United States MESQUITE Location: California, United States | Operator: Equinox Gold Corp. | Precious Metals: Au | Royalty: NSR: 0.5-2% Mesquite is a gold operation located in southeast California, 70 km northwest of Yuma, Arizona and 230 km east of San Diego, California. 2023 2022 2021 Revenue to Franco-Nevada ($ million) $ 3.1 $ 4.1 $ 4.4 M&I Resources (koz Au)1 1,016 1,855 1,924 Inferred Resources (koz Au)1 510 912 928 P&P Reserves (koz Au)1 584 471 471 1,2 M&I Royalty Ounces (000s) 19 34 31 2 Inferred Royalty Ounces (000s) 9 17 15 2 P&P Royalty Ounces (000s) 11 9 8 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 For Royalty Ounce calculation, Franco-Nevada estimates 100% of the Mineral Resources and Mineral Reserves are subject to our royalty interest and estimates a rate of 1.85% is applicable Mesquite, California The mine is an open pit, run-of-mine, heap leach operation. Franco- Nevada holds royalties on the entire Mesquite mine property that Mining at Mesquite in 2024 will be focused on waste stripping the range from a 0.5-2% NSR, depending on the claim block, as shown Ginger pit, which is expected to deliver the majority of ounces in early on the schematic. 2025. Efforts to establish additional mineral reserves through In 2023, 16,988 kt of ore were placed on pads at Mesquite at a grade exploration and resource drilling are expected to continue along with of 0.45 g/t versus 12,076 kt of ore at a grade of 0.42 g/t in 2022. permitting required to enable mine life extensions beyond 2024. Diver Mesquite produced 87,753 ounces of gold in 2023, a decrease from An additional area that may be mined is the rehandling of the remainder sified Assets 2022 ounces produced of 123,965 due to a smaller pit approach to of the Old Vista Pad material that will be re-stacked and leached reduce waste stripping and a longer leach cycle for some of the ore that on the current heap leach pad. was placed. For 2024, Equinox Gold anticipates production of 75 koz Mesquite has produced in excess of 5 Moz to 85 koz of gold, with approximately 65% of production expected in the first half of the year. Ongoing resource expansion and permitting to enable mine life extension Mesquite Mineral Resources and Mineral Reser 0.5-2% NSR 2% NSR N 0 1 Big mile Chief Brownie 0.5% Rainbow NSR 1% NSR ves Royalty Property Pits Vista Oregon Idaho Additional Inf Nevada Utah Pacic Ocean California or Arizona mation Mesquite Mexico TSX / NYSE: FNV Franco-Nevada Corporation ★ 49