The mine has a long history as a gold mine.
Gold mined in this region was referred to as "Motoyoshi-Kin" and supported the golden culture of Hiraizumi in Oshu from the late 11th century to the 12th century.
Later, the mine contributed to the Sendai Domain as an important financial source from the 17th century to the middle of the 19th century.
Subsequently, Tetsuro Suzuki, a local fishery businessman, began mineral exploration in a prospecting area in 1905.
After mining rights were transferred three times, Kuhara Mining Co., Ltd., later Nippon Sangyo Co., Ltd., acquired the rights in 1925.
The company separated its mining division and transferred the mine management to newly formed Nippon Mining Co., Ltd. in 1929.
Later, the new company constructed a beneficiation plant and expanded its equipment.
In 1942, the mine produced over one tonne of gold, and a total length of the mine tunnels reached 55 kilometers.
Additionally, the number of employees reached 1,303, and a mining town formed around the mine included miners' row houses, schools, and recreational facilities, and it prospered.
In 1939, the government established Empire Mining Development Co., Ltd. under national policy, which intended to promote the development and an increase in production of important mineral resources in wartime.
After importation of crude oil and war materials stopped, the government closed domestic gold mines and repurposed their equipment and labor for munitions production at other mines by the Policy on the Arrangement of the Gold Mining Industry in 1943.
Accordingly, Oya Mine suspended operations in the same year, and all of facilities and mining areas were transferred to Empire Mining Development Co., Ltd.
After the war, Nippon Mining Co., Ltd. regained them in 1949.
The company resumed operations in the following year and built a cyanide leaching plant later.
In 1962, Oya Mining Works became independent as Oya Mine Co., Ltd. and inherited the operation.
However, the mine was closed owing to depletion of resources later.
The remains of the beneficiation plant, built in 1961, can be seen even now.
Besides Honko, rich in ore veins, the mine had numerous ore deposits and branch mines, such as Iwajiri in the east, Tsuya in the west, Akaushi in the south, Ichimaiyama, Matsuiwa, Yagoshi, Shingetsu, and Niidate in the north.
Oya Mine Co., Ltd. merged with Kohoku Mining Co., Ltd. and established Kohoku Mining Works in 1964.
Although Oya Mine discontinued operations owing to depletion of reserves in 1971, beneficiation operations of Kohoku Mining Works was continued.
Later, the mining works was shut down.
The Motoyoshi region was known as a gold-producing area from long ago, where numerous gold mines were scattered.
Alluvial gold mining was performed near the estuary of the Tsuya River in the early 20th century.
休山から操業を再開した後、選鉱場と製錬所を新たに設けて年間 400 kg を超える金を生産しました。
After the resumption of operations, the company constructed a new beneficiation plant and a new cyanide leaching plant.
Thereafter, the mine produced over 400 kilograms of gold per year.