1. Limited geographical presence - Westward Gold Inc operates only in North America, which limits its exposure to other potential markets and opportunities.
2. Smaller scale of operations - Compared to its peers, Westward Gold Inc is a relatively small company with limited resources and a smaller portfolio of assets.
3. Higher risk profile - As a smaller company, Westward Gold Inc may be more vulnerable to market fluctuations and economic downturns, which could impact its financial performance.
4. Limited diversification - Westward Gold Inc's portfolio is focused primarily on gold mining, which may limit its ability to diversify into other commodities or sectors.
5. Limited access to capital - As a smaller company, Westward Gold Inc may have limited access to capital markets, which could impact its ability to fund growth initiatives or pursue strategic acquisitions.
6. Limited brand recognition - Compared to larger, more established peers, Westward Gold Inc may have limited brand recognition and awareness among investors and stakeholders.
7. Limited technological capabilities - Westward Gold Inc may have limited access to the latest technologies and innovations in the mining industry, which could impact its ability to operate efficiently and effectively.