Canada Mill expansion activities progressed as planned in 2022. In 2023, the The Detour Lake mine continues to have strong exploration upside focus remains on optimizing mill processes and improving runtime primarily to the west and at depth, suggesting potential for an to achieve, and potentially surpass, a throughput rate of 28.0 million underground mine and extensions to the current four open pits. In 2023, tonnes per year. Continued exploration success in 2022 resulted in exploration is expected to focus on extending mineralization to the west the addition of 5.6 million ounces of gold in Mineral Reserves and an and establishing an initial underground mineral resource in order to additional 3.2 million ounces in exclusive Measured and Indicated support potential underground mining operations. In 2023, Agnico Eagle Mineral Resources. The Franco-Nevada royalty includes all the Mineral expects to provide an update on the pathway to potentially increase Resources and Mineral Reserves on the property, except Detour Zone 58N production to one million ounces of gold per year. (approximately 0.5 million ounces) which sits to the south of the main mineralized trend. Significant Mineral Resource and Mineral Reserve An updated technical evaluation announced in July 2022 outlined an increase in 2022 expanded mine plan, extending the expected mine life by 10 years to New life-of-mine plan extending mine life by 2052 and increasing longer term production rates. The study indicates 10 years to 2052 average gold production of approximately 765,000 ounces per annum from 2026 to 2042 and then approximately 300,000 ounces per annum Agnico Eagle exploring pathway to one million from 2043 to 2052 as stockpiles are processed at the end of the mine life. ounces of gold per year Detour Lake Royalty Area Gowest Property West 2% NSR Pit N Block A North Mine 0.5-1% NSR Pit Property 0 2.5 5 km Block B Block D D iv Sunday Lake ersified A Main Pit Deformation Zone Block C Lower Detour Lake io ssets Deformation Zone tar Zone 58N On uebec Q Block E North Pit Reserve Pit Outline Detour Lake Mine Other Quebec royalty claims Resource Pit Outline 0 1 not shown West Pit Current Pit Outline km M Saddle iner Zone Detour Mine Trend al R Main Pit esour c Ontario es and M Sunday Lake Detour Deformation Zone Current Pit Outline Lake Quebec iner al R eser v es A dditional I nf orma tion TSX / NYSE: FNV Franco-Nevada Corporation 55