The direct-acting, standard, Corliss, double rell, flat-rope hoist was originally installed here at the Gold Coin Mine for the 1200-foot deep shaft. Around World War I, the hoist was moved to the Portland No. 2 shaft where is subsequently serviced serviced a 3500-ft. deep shaft. The hoist was electrified for this deeper work by the Portland Gold Mining Company.
in 1988, during a severe wind storm, the Portland II Headframe fell over due to the rotting timber legs at ground level. The hoist was then moved back to the Gold Coin Shaft where it has been restored.