66 TSX / NYSE: FNV Franco-Nevada Corporation Canada Overview Overview Precious Metals Greenstone Location: Ontario, Canada Operator: Equinox Gold Corp. / Orion Mine Finance Precious Metals: Au Royalty: NSR: 3% Salsberg Ashmore Greenstone Royalty Area 3% NSR McKelvie Lindsey Parent N km 0 3 Errington Ontario Greenstone Royalty Area Mineralized zones Mosher Shaft SP Zone Hardrock Geraldton Other Royalty Claims during the first five years is expected to average 414,000 ounces per annum with an average head grade of 1.45 g/t gold. Equinox Gold anticipated approximately two years of construction with six months of commissioning. Equinox Gold announced that construction had commenced in Q4 2021 and that as of the end of December 2022 construction of the project was on schedule and budget. At that time the Greenstone project was 65% complete and the first gold pour was expected in H1 2024. The project has a construction budget of $1.23 billion on a 100% basis. Construction on schedule and budget with first gold pour on track for the first half of 2024 Optimized feasibility study outlined potential 14-year mine life producing 414,000 ounce per annum during the first five years 2022 2021 2020 Revenue to Franco-Nevada ($ million) $ – $ – $ – M&I Resource (koz Au) 1 7,007 7,105 7,008 Inferred Resource (koz Au) 1 3,072 3,095 3,072 P&P Reserves (koz Au) 1 5,538 5,538 5,539 M&I Royalty Ounces (000s) 1, 2 210 213 210 Inferred Royalty Ounces (000s) 2 92 93 92 P&P Royalty Ounces (000s) 2 166 166 166 1 Please refer to the tables on pages 116-120 for a breakout of grade and tonnages by Mineral Resource category; all M&I categories are inclusive of Mineral Reserves 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 3.0% is applicable Franco-Nevada acquired a 3% NSR on Greenstone as part of its acquisition of a portfolio of approximately 20 royalties from Barrick in November 2013. The Greenstone project, previously called Hardrock, is being advanced by Greenstone Gold Mines L.P. (“Greenstone”), a 60/40 partnership between Equinox Gold and Orion Mine Finance, a private entity. The Greenstone mine encompasses a total Proven and Probable Mineral Reserve of 5.5 million ounces of gold (135.3 million tonnes grading 1.27 g/t) and a total Inclusive M&I Resource of 7.0 million ounces of gold (151.1 million tonnes grading 1.44 g/t) for the project. An optimized feasibility study prepared in December 2020 contemplated the construction of a 27,000 tonne per day processing facility and open-pit mining operation with production over a 14-year mine life. Gold production Greenstone, Ontario