Additional Information GLOSSARY w vie “A$” means Australian dollars. “diamond drill” is a type of drill in which the rock “Indicated Resources” has the meaning ascribed to Over “Adjusted EBITDA” and “Adjusted EBITDA per share” cutting is done by abrasion, with a diamond the term “Indicated Mineral Resource” pursuant to are non-IFRS measures, which exclude the following impregnated bit, rather than by percussion. The drill CIM Definitions. from net income and earnings per share: income tax cuts a core of rock which is recovered in long cylindrical “Inf” means Inferred. expense/recovery; finance expenses and finance sections. Syn: “core drill”. income; depletion and depreciation; non-cash costs of “dip” is the angle between a horizontal plane and an “Inferred Resources” has the meaning ascribed to the sales; impairment charges related to royalty, stream inclined surface such as a rock formation, fault or vein. term “Inferred Mineral Resource” pursuant to and working interests and investments; gains/losses CIM Definitions. on the sale of royalty, stream and working interests and “drift” is a horizontal passage underground that follows “JORC” means the Australasian Code for Reporting of investments; foreign exchange gains/losses and other along the length of a vein of rock formation. Mineral Resources and Mineral Reserves prepared by income/expenses; and unusual non-recurring items. “EIS” means environmental impact statement. the Joint Ore Reserves Committee of the Australasian For additional information and a reconciliation of these “eq” or “Eq” means equivalent. Institute of Mining and Metallurgy, Australian Institute measures to various IFRS measures, refer to the of Geoscientists and Mineral Council of Australia, Company’s MD&A. “fault” means a fracture in a rock where there has as amended. “Adjusted Net Income” and “Adjusted Net Income per been displacement of the two sides. “kg” represents kilogram. share” are non-IFRS financial measures, which exclude “Fe” means the chemical symbol for the element iron. “km” represents kilometre. the following from net income and earnings per share: “feasibility study” means a comprehensive study of a impairment charges related to royalty, stream and “km2” represents square kilometre. Precious Metalsworking interests and investments; gains/losses on the mineral deposit in which all geological, engineering, sale of royalty, stream and working interests and legal, operation, economic, social, environmental and “koz” means thousand ounces. investments; foreign exchange gains/losses and other other relevant factors are considered in sufficient detail “kt” means thousand tonnes. income/expenses; unusual non-recurring items; and that it could reasonably serve as a basis by a financial the impact of income taxes on these items. For institution to finance the development of a deposit for “ktpd” means thousand tonnes per day additional information and a reconciliation of these mineral production. “lb” represents pound. measures to various IFRS measures, refer to the “FH” means Freehold or Lessor Royalty. “LOM” means life of mine. Company’s MD&A. “flotation” is a process by which mineral particles are “Ag” means the chemical symbol for the element silver. induced to become attached to bubbles and float, in an “m” means metres. “AMR” means Advanced Minimum Royalty and is rent ore and water slurry, so that the valuable minerals are “M&I” means Measured and Indicated. paid to the royalty holder prior to the payment of concentrated at the slurry surface and separated from “Mbbls/mbbls” means thousand barrels. royalties on production. Once production begins, the the worthless gangue. AMR payments are then credited in full against stream “fracture” means breaks in a rock, usually due to “Mboe/mboe” means thousand barrels of oil of production royalty payments. intensive folding or faulting. equivalent. sified Assets “AOI” means area of interest. “Franco-Nevada” means Franco-Nevada Corporation “Mcf/mcf” means thousand cubic feet. “Au” means the chemical symbol for the element gold. and is also referred to as “Franco”, “FNV”, “the “Measured Resources” has the meaning ascribed to Diver Company”, “Corporation”, “management”, “we”, or the term “Measured Mineral Resource” pursuant to “bbl” means barrel. “our” in this Asset Handbook. CIM Definitions. “Bbls/d” means barrels per day. “Freehold” means an interest n real property. “mineralization” usually implies minerals of value “Bcf” means billion cubic feet. “g” represents grams. occurring in rocks. “Boe” mean barrels of oil equivalent. “g/t” means grams per tonne. “Mineral Royalties” means the royalty interests in precious and base metal properties and certain equity “Boe/d” means barrels of oil equivalent per day. “GR” means Gross Royalty and is a royalty based on all interests owned by Franco-Nevada. ves “CAGR” means Compounded Annual Growth Rate. revenues in cash or in-kind products received by the “Mlbs” means millions of pounds. operator for the sale of product. “CIM” means the Canadian Institute of Mining, “grade” means the concentration of each ore metal in “MMbbl” means million barrels of oil. Metallurgy and Petroleum. a rock sample, usually given as weight percent. Where “MMcf/mmcf” means million cubic feet. “CIM Definitions” means CIM Definition Standards for extremely low concentrations are involved, the “MMcf/d or mmcf/d” means million cubic feet per Mineral Resources and Mineral Reserves and CIM concentration may be given in grams per tonne (g/t) or day. Estimation of Mineral Resources and Mineral Reserves oz per ton (oz/t). Best Practice Guidelines. “Guide 7” means the mining industry guide entitled “Mo” means the chemical symbol for the element “concentrate” is the product of physical concentration “Description of Property by Issuers Engaged or to be molybdenum. process, such as flotation or gravity concentration, Engaged in Significant Mining Operations” contained in “Moz” means million ounces. which involves separating ore minerals from unwanted the Securities Act Industry Guides published by the “Mtpa” means million tonnes per annum. waste rock. Concentrates require subsequent United States Securities and Exchange Commission, as Mineral Resources and Mineral Reserprocessing (such as smelting or leaching) to break amended. “NGLs” means Natural Gas Liquids. down or dissolve the ore minerals and obtain the “ha” means hectares; 10,000 square metres. “NI 43-101” means National Instrument 43-101 – desired elements, usually metals. Standards of Disclosure for Mineral Projects of the “Cu” means the chemical symbol for the element “heap leaching process” is the process of extracting Canadian Securities Administrators. copper. gold and silver by placing broken ore on an impermeable pad and applying a diluted cyanide “Ni” means the chemical symbol for the element “cut-off grade” means the lowest grade of Mineral solution that dissolves a portion of the contained gold nickel. Resource considered economic; used in the calculation and silver, which are then recovered in metallurgical “NPI” means Net Profit Interest: the profits after mation of Mineral Resources and Mineral Reserves in a given processes. deduction of expenses. or deposit. Additional Inf 136 ★ Franco-Nevada Corporation TSX / NYSE: FNV