Mineral Resources and Mineral Reserves NOTES AND SOURCES All Mineral Resources and Mineral Reserves have been calculated in accordance with CIM or Acceptable Foreign Codes for the purposes of NI 43-101, including Regulation S-K 1300, JORC, or SAMREC guidelines Mineral Resources, which are not Mineral Reserves, do not have demonstrated economic viability Unless otherwise noted, Mineral Resources were reported by the operator inclusive of Mineral Reserves Contained metal does not take into account recovery losses Franco-Nevada’s royalties or stream interests may not cover the operator’s entire property or all estimated Mineral Resources and Mineral Reserves or a combination of both The grade of platinum group elements has been reported by the operators as either the sum of the individual platinum group elements grades or the individual grades. In the cases where individual platinum group element grades have been reported, Franco-Nevada’s Quali昀椀ed Person has calculated the sum of the platinum group element grades for presentation purposes Mineral Resources and Mineral Reserves based on publicly disclosed information available as of March 8, 2024 The MRMR statement might have excluded depletion prior to this year’s reporting Rows and columns may not add up due to rounding Inferred Resources are in addition to Measured and Indicated Resources, as described in the “Cautionary Note Regarding Mineral Resource and Mineral Reserve Estimates” section on page 134. 1 Mineral Resources reported by operator exclusive of Mineral Reserves. Franco-Nevada’s 49 Skeena Resources Limited; Eskay Creek Project NI 43-101 Technical Report, November 14, 2023 Quali昀椀ed Person determined the inclusive Mineral Resources by adding the exclusive 50 Evolution Mining Limited; ASX Announcement, February 14, 2024 Measured and Indicated Mineral Resources to the Proven and Probable Reserves 51 Seabridge Gold Inc.; Courageous Lake NI 43-101 Technical Report, January 5, 2024 2 Mineral Resources and Mineral Reserves are reported by the operator in non-metric units. 52 Fortune Bay Corp.; Corporate Presentation, January 2024 Franco-Nevada’s Quali昀椀ed Person calculated the metric conversion using 1 opt = 34.286 g/t, 1 short ton = 0.9018 metric tonnes, 1 oz = 31.1035 g 53 Agnico Eagle Mines Limited; News Release, February 16, 2023 3 Lundin Mining Corporation; News Release, February 8, 2024 54 Ascot Resources Ltd.; Annual Information Form, March 23 2023 4 The stream agreement applies to 100% of the property, but only with respect to the ownership 55 Wallbridge Mining Company Limited; Detour-Fenelon Gold Trend Property NI 43-101 Technical interest of Lundin Mining Corporation which indirectly owns 80% of the Candelaria Copper Report, December 29, 2023 Mining Complex 56 Westhaven Gold Corp.; Shovelnose Gold Property NI 43-101 Technical Report, Aug. 31, 2023 5 Glencore plc; Resources & Reserves as at December 31, 2023 57 Red Pine Exploration Inc.; Wawa Gold Project NI 43-101 Technical Report, June 21, 2023 6 Southern Peaks Mining LP; Mineral Reserves: Email to Franco-Nevada (Barbados) Corporation, 58 Gold Candle Ltd.; Kerr-Addison Project NI 43-101 Technical Report, Aug. 21, 2023 March 11, 2023, containing reserve declaration. Mineral Resources: Letter to Franco-Nevada 59 Galway Metals Inc.; Clarence Stream Project NI 43-101 Technical Report, June 8, 2022 (Barbados) Corporation, March 8, 2023, containing global, in situ, resource estimate 7 Vale S.A.; Form 20-F as 昀椀led with the Securities and Exchange Commission on April 12, 2023. 60 Regis Resources Limited; ASX Announcement, June 20, 2023 Details of Vale’s Participating Debentures are available on Vale’s website 61 Wiluna Mining Corporation Limited; ASX Announcement, February 16, 2024 8 Pan American Silver Corporation; News Release, August 24, 2023 & Corporate Website 62 Northern Star Resources Limited; ASX Announcement, May 4, 2023 9 Gold Fields Limited; Mineral Resources and Mineral Reserves Supplement to the Integrated 63 Northern Star Resources Limited; ASX Announcement, May 4, 2023 Annual Report, 2022 64 St Barbara Limited; ASX Release, September 15, 2023 10 SolGold Plc.; News Release, February 16, 2024 65 Matsa Resources Ltd.; Annual Report, October 17, 2023 for Red October and AngloGold Ashanti 11 G Mining Ventures Corp.; Corporate Presentation, February 2024 Limited; Mineral Resource and Ore Reserve Report as at December 31, 2022 for Butcher Well 12 Hochschild Mining PLC; Annual Report & Accounts, April 28, 2023 66 Catalyst Metals Limited; Annual Report, November 10, 2023 13 First Quantum Minerals Ltd.; Annual Information Form, March 28, 2023 67 Norton Gold Fields Limited; Corporate Website, January 11, 2024 14 OZ Minerals Limited; ASX Release, December 21, 2022 68 Ramelius Resources Limited; ASX Release, September 14, 2023 15 Patagonia Gold Corp.; MD&A, November 29, 2023 69 Ramelius Resources Limited; ASX Release, September 14, 2023 16 Coro Mining Corporation; San Jorge Project NI 43-101 Technical Report, March 1, 2012 70 Spartan Resources Limited; ASX Announcement, January 25, 2024 17 Barrick Gold Corporation; Press Release, February 8, 2024 71 Harmony Gold Mining Company Limited; Mineral Resources and Mineral Reserves Report, 18 Tiernan Gold Corp.; Corporate Presentation, August 2023 June 30, 2023 19 Coeur Mining, Inc.; News Release, February 20, 2024 72 Endeavour Mining Corp.; News Release, March 9, 2023 20 Barrick Gold Corporation; Press Release, February 8, 2024. Carlin Trend includes Goldstrike, 73 Kinross Gold Corporation; News Release, February 15, 2023 Gold Quarry and South Arturo as well as other properties where Franco-Nevada has no 74 Newmont Corporation; News Release, February 22, 2024 royalties or stream interests 75 Endeavour Mining Corp.; Annual Information Form, March 31, 2021 21 SSR Mining Inc.; Mineral Reserve and Resource Tables as of December 31, 2023 76 Perseus Mining Limited; News Release, August 24, 2023 22 Kinross Gold Corporation; News Release, February 14, 2024 77 Ariana Resources plc; News Release, February 1, 2022 23 Equinox Gold Corp.; Annual Information Form, February 22, 2024 78 Fortuna Silver Mines Inc.; Seguela Gold Mine NI 43-101 Technical Report, December 31, 2023 24 Equinox Gold Corp.; Annual Information Form, February 22, 2024 79 Eldorado Gold Corporation; News Release, December 13, 2023 25 Hecla Mining Company; News Release, February 14, 2024 26 Hecla Mining Company; 80 Alamos Gold Inc.; News Release, February 20, 2024 News Release, February 14, 2024 81 Perseus Mining Limited; News Release, August 24, 2023 82 Lundin Mining Corporation; 27 Perpetua Resources Corp., Annual Report, April 6, 2023 News Release, February 8, 2024 28 Gold Bull Resources Corp.; News Release, July 31, 2023 83 Glencore plc; Resources & Reserves as at December 31, 2023 29 KGHM Polska Mied´z S.A.; Mineral Resources and Reserves Report, December 31, 2014 84 Teck Resources Limited; Annual Information Form, February 22, 2024 30 Integra Resources Corp.; Corporate Presentation, January 2024 85 The stream agreement applies to 100% of the property, but only with respect to the ownership 31 Paramount Gold Nevada; Sleeper Gold-Silver Project SK 1300 Report, August 31, 2023 interest of Teck Resources Limited which indirectly owns a 22.5% interest in Compañía Minera 32 Agnico Eagle Mines Limited; News Release, February 15, 2024 Antamina S.A. 33 KGHM does not provide updated Mineral Resource and Mineral Reserve estimates. 86 Southern Peaks Mining LP; Mineral Reserves: Email to Franco-Nevada (Barbados) Corporation, As such, Franco-Nevada has chosen not to display the historical 昀椀gure moving forward March 11, 2023, containing reserve declaration. Mineral Resources: Letter to Franco-Nevada 34 Barrick Gold Corporation; Press Release, February 8, 2024 (Barbados) Corporation, March 8, 2023, containing global, in situ, resource estimate 35 Newmont Corporation; News Release, February 22, 2024 87 Pan American Silver Corporation; News Release, August 24, 2023 & Corporate Website 36 Agnico Eagle Mines Limited; News Release, February 15, 2024 88 Gold Fields Limited; Mineral Resources and Mineral Reserves Supplement to the Integrated Annual Report, 2022 37 Victoria Gold Corp.; Eagle Gold Mine NI 43-101 Technical Report, April 10, 2023 89 SolGold Plc.; Press Release, February 16, 2024. 38 Newmont Corporation; News Release, February 22, 2024 90 Patagonia Gold Corp.; MD&A, November 29, 2023 39 Pan American Silver Corp.; Annual Information Form, February 22, 2023, effective date R&R 91 Hecla Mining Company; News Release, February 14, 2024 June 30, 2022 92 Skeena Resources Limited; Eskay Creek Project NI 43-101 Technical Report, November 14, 2023 40 Pan American Silver Corp.; News Release, August 24, 2023 93 Integra Resources Corp.; Corporate Presentation, January 2024 41 Agnico Eagle Mines Limited; News Release, February 15, 2024 42 Alamos Gold Inc.; News Release, February 20, 2024 94 Westhaven Gold Corp.; Shovelnose Gold Property NI 43-101 Technical Report, August 31, 2023 Additional Inf 43 Agnico Eagle Mines Limited; News Release, February 15, 2024 95 Paramount Gold Nevada; Sleeper Gold-Silver Project SK 1300 Report, August 31, 2023 44 Agnico Eagle Mines Limited; News Release, February 15, 2024 96 Sibanye Stillwater Limited; JSE Market Release, February 26, 2024 45 Agnico Eagle Mines Limited; News Release, February 15, 2024 97 KGHM does not provide updated Mineral Resource and Mineral Reserve estimates. As such, Franco-Nevada has chosen not to display the historical 昀椀gure moving forward 46 Argonaut Gold Inc.; News Release, March 30, 2023 98 Ring of Fire Metals Pty Ltd.; Eagle’s Nest Project NI 43-101 Technical Report, January 24, 2024 or 47 Equinox Gold Corp.; Annual Information Form, February 22, 2024 99 Generation Mining Limited; Marathon Palladium & Copper Project NI 43-101 Technical Report, mation 48 Calibre Mining Corp.; Corporate Presentation, February 2024 & Marathon Gold Corporation; March 31, 2023 Valentine Gold Project NI 43-101 Techncial Report, November 30, 2022 TSX / NYSE: FNV Franco-Nevada Corporation ★ 123