Ivan Bebek is a veteran mining entrepreneur, Chair and Director of Fury Gold Mines, President and CEO of Sombrero Resources and Chair and Director of Tier One Silver.

Where did you grow up and what was your childhood like? Did you have any particular experiences/stories that shaped your adult life?

I grew up in Vancouver, Canada, the mecca of exploration and mining. My parents were European immigrants, and they created a first-class lifestyle for our family through considerable work ethic, drive, and ambition in a country where they had to learn the language and establish themselves. This obviously was a major inspiration for me as I had more tools at my disposal in terms of education and opportunity, which I was fortunate enough to apply under some great mentors and leaders in the mining exploration and finance industry.

What is something you wish you would’ve realized earlier in your life?

I have always been a visionary and strategic-minded person which has helped me lead a life without regrets.

What are bad recommendations you hear in your profession or area of expertise?

As an eternal optimist and forward thinker, I have always focused on the positives and pursued constructive recommendations in my profession.

Tell me about one of the darker periods you’ve experienced in life. How you came out of it and what you learned from it?

I have experienced financial volatility of consequence on both sides of zero, however, I overcame the sub-zero experiences both times. I applied a level of focus, patience, and work ethic to recover from the challenging time. I learned a lot more on the way down than on the way up and became far more humble with any successes and now respect the difference between luck and skill. I believe you can create your own luck through hard work and smart decisions.

What is one thing that you do that you feel has been the biggest contributor to your success so far?

I try to work harder than everyone else around me and use that work ethic as a tool to mitigate the risk of taking very big swings at successes in my industry. This has given me the opportunity to raise a considerable amount of money and employ leadership amongst a group of partners, a team of professionals, and shareholders in our companies to help achieve significant goals.

What is your morning routine?

I wake up between 3:00-5:00 am and start communicating with investors and contacts, mentally planning my day, and organizing my goals prior to my kids waking up. I pause work and help get them through breakfast and to school which usually absorbs an hour from 6:30-7:30 am. I then proceed to have a coffee and dive deep into several calls and meetings throughout the day.

What habit or behavior that you have pursued for a few years has most improved your life?

Sports, mainly golf and tennis, help to decompress any stress and relieve any clouds of judgment due to the busyness and bias that can occur. It’s a form of meditation for me.

What are your strategies for being productive and using your time most efficiently?

I usually try to compress my busy days in the mornings as I find my mind is the sharpest at that time and my productivity is the highest. I surround myself with amazing people whom I respect and can collectively help achieve goals and execute on strategies we have in an efficient manner.

What book(s) have influenced your life the most? Why?

Buffetology, a book about Warren Buffet the legendary contrarian investor. I read this book prior to becoming an investment advisor in 1999 and further evolving into a mining entrepreneur in 2002. This book heavily influenced my decision to pursue a career in mining exploration due to the grossly undervalued state of the mining sector, and the lower metal prices while the “.coms” were at their peak. The book encouraged looking for undervalued industries to mitigate risk and capture the safest potential upside.

Do you have any quotes you live by or think of often?

“No guts, no glory”. This was a quote I heard from the famous mining entrepreneur Adolf Lundin. My entire career, which has been fortunate to have had some great successes, has been driven by a measure of risk relative to the rewards achieved. Finding mines is very difficult and I have never seen a major discovery or reward without major risk. The quote has impacted my unhealthy appetite for exploration of major discoveries.