Zoloto

Zoloto was a powerful gold Dragon who attempted to subjugate the people of Mount Pillar, including Balvan. He was the first being to provide a real challenge to Balvan's until then unstoppable might, slashing through his stone-life flesh with powerful claws and forcing the mountain spirit to cower inside his rocky home.
Zoloto was finally slain by Thungrim and The Smith, with the aid of Smith's army and the residents of Mount Pillar, including Balvan, who created armour and a shield for the ocassion. Many from The Smith’s army, and the valliant giant Velikanska died in battle against Zoloto. 
==== Further Watchong ====
The Saga of Balvan Part 1 & Part 2