1. Limited geographical diversification: Centerra Gold Inc operates primarily in Central Asia, with its main operations located in Kyrgyzstan and Mongolia. This lack of diversification compared to its peers may increase the company's exposure to political and economic risks in these regions.

2. Dependence on a single mine: The Kumtor mine in Kyrgyzstan is Centerra Gold's primary asset, accounting for a significant portion of the company's revenue. This dependence on a single mine increases the company's vulnerability to operational disruptions, regulatory changes, and other risks that could impact the mine's production.

3. Environmental and social risks: Centerra Gold has faced criticism and legal challenges related to its environmental and social practices, particularly at the Kumtor mine. These risks could impact the company's reputation and ability to operate in certain regions.

4. Limited growth prospects: Centerra Gold's production has been relatively flat in recent years, and the company has limited growth prospects compared to some of its peers. This could limit the company's ability to generate long-term value for shareholders.

5. High debt levels: Centerra Gold has a relatively high level of debt compared to its peers, which could limit the company's financial flexibility and increase its vulnerability to economic downturns or other risks.