M I N I N G R O Y A L T Y O U N C E S 1 (M&I Royalty Ounces are inclusive of P&P Royalty Ounces) Asset Asset Type P&P (000s) M&I 3 (000s) Inf (000s) South & Central America 2,4 Candelaria Stream 672 1,801 139 Antapaccay Stream 263 696 94 Antamina Stream 480 703 695 Condestable Stream 94 152 11 Vale (Northern & Southeastern System) Other 284 431 33 Sossego Other 2 2 – Tocantinzinho Stream 187 193 1 Yanacocha + Conga NSR 15 522 226 Cerro Moro NSR 4 10 4 Caserones NSR 28 43 2 Salares Norte NSR 42 44 – Cascabel (Alpala) Stream/NSR 510 1,247 175 NuevaUnión (Relincho) NSR 156 218 90 Taca Taca NSR 268 277 12 Vizcachitas NSR 109 147 155 Posse (Mara Rosa) NSR 9 11 2 CentroGold (Gurupi) NSR – 18 8 Calcatreu NSR – 19 10 El Alto NSR – 494 20 Volcan NSR – 147 19 PSJ Cobre Mendocino NSR – 95 137 Canada 2,5 Detour Lake NSR 372 715 123 Sudbury Stream 15 104 19 Hemlo NSR/NPI 165 228 98 Côté Gold GMR 414 1,067 127 Porcupine - Hoyle Pond NSR – 21 6 Porcupine - Borden NSR – 31 5 Porcupine - Pamour NSR – 108 23 Porcupine - Dome NSR – – 247 Casa Berardi Stream 55 102 20 Heva-Hosco Stream – 24 14 Brucejack NSR 35 42 30 Kirkland Lake NSR/NPI 35 68 66 Greenstone NSR 171 238 83 Magino NSR 94 137 10 LIORC Other 54 103 39 Eagle NSR 24 43 5 Musselwhite NPI 49 65 10 Timmins West NSR 7 9 3 Gold River NSR – 3 23 Canadian Malartic NSR 28 31 70 Island Gold NSR 18 20 3 Golden Highway - Holt Complex NSR – 131 86 Golden Highway - Hislop NSR – 7 4 Golden Highway - Aquarius NSR – 17 – Valentine Gold NSR 81 121 32 Eskay Creek NSR 120 154 2 Spences Bridge (Shovelnose) NSR – 15 6 Wawa NSR – 13 13 Kerr-Addison NSR – 33 24 Clarence Stream NSR – 9 13 Scottie NSR – – 14 Crawford NSR 192 306 189 AurMac NSR – 23 55 Red Lake (McFinley) NSR 1 5 3 Courageous Lake NSR 29 112 39 Goldfields NSR – 20 4 Monument Bay NSR – 44 53 Red Mountain NSR 5 8 1 Ring of Fire NSR – 285 81 Fenelon-Martiniere NSR – 24 24 Marathon (Sally) NSR – 5 2 Eagle’s Nest NSR – 8 5 Asset Asset Type P&P (000s) M&I 3 (000s) Inf (000s) United States 2 Stillwater NSR 329 675 697 Carlin Trend NSR/NPI 179 304 118 Bald Mountain NSR 26 112 21 Marigold NSR 58 81 3 Mesquite NSR 2 22 1 Castle Mountain NSR 116 157 40 Copper World Project NSR 99 246 44 Robinson NSR 4 13 – Copper Creek NSR – 3 1 Fire Creek/Midas NSR – 3 90 Hollister NSR – 2 9 Stibnite NSR 98 131 33 Nevada North (Wildcat & Mountain View) NSR – 14 2 Sleeper NSR – 45 27 Arthur Gold NSR 50 97 65 Granite Creek NSR – 45 10 Lone Tree NSR – 13 84 Cove NSR – 8 35 Mineral Point NSR – 153 109 Archimedes NSR – 16 31 Sandman NSR – 1 – Rest of World 2 Guadalupe-Palmarejo Stream 373 695 245 Western Limb/Pandora Stream/NSR 352 1,172 200 Tasiast NSR 88 136 48 Subika (Ahafo) NSR 39 58 12 Sabodala Stream 44 99 47 Karma Stream 6 74 26 Duketon NSR 18 42 11 Edikan NSR 9 19 5 Matilda (Wiluna) NSR 12 106 146 South Kalgoorlie NSR 29 80 46 Yilgarn Star GRR – 5 2 Agate Creek NSR – 3 1 Mt Keith NSR/NPI – 13 2 Mt Martin NSR – 10 8 Cue GR 4 7 5 Kiziltepe NSR 1 2 1 Rogozna NSR – – 123 Sissingué NSR 1 1 – Yandal (Bronzewing) NSR 17 38 6 Aphrodite NSR – 23 17 Rebecca NSR 11 17 4 Séguéla NSR 9 12 4 Perama Hill NSR 19 19 45 Agi Dagi NSR 23 44 6 Bullabulling NSR – 74 37 Glenburgh NPI – 4 1 Henty NSR 2 3 1 Red October NSR – 2 10 Falcondo NPI 28 31 2 Total Royalty Ounces 6 7,133 16,696 5,990 1 For information regarding the calculation of each Royalty Ounce, please refer to the individual asset write-ups. We have assumed $4,500/oz Au, $75/oz Ag, $2,000/oz Pt, $1,650/oz Pd, $5.50/lb copper, $7.39/lb nickel, $1.45/lb ferrochrome and $100/t Fe 62% CFR China for our calculations 2 Copper Royalty Ounces assume NSR deductions of 15% (for Sossego please refer to the Vale asset write-up); Nickel Royalty Ounces and Ferrochrome Royalty Ounces assume NSR deductions of 30%. Please also refer to the individual Vale (Northern & Southeastern System) & LIORC asset write-ups for the deductions applied to the Iron Ore Royalty Ounces 3 M&I Royalty Ounces include P&P Royalty Ounces 4 Cobre Panamá, currently on preservation and safe management, is not included in the above calculations. Franco-Nevada estimates that P&P Royalty Ounces, M&I (incl.) Royalty Ounces and Inf Royalty Ounces would be 2,324 koz, 2,635 koz and 404 koz, respectively, as per First Quantum’s Annual Information Form, dated February 10, 2026, as at December 31, 2025 5 For New Prosperity, Franco-Nevada views the recent agreement with the T ŝ ilhqot’in Nation as a positive development and has included the historic resource in this Asset Handbook on page 134. However, the New Prosperity Technical Report has not been updated since 2009. While Franco-Nevada has estimated the potential Royalty Ounces related to New Prosperity based on the historical assessment, caution is advised when assessing the reliability of such resources. Royalty Ounces for New Prosperity were not included in our Royalty Ounce totals above due to the uncertainty surrounding its development. For 2025, Franco-Nevada estimates that P&P Royalty Ounces, M&I (incl.) Royalty Ounces and Inf Royalty Ounces would be 1,469 koz, 1,776 koz and 0 koz, respectively 6 If Cobre Panamá and New Prosperity were included, the Total Royalty Ounces would be 10.9M P&P Royalty Ounces, 21.1M M&I (incl.) Royalty Ounces, and 6.4M Inf. Royalty Ounces TSX / NYSE: FNV Franco-Nevada Corporation ★ 21 20 ★ Franco-Nevada Corporation TSX / NYSE: FNV Overview Overview Overview