The mine is currently owned by Aurumin Limited, who purchased it from Middle Island Resources in 2022, but has been in care and maintenance since September 2010.

With the outbreak of the First World War, the fortunes of the mine, and the town, declined and the population in Sandstone fell from a high of 8,000 in 1906 to approximately 200 in 1919.

[2] Troy commenced production at the Bulchina mine at Sandstone in 2002, which lasted until early 2005 and produced 223,000 ounces of gold.

The primary objective of Southern Cross Gold was to relocate the processing plant to its Marda Project, located 100km to the south.

Southern Cross Gold merged with Poly Metals to form Black Oak Minerals Limited, but the company was placed into administration in September 2015 and subsequently liquidated in February 2016.