Eskay Deeps 23 22 NEX 21 East 21A West KSM (Seabridge) FNV Royalties Area of Interest Deposits Excluded from Royalty Eskay Creek 2.5% NSR kilometer 5 0 N 2.5% NSR 2.5% NSR 2.5% NSR 2.5% NSR Vancouver British Columbia Stewart Eskay Creek E S K AY C R E E K Location: British Columbia, Canada | Operator: Skeena Resources Limited | Precious Metals: Au & Ag | Royalty: NSR: 2.5% Franco-Nevada holds a 2.5% NSR on the past-producing Eskay Creek gold-silver project in British Columbia’s Golden Triangle. 2024 2023 2022 Revenue to Franco-Nevada ($ million) $ − $ – $ – M&I Resources (koz Au)1 4,380 4,380 4,067 Inferred Resources (koz Au)1 67 67 177 P&P Reserves (koz Au)1 3,336 3,336 2,870 M&I Resources (Moz Ag)1 107.0 107.0 98.4 Inferred Resources (Moz Ag)1 0.9 0.9 2.7 P&P Reserves (Moz Ag)1 88.0 88.0 75.5 M&I Royalty Ounces (000s)1,2 139 140 78 Inferred Royalty Ounces (000s)2 2 2 3 P&P Royalty Ounces (000s)2 108 109 56 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 2.5% is applicable (2.5% in 2023, 1.5% in 2022). Silver has been converted assuming $2,800/oz gold and $31.00/oz silver ($1,950/oz gold and $22.50/oz silver in 2023, $1,800/oz gold and $21.00/oz silver in 2022) Eskay Creek was the highest-grade gold mine in the world when in production with the operator, Barrick Gold Corp., producing 3.3 million ounces of gold and 160.0 million ounces of silver at average grades of 45 g/t gold and 2,224 g/t silver from 1994-2008. In November 2023, the current owner of the property, Skeena Resources Limited (“Skeena”), announced a positive definitive feasibility study, outlining average annual production of 324,000 ounces of gold equivalent production over an initial 12-year mine life. The definitive feasibility study was based on Proven and Probable Mineral Reserves of 4.6 million ounces gold equivalent (39.8 million tonnes at 2.6 g/t gold and 69 g/t silver). The study indicated a high-grade open-pit and a flotation plant producing higher grade saleable concentrate. In 2024, Skeena Resources received its Bulk Technical Samples permits and secured a financing package for development. Early works have also commenced including bulk earthworks of infrastructure pad and access to the bulk technical sample area. Permitting and early development work on going Positive definitive feasibility study increases mine life to 12 year with an average of 324 koz AuEq Financed through development Franco-Nevada Corporation ★ 55 TSX / NYSE: FNV Canada Additional Information Mineral Resources and Mineral Reserves Diversified Assets