BULGOLD Reports Fourth Quarter Financial Results for the Period Ending December 31, 2023

BULGOLD Inc. (TSXV: ZLTO) recently announced its financial results for the fourth quarter and year ended December 31, 2023. The company reported a net loss of $264,578 ($0.01 per share) for the three months ending December 31, 2023, and a net loss of $1,873,160 ($0.08 per share) for the full year. These losses were primarily due to expenses related to the acquisition of assets in Bulgaria, including listing costs and professional fees.

Despite the losses, BULGOLD remains optimistic about its future prospects. The company had cash and cash equivalents of $2,015,716 as of December 31, 2023, with a net working capital of $1,486,855. This capital will be used to support exploration activities as the company continues to focus on the development of mineral exploration projects in Central and Eastern Europe.

BULGOLD controls three quality quartz-adularia epithermal gold projects in Bulgaria and Slovakia, which management believes have the potential for high-grade, good-metallurgy, low-sulfidation epithermal gold mineralization. As of December 31, 2023, the company had 27,597,928 issued and outstanding shares, with approximately 39.54% held by Founders, Directors, and Management.

Investors and stakeholders can find additional information about BULGOLD on the company’s website and on SEDAR. Despite the challenges faced in 2023, BULGOLD remains committed to its exploration plans and is confident in the long-term success of its projects.