Mining began at Mount Morgan in 1882 and continued until 1981. Over its lifespan, the mine yielded approximately 262 metric tons (258 long tons; 289 short tons) of gold, 37 metric tons (36 long tons; 41 short tons) of silver and 387,000 metric tons (381,000 long tons; 427,000 short tons) of copper. The mine was once the largest gold mine in the world.
In 1882, a syndicate was created to open a gold mine at Ironstone Mountain, 39 kilometres (24 mi) south of Rockhampton, Queensland. The syndicate comprised William Knox Darcy (later influential in establishing the Anglo Persian Oil Company), Walter Russell Hall (later influential in establishing the Walter and Eliza Hall Institute of Medical Research), Thomas Skarratt Hall, and Thomas, Frederick and Edwin Morgan. Ironstone Mountain was later renamed Mount Morgan after the Morgan members of the syndicate.
In October 1886, the syndicate became the Mount Morgan Gold Mining Company Limited, with James Wesley Hall, the younger brother of Walter Russell and Thomas Skarratt Hall, as the first general manager.
Bowen Terrace Brisbane Claremont Cleveland Derwent River Fortitude Valley Glenora Highfields Hobart Huonville Kangaroo Point Launceston Main Range Mary River Mount Morgan New Town Norfolk Island Queensland Queensport Ravenswood Risdon Sandy Bay Tasmania Waddamana Wickham Terrace