1. Limited production capacity - New Gold Inc. may have a smaller production capacity compared to its peers, which can limit its ability to meet market demand and generate higher revenues.

2. Higher production costs - The company may face higher production costs, such as labor, energy, or raw material expenses, which can negatively impact its profitability compared to peers with lower costs.

3. Lower economies of scale - Due to its smaller size, New Gold Inc. may not benefit from the same economies of scale as its larger peers. This can result in higher per-unit costs and lower overall profitability.

4. Limited diversification - The company may have a limited portfolio of mines or projects compared to its peers, which can make it more vulnerable to fluctuations in commodity prices or operational issues at a single site.

5. Higher financial risk - New Gold Inc. may have a higher level of financial risk compared to its peers, such as higher debt levels or lower cash reserves. This can make the company more susceptible to economic downturns or market volatility.

6. Limited market presence - The company may have a smaller market presence compared to its peers, which can limit its ability to negotiate favorable contracts, attract investors, or access new opportunities for growth.