Robinhood shares gain on Q2 beat, as user and crypto growth accelerate
GOLDEN, Colo. - Golden Minerals Company (OTCQB: AUMN and TSX: AUMN), a micro-cap mining company with a market capitalization of $2.75 million, announced the appointment of Anil Jiwani as the new Chief Financial Officer, effective June 1, 2025. Jiwani will be taking over from Joe Dwyer, who is set to resign on May 31, 2025. The leadership change comes as the company’s stock has shown strong momentum, posting a 64.79% gain year-to-date despite challenging market conditions.
Anil Jiwani brings nearly two decades of experience in financial and strategic management, accounting, and corporate governance to his new role at Golden Minerals. Currently, he holds positions as the Chief Operating Officer and Director at Avisar Everyday Solutions Ltd., a firm that provides accounting services to publicly traded companies and through which Jiwani will serve Golden Minerals. He is also the CFO of Perseverance Metals Inc. and Inomin Mines Inc., both of which operate in the mining sector. According to InvestingPro data, Jiwani will face immediate challenges with the company’s financial health rated as Weak and an EBITDA of -$4.22 million in the last twelve months.
Jiwani’s professional background includes serving as CFO for various companies, where he managed financial operations and supported complex transactions, including reverse takeovers. His experience extends to enhancing compliance in international jurisdictions. Before his current roles, he was a Senior Manager at Avisar and worked in the Audit and Assurance Group at PwC LLP in Vancouver, Canada.
A Chartered Professional Accountant in Canada, Jiwani holds a bachelor’s degree in accounting and information technology from the University of Texas at Dallas.
Jeffrey Clevenger, Chairman of the Board of Golden Minerals, expressed confidence in Jiwani’s appointment, citing the outsourcing of financial functions to Avisar as a strategic move to improve the quality of financial support and reduce costs for the company. With a current ratio of 0.82, financial efficiency improvements will be crucial. For deeper insights into Golden Minerals’ financial metrics and growth potential, investors can access over 30 additional key indicators through InvestingPro.
The information in this article is based on a press release statement from Golden Minerals Company.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.