The Panamanian golden frog (Atelopus zeteki) is a rare species of toad to Panama. Panamanian golden frogs inhabit the streams along the mountainous slopes of the Cordilleran cloud forests of west-central Panama.t was previously considered a subspecies of Atelopus varius, but is now classified as a separate species. The skin colour of the golden frogs ranges from light yellow-green to bright gold, with some individuals exhibiting black spots on their backs and legs.