M E S Q U I T E Location: California, United States | Operator: Equinox Gold Corp. | Precious Metals: Au | Royalty: NSR: 0.5-2% Mesquite is a gold operation located in southeast California, 70 km northwest of Yuma, Arizona and 230 km east of San Diego, California. 2024 2023 2022 Revenue to Franco-Nevada ($ million) $ 3.2 $ 3.1 $ 4.1 M&I Resources (koz Au)1 1,855 1,016 1,855 Inferred Resources (koz Au)1 912 510 912 P&P Reserves (koz Au)1 471 584 471 M&I Royalty Ounces (000s)1,2 34 19 34 Inferred Royalty Ounces (000s)2 17 9 17 P&P Royalty Ounces (000s)2 9 11 9 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 100% of the Mineral Resources and Mineral Reserves are subject to our royalty interest and estimates a rate of 1.85% is applicable The mine is an open pit, run-of-mine, heap leach operation. Franco-Nevada holds royalties on the entire Mesquite mine property that range from a 0.5-2% NSR, depending on the claim block, as shown on the schematic. Mesquite produced 71,984 ounces of gold in 2024, a decrease from 2023 ounces produced of 87,753 due to a focus on stripping the Ginger pit in order to provide ore in 2025. For 2025, Equinox Gold anticipates production of 90,000 ounces to 105,000 ounces of gold, with approximately 70% of production expected in the second half of the year. Mining at Mesquite in 2025 will be focused on ore from the Ginger pit in H1, and stripping of Brownie phase 4, Rainbow North and Big Chief 8 pits which are expected to deliver the majority of ore in 2026. Equinox continues to work to extend the mine life at Mesquite through exploration and permitting. Mesquite, California Brownie Big Chief Rainbow Vista 2% NSR 0.5% NSR 1% NSR Mesquite 0.5-2% NSR Mesquite Pacifc Ocean Oregon Idaho Utah Nevada California Arizona Mexico Royalty Property Pits mile 1 0 N Mesquite has produced in excess of 5 Moz Ongoing resource expansion and permitting to enable mine life extension Franco-Nevada Corporation ★ 67 TSX / NYSE: FNV United States Additional Information Mineral Resources and Mineral Reserves Diversified Assets