Taking advantage of its deep water and abundant forests, Gold River developed in 1967 as a prototypical logging and pulp and paper industry community. Gold River quickly sprang into prosperity and established excellent community facilities. When shifting world markets brought the mill closure in 1998, many of Gold River's inhabitants were forced to relocate. Since then, the village has attempted to capitalize on its idealistic setting among picturesque mountains, lakes, rivers, ocean, and forests to develop tourism and sport fishing as its main economic supports. Currently, Gold River serves as a base for such famous activities as the Nootka Island trek, hiking the Elk Lake trail and mountain climbingGolden Hinde, Crest Creek climbing crags, MV Uchuck III, and the Great Walk. Gold River also serves as a historic point, being the closest village to the famous Yuquot, or "Friendly Cove", where British explorer Captain James Cook first set ashore. There Cook met the Mowachaht native band's chief, Chief Maquinna.
In 2001, a two-year-old male orca, later named Luna, was seen in Nootka Sound alone as far inland as the marina at Gold River. Presumed to be an orphan separated from his pod, Luna became a local and international celebrity by his playful and curious behavior with lumber tugboats and recreational watercraft on Nootka Sound, and with people, including young children, on the Gold River dock. The popularity of Luna made Gold River an international attraction from early 2002 through March 2006 when Luna was killed in an accidental collision with a tugboat propeller.
Climate
Gold River has a Marine west coast climate. With warm dry summers and mild rainy winters, during the winter constant Low Pressure Systems moving off of the Pacific Ocean causes winter to be the wettest season. Most precipitation falls as rain year round but snow is not uncommon in the winter months averaging but does not usually stay long. Summers are warm with an average summer temperate of in July. The summer months are the driest of the year with only of rain in July compared to in November. The average rain fall all year is making the west coast of Vancouver Island the wettest place in Canada. The record high recorded for the village was recorded on July 28, 2009. The record low was recorded on January 28, 1980.