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South America Tocantinzinho Location: Brazil, South America Operator: G Mining Ventures Corp. Precious Metals: Au Stream: Gold Stream 2022 2021 2020 Revenue to Franco-Nevada ($ million) $ – $ – $ – M&I Resource (koz Au)1 2,102 – – Inferred Resource (koz Au)1 50 – – P&P Reserves (koz Au)1 2,042 – – 1, 2 M&I Royalty Ounces (000s) 210 – – 2 Inferred Royalty Ounces (000s) 5 – – 2 P&P Royalty Ounces (000s) 204 – – 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 it will receive 12.5% of gold produced which reduces to 7.5% after 300,000 ounces of gold have been delivered. The stream interest has been Tocantinzinho, Brazil factored by 80% to reflect an ongoing payment price of 20% of the spot price for each ounce of gold delivered ($1,800 per ounce gold for 2022) Tocantinzinho is a conventional open pit mining and milling operation. On July 18, 2022, Franco-Nevada (Barbados) Corporation, On February 9, 2022 G Mining Ventures announced a positive feasibility a subsidiary of Franco-Nevada, announced a study on Tocantinzinho constructing a 12.6 ktpd mill and producing $352.5 million funding package with G Mining Ventures 1.8 Moz of gold over 10.5 years, resulting in an average annual gold Corp. on the Tocantinzinho gold project in Brazil. production profile of approximately 175 koz with an all-in-sustaining cost of $681/oz and initial capital cost of $458 million. Tocantinzinho is located in the Tapajos region of Pará State, Brazil, 200 km The project has commenced construction with first production expected south-southwest of the city of Itaituba, and is owned and operated by in the second half of 2024. Based on expected mine performance, full G Mining Ventures Corp. (“G Mining Ventures”). year contributions to Franco-Nevada from the project are expected to D average approximately 24,500 GEOs per year over the first five years of iv The construction funding package included a $250 million gold stream, full production. ersified A $75 million secured term loan and $27.5 million of G Mining Ventures’ common shares. Experienced team with track record of successful project delivery ssets Under the streaming agreement, Franco-Nevada will receive 12.5% of gold produced which reduces to 7.5% after 300,000 ounces of gold have Project financing in place been delivered. Franco-Nevada pays an ongoing price of 20% of the spot gold price for each ounce of gold delivered. Large, prospective land package of The $75 million, six-year term loan is available for a period of 3.5 years, approximately 996 km2 drawable quarterly at G Mining Ventures’ option following full funding of the stream with an interest rate of 3-Month Term Secured Overnight M Financing Rate (“3-Month SOFR”) +5.75% per annum, reducing to iner 3-Month SOFR+4.75% after completion tests have been achieved at Tocantinzinho al R the project. Gold Stream esour c N es and M 0 10 km iner al R eser Tocantinzinho v es Licenses under application Mining Licenses Exploration Licenses A dditional I nf orma tion TSX / NYSE: FNV Franco-Nevada Corporation 31

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