WGE Holdings Corp. (OTCPK:WGEE) is seeking acquisitions of producing facilities in Indonesia and Philippines including a producing property with one million ounces in estimated reserves. Herbert Adamczyk, Chairman of WGE, said, “We believe uncertainties in the global economy will underwrite continuation of the upward pressure on the gold price, which has now increased by 25% during the past six months. Our operations enjoy a very low production cost of approximately $500/oz. Â Against this background, we believe that a firm gold price, combined with our scheduled acquisitions of producing facilities in Indonesia and the Philippines.”