1. Limited production capacity: Firefinch Limited has a relatively small production capacity compared to its peers, which limits its ability to meet growing demand for its products.
2. Limited geographical reach: The company operates primarily in Mali, which limits its ability to expand into other markets and diversify its revenue streams.
3. Dependence on a single mine: Firefinch Limited's operations are heavily dependent on the Morila mine, which accounts for the majority of its revenue. This makes the company vulnerable to any disruptions or changes in the mine's operations.
4. High production costs: The company's production costs are relatively high compared to its peers, which puts it at a disadvantage in terms of profitability.
5. Limited financial resources: Firefinch Limited has limited financial resources compared to its peers, which limits its ability to invest in new projects and expand its operations.
6. Limited experience: The company is relatively new to the mining industry and has limited experience compared to its peers, which may make it more vulnerable to operational and financial risks.
7. Limited diversification: Firefinch Limited's operations are focused primarily on gold mining, which limits its ability to diversify its revenue streams and reduce its exposure to fluctuations in the gold market.