Message from our CEO APPENDIX B: OPERATORS’ EMISSIONS 52 Report Highlights Emissions (tCO e) 2 About Franco-Nevada 2022 2021 2020 Asset Operator Scope 1 Scope 2 Total Scope 1 Scope 2 Total Scope 1 Scope 2 Total Responsible Agate Creek Laneway Resources Capital Allocation (Australia - Queensland) Limited NA NA - - - - 3,442.0 7,146.0 10,588.0 Agnew (Vivien Gold Mine) Remelius 9,659.4 7,920.3 17,579.7 9,614.8 8,351.7 17,966.6 7,440.0 6,701.0 14,141.0 Community (Australia - W. Australia) Resources Limited Contributions Antamina Teck Resources (Peru) Limited 521,856.9 217,434.7 739,291.5 564,073.6 230,270.1 794,343.8 381,951.4 166,304.3 548,255.7 Good Governance and Antapaccay Glencore plc 294,314.4 123,197.5 417,511.9 302,057.5 141,100.4 443,157.9 297,744.4 166,004.3 463,748.7 Shareholder Alignment (Peru) Bald Mountain Kinross Gold 106,435.0 18,651.9 125,086.8 125,910.3 24,975.4 150,885.7 121,554.0 44,495.0 166,049.0 Diversity, Inclusion (USA - Nevada) Corporation and Well-Being Bowen Basin (Moorvale) Peabody Energy 87,006.8 8,049.8 95,056.6 150,245.9 14,662.1 164,908.0 139,211.0 14,443.0 153,654.0 (Australia - Queensland) Corp. Climate Action Brucejack Newmont 24,990.3 1,011.3 26,001.6 30,363.4 1,222.3 31,585.7 20,676.0 1,291.0 21,967.0 (Canada - British Columbia) Corporation Transparency and Canadian Malartic Agnico Eagle Mines 189,812.3 689.9 190,502.2 210,395.2 791.6 211,186.8 218,268.0 847.0 219,115.0 Guiding Principles (Canada - Quebec) Limited Candelaria Lundin Mining 250,888.6 300,453.2 551,341.8 341,568.9 342,965.9 684,534.8 279,650.2 279,610.2 559,260.4 About this ESG Report (Chile) Corporation Carol Lake Rio Tinto 145,006.8 - 145,006.8 393,318.5 - 393,318.5 394,058.6 - 394,058.6 Appendices (Canada - Newfoundland & Labrador)** Caserones Lundin Mining 151,294.7 - 151,294.7 307,225.1 285,867.7 593,092.7 - A: ESG Performance Table (Chile) Corporation B: Operators’ Emissions Castle Mountain Equinox Gold Corp. 15,476.0 - 15,476.0 7,156.6 2,661.4 9,818.0 957.0 416.0 1,373.0 (USA - California) C: TCFD Disclosure Cerro Moro Pan American Silver (Argentina) Corp. 44,356.1 - 44,356.1 42,625.2 - 42,625.2 41,500.0 - 41,500.0 D: SASB Disclosure E: GRI Index Cobre Panamá First Quantum 2,371,520.7 88,037.3 2,459,558.0 2,512,552.2 270,145.9 2,782,698.2 2,187,011.0 73,279.2 2,260,290.2 (Panamá) Minerals Ltd. F: Sustainable Condestable Southern Peaks Development Goals (Peru) Mining LP 7,948.8 17,575.1 25,523.9 7,378.9 17,790.3 25,169.2 6,116.9 8,553.9 14,670.8 G: KPMG: Independent Limited Assurance Report * Figures in this table are estimated greenhouse gas emissions of producing mining assets where we have royalty and stream interests. Unless otherwise noted, such information has been provided by McKinsey MineSpans (outside-in modeled data - all rights reserved). Such data only relates to mine production and excludes emissions attributable to mine construction, pre-stripping, underground development relating to non-operational activities, care and maintenance of assets, and mine H: Carbon Neutral Initiative rehabilitation. Emission data (i) is provided on a 100% basis, notwithstanding that the applicable operation may be jointly owned by the referenced operator and (ii) applies to the entire project. “NA” means that data is not publicly available and has not been modeled by McKinsey MineSpans. ** Figures for 2021 and 2020 include emissions related to the pelletizing stage. Starting in 2022, these emissions have been reallocated to midstream facilities and are therefore excluded from the 2022 figures presented.