Towers Hill has been the site of many major milestones in the history of Charters Towers. Jupiter Mosman is believed to have discovered the first gold at the foot of the hill, and the first mining lease, the North Australian, commenced operations there in the 1870s. Several other mines also sprang up around the Hill, burrowing tunnels deep into its depths.
The Pyrites Works were constructed on the eastern side of Towers Hill in 1888 and remnants of the ruins of this colossal mill are still visible today. The towering 55m chimney belonging to the mill remained standing until 1942.
At the advent of World War Two, Charters Towers was selected as a centre for various Air Force and Army bases, and as Towers Hill with its very visible chimney was deemed a danger to low-flying aircraft it was demolished. All around the western side of Towers Hill is still dotted with concrete bunkers from the Replenishing Centre which utilised the area, and especially the old mining tunnels to store bombs and other explosives for the aircraft heading out over the Pacific theatre of war.
Towers Hill is now a site visited by thousands of tourists, who read informative panels about the mining history of the the town, view videos in the bunkers about the World War Two contributions of Charters Towers, watch a movie about the Ghosts of Gold at the small shelter at the very top, and take in the views from high above the surrounding plains. Locals also utilise the walking tracks to exercise and watch the spectacular sunsets from the top.