E D I K A N Producing Location: Ghana | Operator: Perseus Mining Limited | Precious Metals: Au | Royalty: NSR: 1.5% In 2011, Franco-Nevada acquired an effective 1.5% NSR royalty on Perseus Mining Limited’s (“Perseus”) Edikan gold mine within the Ashanti Gold Belt in Ghana, which includes two mining leases of approximately 93 km 2 . 2025 2024 2023 Revenue to Franco ‑ Nevada ($ million) $ 7.3 $ 7.1 $ 6.1 M&I Resources (koz Au) 1 1,265 1,306 1,634 Inf. Resources (koz Au) 1 336 280 283 P&P Reserves (koz Au) 1 629 506 771 M&I Royalty Ounces (000s) 1,2 19 20 25 Inf. Royalty Ounces (000s) 2 5 4 4 P&P Royalty Ounces (000s) 2 9 8 12 1 Please refer to the tables on pages 126–134 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 1.5% is applicable Edikan is a large-scale, low-grade multi open pit operation, which began commercial production in 2012 with ore being processed through a centralized processing facility. Edikan produced 151,741 oz of gold in 2025, down from 193,066 oz in 2024. Perseus has set a production target of 154–169 koz for their 2026 financial year, which ends June 30, 2026. Perseus has also guided 720–750 koz of gold production over 5-years, as of June 2025, and announced that the mine life for Edikan could extend to 2032 with diversified ore sources in the plan. It is expected that approximately 60% of the metal production in the June 2025 five year plan will come from Edikan, with the remainder coming from the Nkosuo claims. Mining at the Nkosuo prospect, located approximately 10 km from the Edikan mill and not covered by Franco- Nevada’s royalty, commenced in Q4 2024. While this ore is processed at the Edikan mill to increase project life, the operator remains focused on new exploration targets and resource conversion within trucking distance that could potentially fall on royalty ground. Plans to mine cutbacks of the Fetish and Esuajah North pits, both which are covered by the royalty, are currently progressing with applications submitted to the relevant regulators for approval to commence mining at both areas. An updated feasibility study is also underway for the Esuajah South underground deposit, which is covered by the royalty and included in the current five year plan. Edikan, Ghana Exploration License Mining License and Royalty Area Deposit Accra Edikan Ghana N kilometer 10 0 Edikan 1.5% NSR Ayanfuri Mine Licenses Mill Site Esuajah South Esuajah North Fetish Chirawewa Ataasi Mampon Abnabna Fobinso Dadieso 1.5% NSR Exploration potential to further extend current mine life The operator currently has a 7-year mine plan. M&I Resources could support production for 13 years and Inf. Resources for a further 3 years TSX / NYSE: FNV 100 ★ Franco-Nevada Corporation Rest of World