The town established in 1892 was named after a gold bearing mountain just east of the town. Gold Hill became famous for its location of many minerals including silver, gold, copper, lead, tungsten, and arsenic. The town boomed and died several times in its existence. The first boom lasted for a decade until its richest mines were worked out and the town was nearly abandoned. During World War I arsenic was badly needed and Gold Hill was just the location to find the mineral.
The mines were reopened and new mills built, and in 1917 the Deep Creek Railroad was built into Gold Hill. When WWI ended arsenic was no longer needed and the town once again died. WWII reawakened the town due to the high demand of tungsten used in steel and electric filaments. Tons of the mineral was shipped out until the need slowed and Gold Hill dwindled once again. In 1940 the last train rails were tore up and sold for scrap. During the 1940’s several mines were reopened and were mined for arsenic. This was only temporary and in 1946 the schoolhouse was locked for the last time and the post office was finally closed in 1949, adding Gold Hill to the list of Utah’s ghost towns. In its history the town boasted a population of up to 3000 people.