Global Gold is currently in the development stage. It is engaged in exploration for, and development and mining of, gold, uranium, and other minerals in Armenia, Canada and Chile. The Company's headquarters are located in Greenwich, CT and its subsidiaries maintain offices and staff in Yerevan, Armenia and Santiago, Chile. The Company was incorporated as Triad Energy Corporation in the State of Delaware on February 21, 1980 and, as further described hereafter, conducted other business prior to its re-entry into the development stage of mineral exploration and mining on January 1, 1995. During 1995, the Company changed its name from Triad Energy Corporation to Global Gold Corporation to pursue certain gold and copper mining rights in the former Soviet Republics of Armenia and Georgia. The Company's stock is publicly traded. The Company employs 81 people globally on a year round basis and an additional 120 people on a seasonal basis.
The Company's current production, exploration, and development focus in Armenia primarily revolves around the North Central Armenian Belt, where it is integrating the Hankavan mine deposit, Tukhmanuk mine, and other adjacent exploration sites. The Company has been conducting a drill program there to confirm the historical data and develop mining plans. The Company also engages in exploration outside the North Central Belt at the Getik and Marjan properties, and holds royalty and participation rights in other locations in the country through other affiliated and subsidiary companies.
