Responsible Capital Allocation Community Contributions Good Governance & Shareholder Alignment Diversity, Inclusion & Well-Being Climate Action Transparency & Guiding Principles Appendices 13 1,2 Tailings Management Top Mining Assets: Selected Tailings Dam Characteristics With several major disasters occurring in the last Responsible tailings management requires Number Tailings Classification Asset of active dam type system adopted decade, tailings dams have been under increased operators to consider the management and tailings dams regulatory scrutiny and have triggered an governance of tailings storage facilities Cobre Panama Downstream/ international response. In 2019, the Church throughout their lifecycle, from design to (Panama) 1 centreline hybrid (1) Canadian Dam Association of England Pensions Board and the Council closure and post-closure. When deciding where SERNAGEOMIN DS 248/2007 on Ethics of the Swedish National Pension Funds to deploy capital, depending on the stage Candelaria 2 Downstream (2) and DGA Decreto 50 (2015), wrote to mining companies, requesting disclosure of development of an applicable project, (Chile) Chile of details of their tailings storage facilities Franco-Nevada reviews all aspects of a project’s Antapaccay and identifying the lack of a global tailings planned or existing waste and tailings storage (Peru) 1 Not defined Canadian Dam Association management standard as one possible contributor facilities. When negotiating new royalty or Guadalupe- to the recent disasters. The Global Industry stream acquisitions, we endeavour to negotiate Palmarejo (Mexico) 1 Downstream (1) Canadian Dam Association Standard on Tailings Management (the “Global contractual arrangements such that the operator Standard”) was launched in August 2020, aimed commits to implement the Global Standard or Antamina 1 Downstream/ Canadian Dam Association towards the goal of zero harm. Nine of our 10 Top another equivalent international tailings standard (Peru) centreline hybrid (1) Mining Producers have since agreed to fully in respect to their tailings storage facilities and Northern and Downstream (14), Ordinance 70.389/17 - implement the Global Standard or have otherwise to provide Franco-Nevada with ongoing reporting Southeastern 49 single step (23), ANM (Mining National 3 Systems (Brazil) upstream (12) Agency), Brasil adopted the Towards Sustainable Mining (TSM) with respect to adherence to such standards. framework, with the remaining one Top Mining MWS 1 Upstream (1) SANS 10286, South Africa Producer (Harmony Gold) implementing certain On this page, we have highlighted certain (South Africa) aspects of the Global Standard. Further, attributes of the tailings storage facilities Stillwater 3 Downstream (3) US Army Corp of Engineers comprehensive information relating to all our for our Top Mining Assets. (USA - Montana) Top Mining Assets’ tailings dams have been made Detour Lake 1 Centreline (1) Canadian Dam Association publicly available by our Top Mining Producers (Canada - Ontario) and is available on the Global Tailings Portal - Hemlo Upstream/ see tailing.grida.no (Canada - Ontario) 1 downstream hybrid (1) Canadian Dam Association 1 Tailings data sourced from Global Tailings Portal and Vale S.A. reporting. 2 Vale S.A. figures include tailings, sediment dams and other similar internal structures. 3 Tailings dams are on the entirety of the Northern and Southeastern Systems and not necessarily covered by Franco-Nevada’s effective royalty grounds. Includes dams undergoing decharacterization. “Nine of our 10 Top Mining Producers have since agreed to fully implement the Global Industry Standard on Tailings Management or have otherwise adopted the Towards Sustainable Mining (TSM) framework...”