Canada Detour Lake Location: Ontario, Canada Franco-Nevada has a 2% NSR royalty that covers an area ww Operator: Agnico Eagle Mines Limited 2 vievie Precious Metals: Au of 140 km of the Abitibi greenstone belt located 185 km erer Royalty: NSR: 2% northeast of Cochrane, Ontario including the Detour vv OO Lake mine. 2022 2021 2020 From 1983 through 1999, Placer Dome Inc. operated an underground mine on the property producing approximately 1.8 million ounces Revenue to Franco-Nevada ($ million) $ 26.3 $ 25.3 $ 20.4 of gold. M&I Resource (koz Au)1 38,638 29,752 20,432 Detour Gold Corporation (“Detour Gold”) drilled out a large open pittable Inferred Resource (koz Au)1 1,156 1,196 1,470 resource and developed the current open pit mine with first production in P&P Reserves (koz Au)1 20,683 15,034 15,775 2013. Detour Lake rivals Canadian Malartic as Canada’s largest gold mine. 1, 2 Kirkland Lake Gold Ltd. (“KLG”) acquired Detour Gold in 2020 and Agnico M&I Royalty Ounces (000s) 773 595 409 2 Eagle Mines Limited (“Agnico Eagle”) and KLG merged in February 2022, Inferred Royalty Ounces (000s) 23 24 29 2 with the combined company continuing as Agnico Eagle. P&P Royalty Ounces (000s) 414 301 316 etals 1 Please refer to the tables on pages 116-120 for a breakout of grade and tonnages by Mineral Production at Detour Lake was 732,572 ounces of gold in 2022, an annual Resource category; all M&I categories are inclusive of Mineral Reserves record, compared with 712,824 ounces of gold in 2021. Production for 2 For Royalty Ounce calculation, Franco-Nevada estimates 100% of the Mineral Resources and Mineral Reserves are subject to our royalty interest and estimates a rate of 2.0% is applicable Detour Lake is anticipated to be between 675,000 to 705,000 ounces of ecious M r gold per year in 2023, 685,000 to 715,000 ounces in 2024 and 725,000 to P 755,000 ounces in 2025. Detour Lake, Ontario 54 Franco-Nevada Corporation TSX / NYSE: FNV