This landform's toponym has been officially adopted by the United States Board on Geographic Names. The peak is named in association with the gold miningboomtown of Cornucopia which became active in the late 1800s. The Cornucopia mines on the peak's east slope were ranked number one of lode mines in Oregon. A fire lookout was built on the summit in 1924, but no longer exists having been removed long ago. Cornucopia Peak is an attractive backcountry ski destination in winter, but in 2014 a guided tour of eight skiers was caught in an avalanche resulting in two fatalities and two others severely injured.