South America TOCANTINZINHO Location: Brazil, South America | Operator: G Mining Ventures Corp. | Precious Metals: Au | Stream: Gold Stream In July 2022, Franco-Nevada (Barbados) Corporation announced a $352.5 million funding package with G Mining Ventures Corp. on the Tocantinzinho gold project in Brazil. 2023 2022 2021 mill producing 1.8 Moz of gold over 10.5 years, resulting in an average Revenue to Franco-Nevada ($ million) $ − $ – $ – annual gold production profile of approximately 175 koz with an M&I Resources (koz Au)1 2,102 2,102 – all-in-sustaining cost of $681/oz and initial capital cost of $458 million. Inferred Resources (koz Au)1 50 50 – Project construction is well advanced and proceeding on time and P&P Reserves (koz Au)1 2,042 2,042 – on budget with first production expected in the second half of 2024. 1,2 Full year contributions to Franco-Nevada from the project are expected M&I Royalty Ounces (000s) 210 210 – 1 to average approximately 24,500 GEOs per year over the first five years Inferred Royalty Ounces (000s) 5 5 – 1 of full production. P&P Royalty Ounces (000s) 204 204 – 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 Experienced team with track record of successful 2 For Royalty Ounce calculation, Franco-Nevada estimates it will receive 12.5% of gold produced project delivery which reduces to 7.5% after 300,000 ounces of gold have been delivered. The stream interest has been factored by 80% to re昀氀ect an ongoing payment price of 20% of the spot price for each Construction proceeding on time and on budget ounce of gold delivered ($1,950 per ounce gold in 2023, $1,800 per ounce gold for 2022) 2 Large, prospective land package of approximately 996 km Tocantinzinho is located in the Tapajos region of Pará State, Brazil, 200 km south-southwest of the city of Itaituba, and is owned and operated by G Mining Ventures Corp. (“G Mining Ventures”). The construction funding package included a $250 million gold Tocantinzinho Diver stream, $75 million secured term loan and purchase of $27.5 million Gold Stream sified Assets of G Mining Ventures’ common shares. N 0 10 Under the streaming agreement, Franco-Nevada will receive 12.5% kilometer of gold produced which reduces to 7.5% after 300,000 ounces of gold have been delivered, which is currently expected to occur around 2037. Franco-Nevada pays an ongoing price of 20% of the spot gold price for each ounce of gold delivered. The $75 million, six-year term loan is available for a period of 3.5 years, drawable quarterly at G Mining Ventures’ option following full funding of the stream with an interest rate of 3-Month Term Secured Mineral Resources and Mineral Reser Overnight Financing Rate (“3-Month SOFR”) +5.75% per annum, reducing to 3-Month SOFR+4.75% after completion tests have been achieved at the project. Tocantinzinho is a conventional open pit mining and milling operation. Tocantinzinho G Mining Ventures’ February 2022 feasibility study outlined a 12.6 ktpd ves Mining Licenses Tocantinzinho Exploration Licenses Additional Inf Peru Licenses under application Brazil Bolivia Excluded from Stream Pacic Ocean or Argentina mation Tocantinzinho, Brazil TSX / NYSE: FNV Franco-Nevada Corporation ★ 33