Canada BRUCEJACK w Location: British Columbia, Canada | Operator: Newmont Corporation | Precious Metals: Au & Ag | Royalty: NSR: 1.2% vie Over In May 2013, Franco-Nevada purchased an existing 1.2% NSR royalty covering Newmont Corporation’s (“Newmont”) Brucejack gold project in northwestern British Columbia. 2023 2022 2021 Newmont advancing synergies post Newcrest acquisition Revenue to Franco-Nevada ($ million) $ 5.9 $ 5.8 $ 7.0 High-grade results from Golden Marmot and 1080 HBx M&I Resources (koz Au)1,2 3,600 7,200 7,200 Zone on royalty ground Inferred Resources (koz Au)1,2 4,000 3,100 3,100 P&P Reserves (koz Au)1,2 3,100 3,900 3,900 M&I Royalty Ounces (000s)1,2,3 43 86 86 Brucejack Inferred Royalty Ounces (000s)2,3 48 37 37 1.2% NSR 0 N P&P Royalty Ounces (000s)2,3 37 47 47 2 Precious Metals kilometer 1 Please refer to the tables on pages 118-124 for a breakout of grade and tonnages by Mineral Resource category; all M&I categories are inclusive of Mineral Reserves 2 Does not include silver Mineral Resources or Mineral Reserves 3 For Royalty Ounce calculation, Franco-Nevada estimates that 100% of the remaining Mineral Resources and Mineral Reserves are subject to our royalty interest and estimates a rate of 1.2% is applicable The project includes two principal deposits, the Valley of the Kings Snoweld and the West Zone. The mine was developed by Pretium Resources Inc. (“Pretium”) and commenced production in 2017. Newcrest Mining Limited (“Newcrest”) acquired Pretium in early 2022, with Newmont acquiring Brucejack through its acquisition of Newcrest in November 2023. Brucejack produced approximately 315,000 ounces of gold in 2023 versus 250,357 in the full 2022 calendar year. Newmont 1.2% NSR is expecting Brucejack to produce approximately 310,000 ounces of gold for 2024. Pretium’s guidance in March 2020 stated a life of mine Brucejack Property average annual production of approximately 311,000 ounces of gold Golden with a 13-year mine life. Production at Brucejack was impacted by a Hanging Marmot Covered by Royalty temporary suspension of operations in October 2022 and in December Glacier Zone Zone 2023, Newmont suspended mining operations at the site to conduct Excluded from Royalty a full investigation following a tragic fatality. The site ramped up to full SG Zone operations by the end of January 2024 and is focused on the integration Bonanza and implementation of Newmont’s Fatality Risk Management program, Zone Shore Zone which is designed to ensure safe operations, as well as Newmont’s Gossan Hill Zone Brucejack Full Potential program to deliver synergies. In February 2024, Newmont Lake issued updated mineral reserves. The reduced mineral inventory West Zone encompasses a total Proven and Probable Mineral Reserve of 3.1 million ounces of gold (11.5 million tonnes grading 8.44 g/t), an exclusive M&I Resource of 0.5 million ounces of gold (1.8 million tonnes grading 7.64 Brucejack Mine g/t) and an Inferred Resource of 4.0 million ounces of gold (12.1 million Valley of Flow Dome tonnes grading 10.35 g/t). the Kings Zone Bridge Zone Drilling in 2023 continued to intersect significant mineralization outside the current Mineral Resource. Drilling from the underground continued to test the extents of the HBX Domain, demonstrating the potential for further resource growth. A surface exploration program to test the potential of the Valley of the Kings deposit beyond the limits of current underground development was completed during Q3 2023, with several targets identified for drilling. These results were a follow-up from exploration drilling done in 2022 that confirmed the potential for resource growth at the Valley of the Kings deposit and surrounding area. High-grade results were Brucejack Property returned from the 1080 HBx Zone and Golden Marmot during 2022, both Stewart areas which are covered by Franco-Nevada’s royalty and located outside British of the current published resource. Near-mine exploration targets on royalty Columbia ground outside of the West Zone include the Bridge Zone, Shore Zone, Gossan Hill Zone, SG Zone, Bonanza Zone and the western portion Vancouver of the Flow Dome Zone. 58 ★ Franco-Nevada Corporation TSX / NYSE: FNV