The local residents of Gümüşhane region were Laz people also called Chan (Tzan; by Georgians) i.e. Chald (Halt; by themselves). Just after the fall of Trebizond (1461) and the town soon became a home for miners. Sultan Murad ΙΙΙ (1574–1595) appears to have granted extra privileges to the chief miners and the town prospered and soon became a centre of Hellenism. At the time, it had 60,000 residents. Its trade was increasing and the whole province of Chaldia was on the rise. Another example of its development was that they minted coins with the name Kioumous-hane on them. Another example was the settlement of chief mining families there such as the Sarasites, the Karatsades, the Stavracoglous, the Kalimachidises, the Grigorantons and others. There were also more jewellery shops opening, as well as more hagiography and other arts in the region.