An automatic recoilless firearm comprising a gun barrel and a compensating mass launch tube in which a projectile is accelerated in one direction inside said gun barrel counterbalanced by a compensating mass accelerated in the opposite direction inside said launch tube thereby minimizing recoil and further providing means of automatic ammunition handling. Said firearm further comprises a bolt or bolts and barrels configured to reduce or eliminate transmission of momentum and mechanical energy to the gun barrels and/or gun body during an operation of the firearm.