Minas de Oro was founded as a consequence of the gold rushes that were common in the region, when workers and neighbours settled in the area.

To justify the transfer, the citizenship argued that the powerful increment of the footwear industry, the commercial relationship between Minas de Oro, Tegucigalpa and the northern coast, and the growing café crops in the region were becoming Minas de Oro's main patrimonies, which at least in the first case it held true in the subsequent years.

The only thing left of this institution is a house turned centre of tourist retirements in the highway that leads to Mines of San Antonio.

Minas de Oro were counted by the decade from the 1960s to 1990s in the Famous Evangelical Institute that has a boarding school where students from all of the republic of Honduras went.

At the beginning of the 1960s, it closed because of stoked heat from the insecurity in the access routes, stop cost of fuels, local competition, and complexity in the administrative handling of this type of institution.