P O S S E ( M A R A R O S A ) Location: Brazil, South America | Operator: Hochschild Mining PLC | Precious Metals: Au | Royalty: NSR: 1% Franco-Nevada holds a 1% NSR royalty on the Mara Rosa open pit project located in the State of Goiás, Brazil. Hochschild Mining PLC (“Hochschild”) took ownership of the project through its acquisition of Amarillo Gold Corporation (“Amarillo”) in 2022. Commercial production of the mine was achieved in May 2024 and Mara Rosa is expected to produce between 94,000 to 104,000 gold ounces in 2025. Overall production in 2024 was 63,770 gold equivalent ounces, below the original guidance of 83,000 to 93,000 gold ounces, due to a slower than expected ramp-up in Q2 and Q3 2024. Hochschild expects average annual production of approximately 80,000 gold ounces over an initial mine life of 10 years, with approximately 100,000 gold ounces annually over the first four years. Exploration drilling is underway with the goal of extending mine life. For Royalty Ounce calculation, Franco-Nevada estimates 100% of Mineral Resources and Mineral Reserves are subject to our royalty interest and estimates an average rate of 1.0% is applicable C E N T R O G O L D ( G U R U P I ) Location: Brazil, South America | Operator: G Mining Ventures Corp. | Precious Metals: Au | Royalty: NSR: 0-1% Franco-Nevada holds a slding scale NSR royalty (1% at greater than $400 per ounce gold) on the CentoGold (Gurupi) project located in the State of Maranhão in northern Brazil. GMIN acquired CentroGold (Gurupi) from BHP Group Limited (“BHP”) in 2024. Previously in July 2019, Oz Minerals Limited, the prior owner before selling to BHP in 2023, released an updated prefeasibility study on the project which envisioned a 10-year mine life with average annual gold production of 100,000 to 120,000 ounces of gold per year with 190,000 to 210,000 ounces of gold per year in the first two years of production. There have been challenges from a prior mining license injunction for the property. GMIN intends to use its expertise in partnering with communities and permitting projects in Brazil to advance the project. In February 2025, GMIN announced an updated reserve estimating totalling 1.83 million ounces of indicated resources grading 1.3 g/t gold and 0.77 million ounces of Inferred Resources grading 1.29 g/t gold. For Royalty Ounce calculation, Franco-Nevada estimates 100% of Mineral Resources and Mineral Reserves are subject to our royalty interest and estimates an average rate of 1.0% is applicable C A L C A T R E U Location: Argentina, South America | Operator: Patagonia Gold Corp. | Precious Metals: Au & Ag | Royalty: NSR: 2.5% Franco-Nevada has a 2.5% NSR on the Calcatreu property located in the Province of Rio Negro in Argentina. In December 2017, Patagonia Gold Corp. (“Patagonia”) acquired the property from Pan American Silver. The Calcatreu deposit contains an Indicated Mineral Resource of 669,000 ounces of gold and 6.3 million ounces of silver and an Inferred Mineral Resource of 348,000 ounces of gold and 3.4 million ounces of silver. In November 2024, Patagonia announced it had been granted the final permit to advance with the construction, development and production of the mine and heap leach pad at Calcatreu. In February 2025, as part of permitted development activities and required geotechnical drilling for the planned heap leach site, additional drilling was conducted on the Piche low-sulfidation epithermal deposit. The deposit lies about 150 meters southeast of the main Nelson structure, and highlights the potential for additional near-surface mineralization on the land package. For Royalty Ounce calculation, Franco-Nevada estimates 100% of Mineral Resources and Mineral Reserves are subject to our royalty interest and estimates an average rate of 2.5% is applicable. Silver has been converted assuming $2,800/oz gold and $31.00/oz silver Franco-Nevada Corporation ★ 35 TSX / NYSE: FNV South America Additional Information Mineral Resources and Mineral Reserves Diversified Assets