Westgold Resources (AU:WGX) has released an update.
JPMorgan Chase & Co. and its affiliates have emerged as substantial shareholders in Westgold Resources Ltd, reporting a 5.09% stake with 24,142,670 ordinary shares as of July 15, 2024. This move reflects a strategic investment by JPMorgan’s various entities, involving securities lending, rehypothecation, and proprietary trading, signaling their confidence in the mining company’s prospects.
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