Mineral Resources and Mineral Reserves Notes and Sources All Mineral Resources and Mineral Reserves have been calculated in accordance with CIM or Acceptable 47 Skeena Resources Limited; NI 43-101 Technical Report and Feasibility Study, September 19, 2022 w Foreign Codes for the purposes of NI 43-101, including Regulation S-K 1300, JORC, or SAMREC guidelines. 48 Evolution Mining Limited; ASX Announcement, February 16, 2023 vie Mineral Resources, which are not Mineral Reserves, do not have demonstrated economic viability. 49 Seabridge Gold Inc.; Mineral Resources and Mineral Reserves, June 2022 er Unless otherwise noted, Mineral Resources were reported by the operator inclusive of Mineral Reserves. 50 Fortune Bay Corp.; Goldfields Project NI 43-101 Technical Report on PEA, October 31, 2022 v O 51 Agnico Eagle Mines Limited; News Release, February 16, 2023 Contained metal does not take into account recovery losses. 52 Ascot Resources Ltd.; Annual Information Form, March 21, 2022 Franco-Nevada’s royalties or stream interests may not cover the operator’s entire property or all 53 Wallbridge Mining Company Limited; News Release, January 17, 2023 estimated Mineral Resources and Mineral Reserves or a combination of both. 54 Westhaven Gold Corp.; Shovelnose Gold Property NI 43-101 Technical Report, January 19, 2022 The grade of platinum group elements has been reported by the operators as either the sum of the 55 Regis Resources Limited; ASX Announcement, June 8, 2022 individual platinum group elements grades or the individual grades. In the cases where individual 56 Wiluna Mining Corporation Limited; ASX Announcements, April 12, 2022 and November 17, 2021 platinum group element grades have been reported, Franco-Nevada’s Qualified Person has calculated the sum of the platinum group element grades for presentation purposes. 57 Northern Star Resources Limited; ASX Announcement, May 3, 2022 Mineral Resources and Mineral Reserves based on publicly disclosed information available as of 58 Northern Star Resources Limited; ASX Announcement, May 3, 2022 March 9, 2023. 59 St Barbara Limited; 2022 Annual Report, September 16, 2022 Rows and columns may not add up due to rounding. 60 Matsa Resources Ltd.; Annual Report, October 12, 2022 and AngloGold Ashanti Limited; Mineral Resource and Ore Reserve Report as at December 31, 2021 Inferred Resources are in addition to Measured and Indicated Resources. See “Cautionary Note Regarding 61 Catalyst Metals Limited; ASX Announcement, November 10, 2022 Mineral Resource and Mineral Reserve Estimates”. 62 Norton Gold Fields Limited; Corporate Website, January 25, 2023 1 Mineral Resources reported by operator exclusive of Mineral Reserves. Franco-Nevada’s Qualified 63 Ramelius Resources Limited; ASX Release, September 13, 2022 etals Person determined the inclusive Mineral Resources by adding the exclusive Measured and 64 Ramelius Resources Limited; ASX Release, September 13, 2022 Indicated Mineral Resources to the Proven and Probable Reserves 65 Gascoyne Resources Limited; Corporate AGM Presentation, January 20, 2022 2 Mineral Resources and Mineral Reserves are reported by the operator in non-metric units. Franco- 66 Harmony Gold Mining Company Limited; Mineral Resources and Mineral Reserves Report, ecious M Nevada’s Qualified Person calculated the metric conversion using 1 opt = 34.286 g/t, 1 short ton = June 30, 2022 r 0.9018 metric tonnes, 1 oz = 31.1035 g 67 Endeavour Mining Corp.; News Release, March 9, 2023 P 3 Lundin Mining Corporation; News Release, February 8, 2023 4 The stream agreement applies to 100% of the property, but only with respect to the ownership 68 Kinross Gold Corporation; News Release, February 15, 2023 interest of Lundin Mining Corporation which indirectly owns 80% of the Candelaria Copper Mining 69 Newmont Corporation; News Release, February 23, 2023 Complex 70 Endeavour Mining Corp.; Annual Information Form, March 31, 2021 5 Glencore plc; Resources & Reserves as at December 31, 2022 71 Perseus Mining Limited; News Release, August 30, 2022 6 Southern Peaks Mining LP; Mineral Reserves: Email to Franco-Nevada (Barbados) Corporation, 72 Ariana Resources plc; News Release, February 1, 2022 February 28, 2023, containing reserve declaration. Mineral Resources: Letter to Franco-Nevada 73 Fortuna Silver Mines Inc.; News Releases, March 17, 2022 and December 05, 2022 (Barbados) Corporation, March 7, 2023, containing global, in situ, resource estimate 74 Eldorado Gold Corporation; News Release, December 5, 2022 7 Vale S.A.; Form 20-F as filed with the Securities and Exchange Commission on April 14, 2022. Details 75 Alamos Gold Inc.; News Release, February 21, 2023 of Vale’s Participating Debentures are available on Vale’s website 8 Yamana Gold Inc.; Technical Report, August 26, 2022 76 Perseus Mining Limited; News Release, August 30, 2022 9 Gold Fields Limited; Mineral Resources and Mineral Reserves Supplement to the Integrated Annual 77 Lundin Mining Corporation; News Release, February 8, 2023 Report 2021 78 Glencore plc; Resources & Reserves as at December 31, 2022 ssets 10 SolGold plc; Annual Report 2022, October 26, 2022 79 Teck Resources Limited; Annual Information Form, February 21, 2023 11 G Mining Ventures Corp.; Corporate Presentation, February 2023 80 The stream agreement applies to 100% of the property, but only with respect to the ownership 12 Hochschild Mining PLC; Annual Report & Accounts 2021 interest of Teck Resources Limited which indirectly owns a 22.5% interest in Compañía Minera 13 First Quantum Minerals Ltd.; Amended and Restated Technical Report, March 29, 2021 Antamina S.A. ersified A 14 OZ Minerals Limited; ASX Release, December 21, 2022 81 Southern Peaks Mining LP; Mineral Reserves: Email to Franco-Nevada (Barbados) Corporation, iv February 28, 2023, containing reserve declaration. Mineral Resources: Letter to Franco-Nevada D 15 Patagonia Gold Corp.; Investor Presentation, October 2022 (Barbados) Corporation, March 7, 2023, containing global, in situ, resource estimate 16 Coro Mining Corporation; Preliminary Feasibility Study, March 1, 2012 82 Yamana Gold Inc.; Technical Report, August 26, 2022 17 Hochschild Mining PLC; Annual Report and Accounts 2021, April 20, 2022 83 Gold Fields Limited; Mineral Resources and Mineral Reserves Supplement to the Integrated Annual 18 First Quantum Minerals Ltd.; Annual Information Form, March 28, 2022 Report 2021 19 Coeur Mining, Inc.; News Release, February 22, 2023 84 SolGold plc; Annual Report 2022, October 26, 2022 20 Barrick Gold Corporation; Press Release, February 9, 2023. Carlin Trend includes Goldstrike, Gold 85 Patagonia Gold Corp.; Investor Presentation, October 2022 Quarry and South Arturo as well as other properties where Franco-Nevada has no royalties or 86 First Quantum Minerals Ltd.; Annual Information Form, March 28, 2022 stream interests 87 Hecla Mining Company; News Release, February 14, 2023 es 21 SSR Mining Inc.; Form 8-K, September 29, 2022 88 Skeena Resources Limited; NI 43-101 Technical Report and Feasibility Study, September 19, 2022 v 22 Kinross Gold Corporation; News Release, February 15, 2023 eser 89 Millennial Precious Metals Corp.; Corporate Presentation, January 2023 23 Equinox Gold Corp.; Mineral Reserves & Mineral Resources, October 19, 2022 90 Sibanye Stillwater Limited; Market Release, February 17, 2023 al R 24 Equinox Gold Corp.; Mineral Reserves & Mineral Resources, October 19, 2022 91 KGHM does not provide updated Mineral Resource and Mineral Reserve estimates. As such, Franco- iner 25 Hecla Mining Company; News Release, February 14, 2023 Nevada has chosen not to display the historical figure moving forward 26 Hecla Mining Company; News Release, February 14, 2023 92 Noront Resources Ltd.; NI 43-101 Technical Report Feasibility Study, September 4, 2012 27 Perpetua Resources Corp., Annual Report, March 18, 2022 93 Generation Mining Limited; Corporate Presentation, June 2022 es and M 28 Gold Bull Resources Corp.; Technical Report, October 27, 2022 94 Lonmin plc; Mineral Resource and Mineral Reserve Statement 2017 c 29 KGHM Polska Miedź S.A.; Mineral Resources and Reserves Report, December 31, 2014 95 Vale S.A.; Form 20-F as filed with the Securities and Exchange Commission on April 14, 2022. Details esour 30 Millennial Precious Metals Corp.; Corporate Presentation, January 2023 of Vale’s Participating Debentures are available on Vale’s website al R 31 Agnico Eagle Mines Limited; News Release, February 16, 2023 96 SolGold plc; Annual Report 2022, October 26, 2022 32 KGHM does not provide updated Mineral Resource and Mineral Reserve estimates. As such, Franco- 97 Teck Resources Limited; Annual Information Form, February 21, 2023 iner Nevada has chosen not to display the historical figure moving forward 98 First Quantum Minerals Ltd.; Amended and Restated Technical Report, March 29, 2021 M 33 Barrick Gold Corporation; Press Release, February 9, 2023 99 Los Andes Copper Ltd.; News Release, February 23, 2023 34 Pretium Resources Inc.; 2021 Brucejack Mine Mineral Resources and Mineral Reserves 100 Hudbay Minerals Inc.; News Release, June 8, 2022 35 Agnico Eagle Mines Limited; News Release, February 16, 2023 101 KGHM Polska Miedź S.A.; Mineral Resources and Reserves Report, December 31, 2014 36 Victoria Gold Corp.; News Release, February 24, 2023 102 Glencore plc; Resources & Reserves as at December 31, 2014 37 Newmont Corporation; News Release, February 23, 2023 103 Noront Resources Ltd.; NI 43-101 Technical Report Feasibility Study, September 4, 2012 38 Pan American Silver Corp.; NI 43-101 Technical Report, June 30, 2021 104 Canada Nickel Company Inc.; Corporate Presentation, February 2023 39 Agnico Eagle Mines Limited; News Release, February 16, 2023 105 BHP Group Limited; Annual Report 2022 40 Alamos Gold Inc.; News Release, February 21, 2023 106 Noront Resources Ltd.; Corporate Website, March 7, 2022 41 Agnico Eagle Mines Limited; News Release, February 16, 2023 107 Vale S.A.; Form 20-F as filed with the Securities and Exchange Commission on April 14, 2022. Details 42 Agnico Eagle Mines Limited; News Release, February 16, 2023 of Vale’s Participating Debentures are available on Vale’s website 43 Agnico Eagle Mines Limited; News Release, February 16, 2023 108 Labrador Iron Ore Royalty Corporation; Annual Information Form, March 7, 2023 44 Argonaut Gold Inc.; Magino Gold Project NI 43-101 Technical Report, March 3, 2022 109 Franco-Nevada holds a 9.9% equity interest in Labrador Iron Ore Royalty Corporation (“LIORC”). 45 Equinox Gold Corp.; Mineral Reserves & Mineral Resources, October 19, 2022 LIORC, directly and through its wholly-owned subsidiary, owns a 15.1% equity interest in Iron Ore Company of Canada and receives a 7% gross overriding royalty on the operation and also receives a 46 Marathon Gold Corporation; News Release, December 7, 2022 C$0.10/t commission on sales of iron ore 120 Franco-Nevada Corporation TSX / NYSE: FNV