1. Limited production capacity: FenixOro Gold Corp has a relatively small production capacity compared to its peers, which limits its ability to generate revenue and compete effectively in the market.

2. Limited resource base: The company has a limited resource base, which means that it may struggle to sustain its operations over the long term.

3. Lack of diversification: FenixOro Gold Corp is heavily focused on gold mining, which makes it vulnerable to fluctuations in the price of gold. The company lacks diversification in terms of its product offerings and revenue streams.

4. Limited geographical presence: The company operates primarily in Colombia, which limits its exposure to other markets and potential growth opportunities.

5. High operating costs: FenixOro Gold Corp has relatively high operating costs compared to its peers, which can impact its profitability and financial performance.

6. Limited access to capital: The company may struggle to raise capital for expansion or investment due to its relatively small size and limited track record.

7. Regulatory risks: The mining industry is subject to a range of regulatory risks, including changes in environmental regulations, permitting requirements, and taxation policies. FenixOro Gold Corp may be particularly vulnerable to these risks due to its limited resources and geographical focus.