T O C A N T I N Z I N H O Location: Brazil, South America | Operator: G Mining Ventures Corp. | Precious Metals: Au | Stream: Gold Stream In July 2022, Franco-Nevada (Barbados) Corporation announced a $352.5 million funding package with G Mining Ventures Corp. on the Tocantinzinho gold project in Brazil. 2023 2022 2021 Revenue to Franco-Nevada ($ million) $ − $ – $ – M&I Resources (koz Au) 1 2,102 2,102 – Inferred Resources (koz Au) 1 50 50 – P&P Reserves (koz Au) 1 2,042 2,042 – M&I Royalty Ounces (000s) 1,2 210 210 – Inferred Royalty Ounces (000s) 1 5 5 – P&P Royalty Ounces (000s) 1 204 204 – 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 2 For Royalty Ounce calculation, Franco-Nevada estimates it will receive 12.5% of gold produced which reduces to 7.5% after 300,000 ounces of gold have been delivered. The stream interest has been factored by 80% to reflect an ongoing payment price of 20% of the spot price for each ounce of gold delivered ($1,950 per ounce gold in 2023, $1,800 per ounce gold for 2022) 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 stream, $75 million secured term loan and purchase of $27.5 million of G Mining Ventures’ common shares. Under the streaming agreement, Franco-Nevada will receive 12.5% 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 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. G Mining Ventures’ February 2022 feasibility study outlined a 12.6 ktpd mill producing 1.8 Moz of gold over 10.5 years, resulting in an average annual gold production profile of approximately 175 koz with an all-in-sustaining cost of $681/oz and initial capital cost of $458 million. Project construction is well advanced and proceeding on time and on budget with first production expected in the second half of 2024. Full year contributions to Franco-Nevada from the project are expected to average approximately 24,500 GEOs per year over the first five years of full production. Experienced team with track record of successful project delivery Construction proceeding on time and on budget Large, prospective land package of approximately 996 km 2 Tocantinzinho, Brazil Tocantinzinho Gold Stream kilometer 10 0 N Tocantinzinho Pacific Ocean Argentina Bolivia Peru Brazil Tocantinzinho Mining Licenses Exploration Licenses Excluded from Stream Licenses under application Franco-Nevada Corporation ★ 33 TSX / NYSE: FNV South America