Corona was a large property situated north of Broken Hill. In 1903 it consisted of 1,657,600 acres, of which 2,860 were freehold, 828,740 were leasehold and 826,000 were under occupation licence. Managed under the direction of Goldsbrough, Mort & Company Limited, the station was divided into three portions - Corona Head Station where the manager resided, and Teilta and Fowler's Gap which were under the charge of the overseer.

Richard Goldsbrough formed a wool broking firm in Melbourne in 1848. In 1881 it merged with the Australian Agency and Banking Corporation Ltd to become R Goldsbrough and Company Limited. The purchase in 1888 of the Sydney firm Mort and Company Limited, established in 1843 by Thomas Mort, led to a change of name to Goldsbrough Mort and Company Limited. It kept this name until the merger with Elder Smith and Company Limited in 1962 which formed Elder Smith Goldsbrough Mort.