Overview 1, 2 Precious Metals Royalty Ounces w vie er Asset Asset Type P&P (000s) M&I4 (000s) Inf (000s) v O South America Candelaria Stream 746 1,456 115 Antapaccay Stream 397 786 36 Antamina Stream 153 528 531 Condestable Stream 97 164 87 Tocantinzinho Stream 204 210 5 Cerro Moro NSR 14 17 6 Salares Norte NSR 39 45 2 Cascabel (Alpala)3 NSR 233 724 91 Posse (Mara Rosa) NSR 9 12 – CentroGold (Gurupi) NSR 11 17 6 Calcatreu NSR – 17 9 San Jorge NSR – 91 4 Central America and Mexico Cobre Panama Stream 4,532 4,758 750 Guadalupe-Palmarejo Stream 241 535 102 United States Stillwater NSR 879 1,316 1,497 Carlin Trend NSR/NPI 171 324 94 Marigold NSR 86 126 6 Bald Mountain NSR 22 101 11 Mesquite NSR 9 34 17 Castle Mountain NSR 110 149 38 Fire Creek/Midas NSR – 2 84 Hollister NSR – 2 8 Stibnite Gold NSR 82 107 27 Mountain View NSR – – 5 Canada Detour Lake NSR 414 773 23 Sudbury Stream 24 24 – Hemlo NSR/NPI 65 137 22 Brucejack NSR 47 86 37 Kirkland Lake NSR/NPI 29 63 58 Dublin Gulch (Eagle) NSR 24 43 5 Musselwhite NPI 31 39 7 Timmins West NSR 12 15 1 Canadian Malartic NSR 5 25 28 Magino NSR 49 80 11 Island Gold NSR 8 9 19 Greenstone NSR 166 210 92 Valentine Gold NSR 40 59 17 Golden Highway – Holt Complex NSR – 131 86 Golden Highway – Hislop NSR – 7 4 Golden Highway – Aquarius NSR – 22 – Eskay Creek NSR 56 78 3 Spences Bridge (Shovelnose) NSR – 16 5 Red Lake (McFinley) NSR 1 5 3 Courageous Lake NSR 66 82 40 Goldfields NSR – 20 4 Monument Bay NSR – 44 53 Red Mountain NSR 5 8 1 Fenelon-Martiniere NSR – 37 30 Marathon (Sally) NSR – 7 3 1 For information regarding the calculation of each Royalty Ounce, please refer to the individual asset sections. We have assumed $1,800/oz Au, $21/oz Ag, $900/oz Pt, $1,500/oz Pd, $4.00/lb copper, $11.00/lb nickel, $1.22/lb ferrochrome and $120/t Fe 62% CFR China for our calculations 2 Metallurgical deductions have not been made to the Mineral Resources and Mineral Reserves shown in order to estimate metal produced 3 Copper Royalty Ounces assume NSR deductions of 15% (for Sossego please refer to the Vale asset section); Nickel Royalty Ounces and Ferrochrome Royalty Ounces assume NSR deductions of 30%. Please also refer to the individual Vale (Northern & Southeastern System) & LIORC asset sections for the deductions applied to the Iron Ore Royalty Ounces 4 M&I Royalty Ounces include P&P Royalty Ounces 16 Franco-Nevada Corporation TSX / NYSE: FNV