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 $352.5 million funding package supporting G Mining Ventures Corp. on the Tocantinzinho gold project in Brazil. 2024 2023 2022 Revenue to Franco-Nevada ($ million) $ 15.4 $ – $ – M&I Resources (koz Au)1 2,181 2,102 2,102 Inferred Resources (koz Au)1 27 50 50 P&P Reserves (koz Au)1 2,031 2,042 2,042 M&I Royalty Ounces (000s)1,2 218 210 210 Inferred Royalty Ounces (000s)2 3 5 5 P&P Royalty Ounces (000s)2 203 204 204 1 Please refer to the tables on pages 114-120 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 ($2,800/oz gold in 2024, $1,950/oz gold in 2023 and $1,800/oz 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. The project was completed on time and on budget and achieved commercial production in September 2024. 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. Franco-Nevada pays an ongoing price of 20% of the spot gold price for each ounce of gold delivered. Tocantinzinho is a conventional open pit mining and milling operation. G Mining Ventures’ February 2022 feasibility study outlined a 12,600 tonnes per day mill producing 1.8 million ounces of gold over 10.5 years, resulting in an average annual gold production profile of approximately 175,000 ounces with an all-in-sustaining cost of $681/oz and initial capital cost of $458 million. Gold production in 2024 was 63,566 ounces. The operation is expected to achieve nameplate capacity of 12,890 tonnes per day in H1 2025. Franco-Nevada sold 5,813 ounces of gold from the mine in 2024 and, in 2025, expects sales from its Tocantinzinho stream to be between 20,000 to 25,000 ounces of gold. Tocantinzinho, Brazil Tocantinzinho Gold Stream kilometer 10 0 N Tocantinzinho Pacifc Ocean Argentina Bolivia Peru Brazil Tocantinzinho Mining Licenses Exploration Licenses Excluded from Stream Licenses under application Project completed on time and budget Ramping up well to nameplate capacity Large, prospective land package of approximately 996 km² Franco-Nevada Corporation ★ 29 TSX / NYSE: FNV South America Additional Information Mineral Resources and Mineral Reserves Diversified Assets