Newfoundland is often overlooked by investors when searching for investment opportunities in the gold sector. The prolific Abitibi Greenstone Belt that runs through Northern Ontario and Quebec understandably attracts major interest, as does the Golden Triangle region of British Columbia with its many gold mines. In a major lead-zinc-copper deposit was discovered near the town of Buchans in central Newfoundland. It was difficult to mine because there were no known milling processes that could adequately separate the mineral sulphides. At its peak, Buchans hosted 5 separate mines and
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It has 29 percent of the province's land area. Newfoundland's nearest neighbour is the French overseas community of Saint-Pierre and Miquelon. The provincial capital, St. John's , is located on the southeastern coast of the island; Cape Spear , just south of the capital, is the easternmost point of North America , excluding Greenland.