The mine was originally owned by Australian Consolidated Minerals Pty Ltd[3] before passing into the ownership of Normandy Poseidon Ltd in November 1991.

[6] OZ Minerals had to sell Golden Grove in June 2009 to China Minmetals, like almost all its other mines, when the company was hit by severe financial difficulties.

[12] The deal, initially including the Prominent Hill Mine, was blocked by the Australian Government, citing national security concerns.

EMR Capital had been founded by Owen Hegarty, who had led Oxiana when it acquired Golden Grove from Newmont in 2005.

[14] In June 2021, EMR Capital divested itself of Golden Grove and other assets, launching the Australian Securities Exchange-listed 29Metals Limited as the new owner of the mine.