SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 4)

Galiano Gold Inc.

(Name of Issuer)

Common Shares, no par value ("Common Shares")

(Title of Class of Securities)

36352H100

(CUSIP Number)

09/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No.

36352H100

Names of Reporting Persons

Equinox Partners Investment Management LLC

Check the appropriate box if a member of a Group (see instructions)

(a)

(b)

Sec Use Only

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 15,707,058.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 15,707,058.00

Aggregate Amount Beneficially Owned by Each Reporting Person

15,707,058.00

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

Checkbox not checked

Percent of class represented by amount in row (9)

6.1 %

Type of Reporting Person (See Instructions)

Comment for Type of Reporting Person: Items 6 & 7: Includes 9,339,816 common shares, no par value (the "Common Shares") of Galiano Gold Inc. (the "Issuer") held in one or more client accounts over which Equinox Partners Investment Management LLC, as investment advisor, has shared voting and dispositive power. The filing of this statement should not be deemed as admission that Equinox Partners Investment Management LLC is, for the purposes of Section 13 of the Act, the beneficial owner of the Common Shares held in such client account(s).

SCHEDULE 13G

CUSIP No.

36352H100

Names of Reporting Persons

Equinox Partners, L.P.

Check the appropriate box if a member of a Group (see instructions)

(a)

(b)

Sec Use Only

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 4,458,599.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 4,458,599.00

Aggregate Amount Beneficially Owned by Each Reporting Person

4,458,599.00

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

Checkbox not checked

Percent of class represented by amount in row (9)

1.7 %

Type of Reporting Person (See Instructions)

SCHEDULE 13G

CUSIP No.

36352H100

Names of Reporting Persons

Mason Hill Partners, LP

Check the appropriate box if a member of a Group (see instructions)

(a)

(b)

Sec Use Only

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,217,217.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,217,217.00

Aggregate Amount Beneficially Owned by Each Reporting Person

1,217,217.00

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

Checkbox not checked

Percent of class represented by amount in row (9)

0.5 %

Type of Reporting Person (See Instructions)

SCHEDULE 13G

CUSIP No.

36352H100

Names of Reporting Persons

Equinox Partners Precious Metals Fund, L.P.

Check the appropriate box if a member of a Group (see instructions)

(a)

(b)

Sec Use Only

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 691,426.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 691,426.00

Aggregate Amount Beneficially Owned by Each Reporting Person

691,426.00

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

Checkbox not checked

Percent of class represented by amount in row (9)

0.3 %

Type of Reporting Person (See Instructions)

SCHEDULE 13G

CUSIP No.

36352H100

Names of Reporting Persons

Sean M. Fieler

Check the appropriate box if a member of a Group (see instructions)

(a)

(b)

Sec Use Only

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 15,707,058.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 15,707,058.00

Aggregate Amount Beneficially Owned by Each Reporting Person

15,707,058.00

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

Checkbox not checked

Percent of class represented by amount in row (9)

6.1 %

Type of Reporting Person (See Instructions)

Comment for Type of Reporting Person: Items 6. 8. & 9: See Comment on page 2. The filing of this statement should not be deemed an admission that Mr. Fieler is, for the purposes of Section 13 of the Act, the beneficial owner of the Common Shares held in such client account(s).

SCHEDULE 13G

Item 1.

(a)

Name of issuer:

Galiano Gold Inc.

(b)

Address of issuer's principal executive offices:

680 - 1066 WEST HASTINGS STREET, VANCOUVER, Canada (Federal Level), V6E 3X2

Item 2.

(a)

Name of person filing:

The names of the persons jointly filing this statement on Schedule 13G (collectively, the "Reporting Persons") are: Equinox Partners Investment Management LLC, a Delaware limited liability company ("EPIM"). Equinox Partners, L.P., a Delaware limited partnership ("Equinox Partners"). Mason Hill Partners, LP, a Delaware limited partnership ("Mason Hill Partners"). Equinox Partners Precious Metals Fund, L.P., a Delaware limited partnership ("Equinox Partners Precious Metals Fund"). Sean M. Fieler, a United States Citizen ("Mr. Fieler"). EPIM's principal business is serving as an investment advisor to certain private investment funds, including Equinox Partners, Mason Hill Partners, Equinox Partners Precious Metals Fund and other client accounts. Each of Equinox Partners, Mason Hill Partners, and Equinox Partners Precious Metals Fund is a private investment fund. Mr. Fieler owns a controlling interest in, and is the managing member of, EPIM.

(b)

Address or principal business office or, if none, residence:

The principal business office of each of the Reporting Persons is Three Stamford Plaza, 301 Tresser Blvd, 13th Fl., Stamford, CT 06901.

(c)

Citizenship:

Each of EPIM, Equinox Partners, Mason Hill Partners, and Equinox Partners Precious Metals Fund is organized under the laws of the State of Delaware. Mr. Fieler is a citizen of the United States.

(d)

Title of class of securities:

Common Shares, no par value ("Common Shares")

(e)

CUSIP No.:

36352H100

Item 3.

If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

(a)

Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);

(b)

Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);

(c)

Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);

(d)

Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);

(e)

An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);

(f)

An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

(g)

A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

(h)

A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i)

A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j)

A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:

(k)

Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).

Item 4.

Ownership

(a)

Amount beneficially owned:

Each of EPIM and Mr. Fieler may be deemed to beneficially own (as that term is defined in Rule 13d-3 under the Act) the Common Shares which each of Equinox Partners, Mason Hill Partners and Equinox Partners Precious Metals Fund directly beneficially owns. Each of Mason Hill and Mr. Fieler disclaims beneficial ownership of such Common Shares for all other purposes. EPIM acts as an investment advisor to certain client accounts and, by virtue of investment management agreements with these clients, has voting and dispositive power over the Common Shares held in such client accounts. Mr. Fieler is the managing member of, and owns a controlling interest in, EPIM. The filing of this statement should not be deemed an admission that EPIM or Mr. Fieler is, for the purposes of Section 13 of the Act, the beneficial owner of the Common Shares held in such client accounts. (i) EPIM beneficially owns 15,707,058 Common Shares. (ii) Equinox Partners beneficially owns 4,458,599 Common Shares. (iii) Mason Hill Partners beneficially owns 1,217,217 Common Shares. (iv) Equinox Partners Precious Metals Fund beneficially owns 691,426 Common Shares. (v) Mr. Fieler beneficially owns 15,707,058 Common Shares. (vi) Collectively, the Reporting Persons beneficially own 15,707,058 Common Shares.

(b)

Percent of class:

The following percentages are based on 258,434,108 Common Shares outstanding, as reported on Amendment No. 1 to Form F-10, filed on July 9, 2025 with the Securities and Exchange Commission. (i) EPIM's beneficial ownership of 15,707,058 Common Shares represents approximately 6.1% of the outstanding Common Shares. (ii) Equinox Partners' beneficial ownership of 4,458,599 Common Shares represents approximately 1.7% of the outstanding Common Shares. (iii) Mason Hill Partners' beneficial ownership of 1,217,217 Common Shares represents approximately 0.5% of the outstanding Common Shares. (iv) Equinox Partners Precious Metals Fund's beneficial ownership of 691,426 Common Shares represents approximately 0.3% of the outstanding Common Shares. (v) Mr. Fieler's beneficial ownership of 15,707,058 Common Shares represents approximately 6.1% of the outstanding Common Shares. (vi) Collectively, the Reporting Persons' beneficial ownership of 15,707,058 Common Shares represents approximately 6.1% of the outstanding Common Shares.

(c)

Number of shares as to which the person has:

(i) Sole power to vote or to direct the vote:

See Cover Pages Items 5-9.

(ii) Shared power to vote or to direct the vote:

See Cover Pages Items 5-9.

(iii) Sole power to dispose or to direct the disposition of:

See Cover Pages Items 5-9.

(iv) Shared power to dispose or to direct the disposition of:

See Cover Pages Items 5-9.

Item 5.

Ownership of 5 Percent or Less of a Class.

Item 6.

Ownership of more than 5 Percent on Behalf of Another Person.

Not Applicable

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

Not Applicable

Item 8.

Identification and Classification of Members of the Group.

If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group.

See Exhibit A of the Schedule 13G filed by the Reporting Persons on August 7, 2023.

Item 9.

Notice of Dissolution of Group.

Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Equinox Partners Investment Management LLC

Signature:	/s/ Sean M. Fieler
Name/Title:	Sean M. Fieler, Manager
Date:	11/14/2025

Equinox Partners, L.P.

Signature:	/s/ Sean M. Fieler
Name/Title:	Sean M. Fieler, Manager of Equinox Partners Investment Management LLC, the Investment Manager of Equinox Partners, L.P.
Date:	11/14/2025

Mason Hill Partners, LP

Signature:	/s/ Sean M. Fieler
Name/Title:	Sean M. Fieler, Manager of Equinox Partners Investment Management LLC, the Investment Manager of Mason Hill Partners, LP
Date:	11/14/2025

Equinox Partners Precious Metals Fund, L.P.

Signature:	/s/ Sean M. Fieler
Name/Title:	Sean M. Fieler, Manager of Equinox Partners Investment Management LLC, the Investment Manager of Equinox Partners Precious Metals Fund, L.P.
Date:	11/14/2025

Sean M. Fieler

Signature:	/s/ Sean M. Fieler
Name/Title:	Sean M. Fieler
Date:	11/14/2025

Amendment: SEC Form SCHEDULE 13G/A filed by Galiano Gold Inc.