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Bills Commentary :

In memory of Jim Sinclair, Mr. Gold.

It is with a sad heart to announce that my friend, business partner and mentor Jim Sinclair passed away last Friday. He was a font of knowledge and gladly gave this knowledge away to anyone willing to listen and connect the dots. Jim had a storied career in global finance, and always knew that in the end, all monetary roads led right back to gold. I am especially sad that he left us just as his final deal, TRX, became solid and into commercial production. He believed this would be his largest by orders of magnitude and devoted his final years to its success. “Mr.Gold” will be missed by more people than he knew. RIP James E. Sinclair (Seligman).

TRX Gold Announces Passing of Founder and Chairman James E. Sinclair
TORONTO, Ontario, October 9, 2023 – TRX Gold Corporation (TSX: TNX) (NYSE American: TRX) (the “Company” or “TRX Gold”) is deeply saddened to announce the passing of its founder and Chairman James E. Sinclair on October 6, 2023, at the age 82. James passed away peacefully at home in Connecticut, U.S.A.

James founded TRX Gold and acted as Chairman and Director since 2000. His belief in Tanzania as a gold-rich landscape, in the ability and talent of the region’s people, and the openness of Tanzanian government to foreign investors, formed the basis for his perseverance in unlocking the Buckreef Gold Project’s potential. Until his final moments, James acted as a supporter, mentor and point of reference.

“This is a great loss and moment of sadness for all of us at TRX Gold and the Buckreef Gold Project. On behalf of the Company and its Board of Directors, we wish to offer Mr. Sinclair’s family our sincerest condolences. James was always positive and forward-looking and was excited by the trajectory of the Company. He was a tenacious, hard driving individual who challenged everyone around him to move forward and be better. We will continue to build on our current successes and his substantial legacy,” explains Stephen Mullowney, TRX Gold Chief Executive Officer.

To those outside of the Company, James was perhaps best known as “Mr. Gold”, being a true believer in the value of gold and its ability to generate and preserve wealth. He is remembered for boldly and accurately predicting that the price of gold would rise from $150 per troy ounce to $900 per troy ounce, between 1977 and 1980. He led a successful career as a precious metals specialist, market maker, and commodities and foreign currency trader. He was the original founder and explorer of the Bulyanhulu mine through Sutton Resources, which is one of the most productive gold mines in Tanzania to this day. He was a notable author and commentator on topics such as precious metals, trading strategies, geopolitical events and global markets. Incredibly, through the ups and downs of the financial markets, his audience has remained faithful over the last two decades and more.

His memory lives on with more than 500 TRX Gold and Buckreef Gold employees and contractors on two continents, as well as the countless individuals he touched through his work around the world.

8 thoughts on “”

  1. He was an inspiration through his intelligence, his honesty and his sincerity in wanting to make the world a better place.
    Kelly McKennon

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  3. A real tragedy Bill.

    The wisdom that flowed through him (you and Dave) was worth every penny as a subscriber to the premium service with the weekly podcast. Jim wasn’t able to see his end predictions come to pass as things are about to get really bad in the world but God spared a old man from having to endure some very harsh times.

    He will be missed.

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  4. I have followed “Mr. Gold” for many years. His understanding of the purposes of gold and the challenging ‘market’ forces was second to none.
    His most recent projections of where gold will be in the near future will no doubt evolve
    into being another accurate milestone. Rest in Peace, Mr. Sinclair…a most honorable man.

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  5. Hello Bill, My sincerest condolences to you, indeed to all of us, on this sad news. I had followed Jim since he was posting on Jim Puplava’s site, Financial Sense Online, back in the late 90s and invested in TRX right from its inception. Those that followed him learned a lot and are richer for it in many ways. He will be sorely missed. Jon Wintrob

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  6. I am glad he handed the baton to you and will honor Jim’s long tenure educating me about gold with JSMineset. God bless him.

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