Gold & Silver industry news provided by Financial News USA (OTC: FNWU). Goldcorp Inc. (Toronto:G.TO)(NYSE:GG) will release first quarter results before market opens on Friday, May 11th, 2007. A conference call will be held Friday, May 11th at 9:00 a.m. (PT) to discuss these results. You may join the call by dialing toll free 1-800-819-9193 or (913) 981-4911 for calls from outside Canada and the US. Conference ID# 9234904. Goldcorp is one of the world's lowest-cost and fastest growing multi-million ounce gold producers with operations throughout the Americas. Peabody Energy (NYSE: BTU) recently announced it is evaluating strategic alternatives regarding its operations in West Virginia and Kentucky. The review is expected to result in a spinoff or other transaction involving these assets to enhance long-term shareholder value. Peabody Energy is the world's largest private-sector coal company, with 2006 sales of 248 million tons of coal and $5.3 billion in revenues.
Silver Wheaton Corp. (Toronto:SLW.TO)(NYSE:SLW) is pleased to announce that it has agreed to acquire from Goldcorp Inc. ("Goldcorp") 25% of the life of mine silver production from Goldcorp's Penasquito Project, located in Zacatecas, Mexico. With this acquisition, Silver Wheaton expects to have annual silver sales of 22 million ounces in 2009, increasing to over 26 million ounces by 2012. G&S Minerals, Inc. (OTC:GSML) recently announced that Larry K. Davis has been named to succeed Charles Brown as Chief Executive Officer and Chairman of the Board when Mr. Brown steps down, expected to be later this month. Davis will join the company's senior management team and report directly to the G&S Minerals board of directors, subject to his formal appointment by the board of directors.
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