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Rest of World Sissingué Location: Côte d’Ivoire Perseus commenced commercial gold production at the end of March Operator: Perseus Mining Limited 2018 and, by December 2022, approximately 393,000 ounces of gold Precious Metals: Au had been produced at the mine. Perseus reported 2022 production Royalty: NSR: 0.5% from Sissingué of 53,094 ounces of gold and Franco-Nevada received $0.5 million of royalty revenue for the year. In 2013, Franco-Nevada acquired a 0.5% NSR on tenements On March 28, 2022, Perseus announced that the mine life for Sissingué that comprise the Sissingué gold project located in Côte had been extended to March 2026 with estimated average annual d’Ivoire operated by Perseus. production of 72,000 ounces of gold. Ore will be sourced from the SGM, Bagoé and Fimbiasso deposits and a total of 252,000 ounces of gold are forecast to be recovered over the life of the operation. Production in the The project is comprised of the Sissingué Gold Mine (“SGM”) and the latter years is forecast to come primarily from the Fimbiasso and Bagoé satellite deposits Fimbiasso and Bagoé. Franco-Nevada’s royalty covers satellite deposits, which is not covered by Franco-Nevada’s royalty. There SGM but does not cover the Fimbiasso and Bagoé claims. is, however, potential for a further mine life extension by processing low grade ore stockpiles. Perseus continues to explore the property to potentially increase the mine life. For Royalty Ounce calculation, Franco-Nevada estimates 100% of Mineral Resources and Mineral Reserves are subject to our royalty interest and estimates a rate of 0.5% is applicable Pandora Location: South Africa Under Sibanye-Stillwater, Pandora is now grouped as part of its Operator: Sibanye-Stillwater Marikana operations. Franco-Nevada has a 5% NPI royalty that includes Precious Metals: PGM a small minimum annual payment of 100,000 South African Rand. The Royalty: NPI: 5% underground mining operation exploits the UG2 reef horizon with access via a decline from surface. Pandora hosts a large orebody. Historical D iv studies have evaluated with parallel decline that would substantially ersified A The Pandora property forms part of the Bushveld complex increase production levels. A deepening of the decline was completed approximately 40 km east of the town of Rustenburg, in 2013, accessing the nine and ten levels. Franco-Nevada has received South Africa and is 100% owned by Sibanye-Stillwater only modest NPI payments in recent years, although it is anticipated that ssets a good portion of planned future mining is covered by Franco-Nevada’s following its acquisition of Lonmin plc (“Lonmin”) in 5% NPI royalty. June 2019. For Royalty Ounce calculation, Franco-Nevada estimates 80% of the Mineral Resources and Mineral Reserves are subject to our royalty interest and estimates an equivalent NSR royalty rate of 0.77% (1.03% in 2021, 1.04% in 2020) is applicable assuming an all in cost of $1,239/ounce ($1,199/ounce in 2021, $1,212 in 2020). For 2020 through 2022, Franco-Nevada has assumed a lower margin for the project than in previous years. PGM ounces are converted into Royalty Ounces assuming $900/ounce Pt and $1,500/ ounce Pd ($1,000/ounce Pt and $2,100/ounce Pd in 2021, $1,100/ounce Pt and $2,200/ounce Pd in 2020) M iner al R esour c Yandal (Bronzewing) es and M Location: Australia Yandal project also includes the Julius deposit where Franco-Nevada has iner Operator: Northern Star Resources Limited a 1.5% NSR royalty under a separate royalty agreement. During 2021, Precious Metals: Au Northern Star developed Julius as a satellite deposit of the Jundee Gold al R Royalty: NSR: 2% Mine and Franco-Nevada received $1.2 million of royalty revenue from eser v Julius in 2022. Northern Star announced plans to return Bronzewing into es production at a rate of 150,000 ounces of gold per year, using the Orelia Bronzewing is located in the Yandal Greenstone Belt of Pit as the primary ore source, which is 100 km north of the Thunderbox Western Australia. Franco-Nevada’s royalty covers 590 km2 Mill, where the ore will be processed. Allocated capital for the project was including all Mineral Resources identified. A$270 million; (i) A$180 million to double capacity at the Thunderbox Mill from 3.0 Mtpa to 6.0 Mtpa and (ii) A$90 million to develop the Orelia Pit. Thunderbox Mill expansion was completed in December 2022 Bronzewing produced 2.19 million ounces of gold from several open-pit A and underground deposits from 1994 to 2004 and a further 0.19 million and commissioning underway. Orelia Pit scheduled for production in dditional I ounces from open-pit deposits from 2010 to 2013. The project has Northern Star’s fiscal year ending June 2024. changed ownership several times since 2013. Northern Star acquired For Royalty Ounce calculation, Franco-Nevada estimates 47% of Mineral Resources and Mineral Reserves (100% in 2021, 100% in 2020) are subject to our royalty interest and estimates a rate of 2.0% is applicable nf the project in November 2019 in a A$193 million take-over deal. The orma tion TSX / NYSE: FNV Franco-Nevada Corporation 81

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