JUNIORMETRICS
Gold$4,479.95/oz
Silver$66.98/oz
Copper$6.00/lb

BULGOLD Inc.

ZLTO·$0.04·$2.6M cap
GoldKostilkovo Gold Project (Rhodope Mountains, Bulgaria) Map

BULGOLD Inc. (ticker ZLTO -- "zlato"/"zloto" is Slavic for gold) explores for gold in Bulgaria and Slovakia through three 100%-owned projects: the 66.18km2 Kostilkovo Gold Project in the Rhodope Mountains southeast of Sofia, Bulgaria; the 24.4km2 Kutel Gold Project, also in Bulgaria's Eastern Rhodope; and the 32.21km2 Lutila Gold Project in Slovakia's Central Slovak Volcanic Field, northeast of Bratislava. Early-to-mid-stage exploration; no NI 43-101 resource estimate has been published.

Notable vs. Peers

  • Jurisdiction risk score of 6/10 is meaningfully riskier than the peer average of 7.8/10.

Lifecycle Milestones

GrassrootsCurrent
Resource Def.
PEA
PFS
Feasibility
Permitting
Construction
Production
10/10
Weak track recordStrong track record
Thin runwayWell-capitalized
6/10
High riskLow risk
How this is calculated
Not enough info
Weaker depositStronger deposit
8/10
Weaker profileStronger profile
Price Chart
$0.057$0.043$0.043$0.047$0.036AugNovFebJunSep
Aug 12, 2025Sep 4, 2026
News
$0.04
+25.7%from low-56.3%from high
$0.03$0.08
See who ↓
19.4%
Low alignmentHigh alignment
See who ↓
0%
Low alignmentHigh alignment
$2.6M
Far belowFar above
$29.1M median
Price (USD - Local)
$0.04 - CAD 0.05
Cash Position (USD)
This company's data hasn't been researched yet
Debt (USD)
This company's data hasn't been researched yet
$2.6M
Far belowFar above
$27.1M median
72.6M
Far aboveFar below
173M median
Jurisdiction
Bulgaria
This company's data hasn't been researched yet
This company's data hasn't been researched yet
This company's data hasn't been researched yet
N/A -- grassroots exploration, no active mine
This company's data hasn't been researched yet
This company's data hasn't been researched yet
Not enough peer data yet
This company's data hasn't been researched yet
Not enough peer data yet
This company's data hasn't been researched yet
19.4%
0%100%
19.1% median
0%
0%100%
3% median
357 kmfrom Eldorado Gold Corporation's Efemcukuru
Outside typical bolt-on range
This company's data hasn't been researched yet
This company's data hasn't been researched yet
This company's data hasn't been researched yet
This company's data hasn't been researched yet
This company's data hasn't been researched yet
Acquisition Susceptibility
2.1/10
Unlikely bolt-onFits the takeout profile

A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal the underlying research identifies — whether a major already holds a JV, earn-in, or 5–19.9% strategic stake — isn't tracked yet and is absent from this score.

Overall Score Trend
+0% since 2026-08-26

Your Rankings

Community Sentiment
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Management Team

President, Chief Executive Officer and Non-Independent Director of BULGOLD Inc., a gold exploration company focused on Central and Eastern Europe. Began working on West Australian gold mines at age nineteen and has extensive experience in exploration, project development, quality control and corporate development.

Executive Chairman and Non-Independent Director of BULGOLD Inc., with over 20 years serving as management and/or board member of several TSX/TSXV-listed public mining companies; formerly VP Corporate Development of Hope Bay (1999-2002), President & CEO of Ariane Gold Corp. (2002-2003), and President, CEO & Director of Palmarejo until its 2007 merger with Coeur d'Alene Mines Corporation.

Lead Independent Director of BULGOLD Inc.

Independent Director of BULGOLD Inc., PhD in International Law from the Graduate Institute of International and Development Studies, Geneva, and LL.M. in International and European Law from the University of Amsterdam.

Insiders, Investors & Smart Money

Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.

Smart money
3/10

Dundee Corporation, a well-known Canadian mining-focused investment holding company, is a confirmed 10%+ shareholder and has been increasing its position, most recently adding shares in April 2026.

No notable insiders tracked for this miner yet.

Reports, Presentations & Documents

Technical Report Takeaways

We haven't parsed this company's PEA/PFS/FS recommendations yet — cut-off grade, mine life, DCF/NPV, and the report's own next-steps guidance are a planned research pass, not live data for every company yet.

No reports or presentations linked yet.