===================      ===================      ===================
Stock forfeiture...................................... $              ---       $              ---       $         131,708
                                                       ===================      ===================      ===================
Stock issued for mine acquisition costs............... $              ---       $              ---       $         113,197
                                                       ===================      ===================      ===================
Stock issued in exchange for accounts payable......... $              ---       $           76,608       $         138,500
                                                       ===================      ===================      ===================
</TABLE>


                   The accompanying notes are an integral part
              of these condensed consolidated financial statements.

                                       5

<PAGE>

                             GLOBAL GOLD CORPORATION
                          (A Development Stage Company)
              Notes to Condensed Consolidated Financial Statements
                                   (Unaudited)
                               September 30, 2005



1. BASIS FOR PRESENTATION

The accompanying  financial  statements present the development stage activities
of the Company  and its wholly  owned  subsidiaries  from  January 1, 1995,  the
period commencing the Company's  operations as Global Gold Corporation,  through
September 30, 2005.

The  accompanying  financial  statements are unaudited and have been prepared in
accordance with generally accepted  accounting  principles for interim financial
information and instructions to Form 10-QSB.  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  footnote
disclosure normally included in financial statements prepared in accordance with
accounting  principles  generally  accepted in the United States of America have
been condensed or omitted.  However,  the Company  believes that the disclosures
are adequate to make the information  presented not misleading.  These financial
statements should be read in conjunction with the financial statements and notes
thereto  included in the  December 31, 2004 annual  report on Form  10-KSB.  The
results of operations for the nine-month period ended September 30, 2005 are not
necessarily indicative of the operating results to be expected for the full year
ended December 31, 2005.

2. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

Transactions with Officers and Directors

On August 1, 2005, the Company's  subsidiary GGM entered  three-year  employment
agreements  in Armenia  with Messrs.  Simon  Cleghorn  and Frank  Pastorino,  as
Director  of  Mining  and  Exploration  and  Director  of  Business  Operations,
respectively.  The terms of both contracts are identical,  with  compensation at
$100,000 per year and restricted  stock awards of the Company's shares of 45,000
each  vesting at a rate of 15,000  shares per year.  Each  contract is for three
years and provides that each employee  shall devote 80% of his available time to
his  duties.  Mr.  Cleghorn  received  his  Bachelor of  Engineering  in Mineral
Exploration and Mining Geology with honors from the Western  Australia School of
Mines in 1989 and has worked in Armenia since 1997. Mr.  Pastorino  received his
Bachelor of Science degree in 1999 and Masters of Business Administration degree
in 1999 both from the  University of Louisville  and has worked in Armenia since
2002, starting as a US Peace Corps volunteer.

On August 1, 2005,  the Company  entered  two-year  employment  agreements  with
Messrs.  Lester S. Caesar,  CPA as the Chief Financial Officer and Jan Dulman as
the  Controller.  Mr.  Caesar will receive  $48,000 per year and Mr. Dulman will
receive  $12,000 per year.  Both  contracts  are  identical in that they include
restricted  stock awards of the Company's  shares of 40,000 vesting at a rate of
10,000  shares per six months.  Each contract is for two years and provides that
each employee shall devote 20% of his available time to his duties.

Cash compensation  expense for the nine months ended September 30, 2005 and 2004
was $244,278 and $200,000.

The amount of total  unearned  compensation  amortized for the nine months ended
September 30, 2005 and 2004 was $207,315 and $362,507, respectively.

                                       6

<PAGE>

3.  EQUITY TRANSACTIONS


On July 29, 2005, the Company closed a private  placement  raising three million
dollars to fund  acquisition of the Tukhmanuk mining property in Armenia as well
as to further  its  current  mining and  exploration  projects  and for  working
capital.  The transaction involved the issuance of four million shares of common
stock at $0.75 per share.  Each new share  issued  carries a warrant to purchase
one  half  of one  additional  share  at  $1.50  per  share.  The  warrants  are
exercisable on or before July 31, 2007.


 4.  AGREEMENTS

On March 28, 2005, the Company's subsidiary Minero Global Chile Limitada entered
an agreement with Adrian Soto Torino to provide mine preparation work and mining
on the previously  mined vein structure at the Santa  Candalaria  mine in Region
III of Chile.  On September  30, 2005,  this contract for small scale mining was
terminated  based  on  the   contractor's   inability  to  meet  the  production
requirements.  This  termination  did not affect  the  ongoing  exploration  and
drilling program at the property.

On August 1, 2005,  the  Company's  subsidiary  Global Gold Mining,  LLC ("GGM")
entered  an  agreement  to  acquire  the  Tukhmanuk  gold  mining  property  and
surrounding  exploration  sites.  The  Tukhmanuk  property is adjacent to Global
Gold's Hankavan  property in central Armenia,  between the Aragatsotn and Kotayk
provinces.  In addition  to the central  property,  the  acquisition  includes a
200,000  tonne  per year  capacity  plant  and the  Damlik,  Mirak,  Grebnevaya,
Ozyornaya,  Emin Yourt, Voskedzor,  and Dalma exploration sites. The property is
held by the Armenian company Mego-Gold, LLC, ("MG") for which GGM, agreed to pay
$3,500,000.  GGM initially paid  $1,500,000 for 51% of MG and paying the balance
of the purchase  price for the remaining 49% within two years.  The  transaction
closed on August 8, 2005 when GGM  transferred the first  $1,500,000  payment to
the  sellers in exchange  for 51% of MG and  issuance  of the  necessary  mining
licenses by the Armenian  Government  to MG. The company is obligated to pay the
balance of the  purchase  price of  $2,000,000  in August  2007.  Such amount is
reflected in the financial  statements at its present value of $1,747,577  which
includes  imputed  interest  at  7.5%  per  annum  compounded  semi-annually  to
maturity.

As of August 15, 2005, Global Gold Mining, LLC ("GGM") (which is wholly owned by
Global Gold Armenia, LLC which in turn is wholly owned by Global Gold
Corporation) entered into a joint venture agreement with Caucusus Resources Pty
Ltd. an Australian company (which is a subsidiary of Iberian Resources Limited
also an Australian company) ("CR") to form the "Aigedzor Mining Company, LLC on
an 80% CR, 20% GGM basis in anticipation of jointly acquiring and developing (a)
the Armenian limited liability company Sipan 1, LLC which is the licensee for
the Litchkvadz-Tey and Terterasar mining properties as well as the associated
plant and assets in southern Armenia; and (b) mineral exploration and related
properties within a 20 kilometer radius of the southern Armenian town of
Aigedzor, all as described in the exhibit filed on Form 8-K.


5.  SUBSEQUENT EVENTS -


(a) Pursuant to the option initially held by Global Gold Corporation, on October
27, 2005, the Aigedzor Mining Company, LLC ("AMC") entered into a share purchase
agreement (the " Sipan 1 SPA") with Mr. Albert Sakhkalian,  the sole shareholder
of the Armenian  company  Sipan 1, LLC ("Sipan 1") to acquire 100% of the shares
of Sipan 1. Sipan 1 is the licensee for the Litchkvadz-Tey and Terterasar mining
properties as well as the owner of the  associated  plant and assets in southern
Armenia.  AMC is a joint venture  formed as of August 15, 2005,  between  Global
Gold  Mining,  LLC ("GGM")  (which is wholly owned by Global Gold  Armenia,  LLC
which in turn is wholly owned by Global Gold Corporation) and Caucasus Resources
Pty Ltd. an Australian company (which is subsidiary of Iberian Resources Limited
also an Australian company) ("CR"). The parties formed AMC on an 80% CR, 20% GGM
basis in anticipation of jointly  acquiring and developing (a) Sipan 1 ; and (b)
mineral  exploration and related  properties within a 20 kilometer radius of the
southern Armenian town of Aigedzor.  GGM is contributing $260,000 in addition to
all  of  its  other  costs  related  to  the  Sipan  1  acquisition,  and  CR is
contributing  all other costs related to the  acquisition and development of the
properties  until  production  commences,  whereupon  the parties  will  finance
further development in proportion to their interests.

                                       7

<PAGE>

Key terms of the Sipan 1 SPA include a total purchase price of $4,550,000,  with
$3,500,000  payable at the closing  through an escrow  account being held at the
HSBC bank in Yerevan,  a credit to the buyer for the $50,000 deposit paid by GGM
pursuant to the January 20, 2004 Purchase  Deposit  Agreement  through which GGM
acquired the option to purchase  Sipan 1, and the remaining  $1,000,000  payable
within three years of the closing subject to offset for any liabilities  related
to events preexisting the closing. AMC is also providing a company guarantee and
a mutually  acceptable  bank  guarantee of its  performance  for the  $1,000,000
payment due in three years,  all as described in the exhibit  filed on form 8-K.
On November 8, 2005,  the sole  shareholder  of Sipan 1  transferred  all of the
shares  of Sipan 1 to AMC and  official  registration  of  ownership  to AMC was
recorded.

(b) As of October 28,  2005,  Global Gold Mining,  LLC ("GGM")  (which is wholly
owned by Global Gold  Armenia,  LLC which in turn is wholly owned by Global Gold
Corporation)  entered into a joint venture agreement with Caucasus Resources Pty
Ltd. an Australian  company  (which is subsidiary of Iberian  Resources  Limited
also an  Australian  company)  ("CR") to form the "Marjan  Mining  Company,  LLC
("Marjan  Mining") to explore  and develop the Marjan Gold  Project in the south
east of Armenia,  close to the  Armenia-Nakhichevan  border.  This  property was
previously explored during the Soviet era, and GGM acquired the Armenian company
which held the license to the property,  SHA, LLC ("SHA"), in December 2003. SHA
is transferring all of its interest in the Marjan property to Marjan Mining.  CR
initially  will  own 40% of  Marjan  Mining,  and  will be  responsible  for all
expenses  associated with developing and bringing the property into  production.
Upon spending $500,000,  pursuant to a mutually agreed budget,  CR's interest in
Marjan Mining will increase to 51%, and upon the commencement of production, has
the right to earn in up to 80% of Marjan  Mining,  and GGM will  retain  the 20%
interest, all as described in the exhibit filed on form 8-K.

(c)  On October 31, 2005, Global Gold Corporation sold $55,000 in common shares,
pursuant to exemptions from registration requirements of the Securities Act. The
transaction involved the exercise of warrants originally issued on October 31,
2000. The transaction involved the issuance of 220,000 shares of common stock at
$0.25 per share in accordance with the warrants.


ITEM 6.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

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.

                                       8

<PAGE>

RESULTS OF OPERATIONS

NINE-MONTHS ENDED SEPTEMBER 30, 2005 AND NINE-MONTHS ENDED SEPTEMBER 30, 2004

During  the   nine-month   period  ended   September  30,  2005,  the  Company's
administrative and other expenses were $1,241,576, which represented an increase
of $656,839 from $584,737 in the same period last year. The expense increase was
primarily attributable to higher legal expense of $32,202,  insurance expense of
$24,037,  and mine  exploration  costs of  $471,291  due to  increased  activity
resulting from project development in Armenia and Chile.

LIQUIDITY AND CAPITAL RESOURCES

As of September 30, 2005, the Company's total assets were $5,198,933, of which
$1,523,129 consisted of cash or cash equivalents.

The Company's plan of operation for the calendar year 2005 is:

(a) To continue exploration activities with regard to the
Santa Candalaria Chilean mining properties purchased in February 2004;

(b) To continue the drilling and exploration programs at the Hankavan mining
property and surrounding areas in Armenia;

(c) To commence mining and continue a drilling and exploration program at the
Tukhmanuk mining property and the surrounding exploration sites;

(d) To work with Iberian Resources Limited on the Aigedzor Mining Company, LLC
and Marjan Mining Company, LLC joint ventures in Armenia;

(e) To engage in further exploration in Armenia;

(f) To review and possibly acquire additional mineral bearing properties; and

(g) Pursue additional financing through private placements or joint ventures.

The Company retains the right until December 31, 2009 to elect to participate at
a level of up to twenty percent with Sterlite Gold Ltd. or any of its affiliates
in any exploration project undertaken in Armenia.


The Company also  anticipates  spending  additional funds in Armenia for further
exploration  and  development as well as acquisition of properties.  The Company
anticipates that it may have to issue  additional  equity or debt to finance its
planned  activities.  In addition,  the Company anticipates that it might obtain
additional  financing  from the holders of its  Warrants  to purchase  3,000,000
million  shares of Common Stock of the Company at an exercise price of $0.75 per
share,  which expire on December 1, 2006. If these  Warrants  were  exercised in
full,  the Company  would  receive  $2,250,000  in gross  proceeds.  The Company
anticipates  that it might obtain  additional  financing from the holders of its
Warrants  to  purchase  2,000,000  shares of Common  Stock of the  Company at an
exercise  price of $1.50 per  share,  which  expire on July 31,  2007.  If these
Warrants were exercised in full,  the Company would receive  $3,000,000 in gross
proceeds.

The Company does not intend to engage in any research and development during
2005 and does not expect sell any plant or significant equipment; it does
anticipate purchasing processing plant and equipment assets.

                                       9

<PAGE>

The Company has been able to continue its  development  stage  activities  based
upon its  receipt  of funds  from the  issuance  of  equity  securities,  and by
acquiring  assets or paying expenses by issuing stock.  The Company's  continued
existence is dependent  upon its  continued  ability to raise funds  through the
issuance of our securities or borrowings.  Management's plans in this regard are
to obtain  other  debt and  equity  financing  until  profitable  operation  and
positive cash flow are achieved and  maintained.  Although  management  believes
that it will be able to secure suitable  additional  financing for the Company's
operations,  there can be no guarantee  that such  financing will continue to be
available on reasonable terms, or at all.


Item 3.  Controls and Procedures.

As of the end of the period  covered by this report,  an evaluation  was carried
out under the  supervision  and with the  participation  of the Company's  Chief
Executive  Officer  and Chief  Financial  Officer  of the  effectiveness  of our
disclosure  controls and procedures (as defined in Rules 13a-14 and 15d-14 under
the  Securities  Exchange  Act of  1934).  Based on that  evaluation,  the Chief
Executive  Officer and Chief Financial Officer have concluded that the Company's
disclosure  controls and  procedures  are  effective to ensure that  information
required  to be  disclosed  by the  Company in reports  that it files or submits
under the Securities Exchange Act of 1934 is recorded, processed, summarized and
reported within the time periods specified in Securities and Exchange Commission
rules and  forms.  Subsequent  to the date of their  evaluation,  there  were no
significant  changes in the Company  internal  controls or in other factors that
could  significantly  affect the disclosure  controls,  including any corrective
actions with regard to significant deficiencies and material weaknesses.

                           PART II - OTHER INFORMATION

Item 1. Legal Proceedings.

None

Item 2. Changes in Securities.

None


Item 3. Defaults Upon Senior Securities.

None


Item 4. Submission of Matters to a Vote of Security Holders.

None

Item 5. Other Information.

Item 6. Exhibits and Reports on Form 8-K.

a.  The following documents are filed as part of this report:

          o    Unaudited   Condensed   Financial   Statements  of  the  Company,
               including  Balance Sheet as of September 30, 2005;  Statements of
               Operations and Statements of Cash Flows for the  three-months and
               nine months ended  September 30, 2005 and September 30, 2004, and
               for the  development  stage  period from  January 1, 1995 through
               September  30,  2005 and the  Exhibits  which  are  listed on the
               Exhibit Index.

                                       10

<PAGE>

EXHIBIT NO.    DESCRIPTION OF EXHIBIT

Exhibit 31.1   Certification of Chief Executive Officer pursuant to Section 302
               of the Sarbanes-Oxley Act of 2002*

Exhibit 31.2   Certification of Chief Financial Officer pursuant to Section 302
               of the Sarbanes-Oxley Act of 2002*

Exhibit 32.1   Certification of Chief Executive Officer pursuant to Section 906
               of the Sarbanes-Oxley Act of 2002*

Exhibit 32.2   Certification of Chief Financial Officer pursuant to Section 906
                of the Sarbanes-Oxley Act of 2002*

Exhibit 10.1   August 1, 2005 Employment Agreement of Simon Cleghorn

Exhibit 10.2   August 1, 2005 Employment Agreement of Frank Pastorino

Exhibit 10.3   August 1, 2005 Employment Agreement of Lester S. Caesar, CPA

Exhibit 10.4   August 1, 2005 Employment Agreement of Jan Dulman

* Provided herewith

(b) Reports on Form 8-K filed during the quarter ended September 30, 2005

Current Reports on Form 8-K, filed with the Securities and Exchange Commission
on November 15, 2005, under Item 8.01 of Form 8K and on August 3, 2005 under
Items 1.01, 3.02, and 9.01 of Form 8K.

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                                   SIGNATURES

         In accordance with the requirements of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.

                                                     GLOBAL GOLD CORPORATION



                                                   By:  /s/ Drury J. Gallagher
November 14, 2005                                  ----------------------------
                                                   Drury J. Gallagher, Chairman,
                                                   Chief Executive Officer and
                                                   Treasurer