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

2. Limited resources - The company has limited financial and human resources, which can hinder its ability to explore and develop new projects.

3. Limited geographical presence - Westhaven Gold Corp operates primarily in Canada, which limits its exposure to other markets and potential growth opportunities.

4. Dependence on a single project - The company's success is heavily dependent on the success of its flagship project, the Shovelnose Gold Property. Any issues or setbacks with this project could significantly impact the company's financial performance.

5. High exploration costs - The cost of exploring and developing new projects can be high, which can put a strain on the company's financial resources.

6. Volatility in commodity prices - The price of gold and other commodities can be volatile, which can impact the company's revenue and profitability.

7. Regulatory risks - The mining industry is subject to a range of regulations and environmental standards, which can increase the cost of operations and pose legal risks for the company.

8. Limited diversification - Westhaven Gold Corp has a relatively narrow focus on gold exploration and production, which limits its ability to diversify its revenue streams and mitigate risks.