The post office was opened shortly after in 1919 and since, Gogama has relied heavily on the forestry industry although tourism is starting to benefit the hamlet as well.

During the era of railway construction, Gogama was likely a place of importance for the manufacture of Axe ties.

However, following that period, maintaining and upgrading the railway required a constant supply of ties.

As orders for ties declined contracts were secured to supply mining timber for Falconbridge.

On February 14, seven rail cars carrying crude oil derailed approximately 30 kilometres from the town,[2] and on March 8, 35 Canadian National Railway cars derailed at a site just four kilometres from the town, spilling crude into the Makami River and igniting an oil fire that took several days to extinguish.

[6] The company anticipates a 17-year lifespan for the mine[6] with approximately 60,000 tonnes of ore production per day.

[8] Gogama is featured in a short educational film The Forest Commandos, produced by Warner Bros. Pictures.

The film is specifically dedicated to the work of the bush pilots flying floatplanes, such as those manufactured by the Stinson Aircraft Company, in support of forest fire suppression crews.

A Second World War Royal Canadian Air Force (RCAF) de Havilland Mosquito fighter-bomber is also show briefly taxiing on a runway.