2022 ASSET HANDBOOK 94 FNV TSX NYSE PRECIOUS METALS Rest of World Other Rest of World Assets Rest of World Precious Metals Please refer to the tables on pages 128-136 for a breakout of grade and tonnages by Mineral Resource category. In 2013, Franco-Nevada acquired a 0.5% NSR on tenements that comprise the Sissingué gold project located in Côte d’Ivoire operated by Perseus. The project is comprised of the Sissingué Gold Mine (“SGM”) and the satellite deposits Fimbiasso and Bagoé. Franco-Nevada’s royalty covers SGM and Bagoé but does not cover the Fimbiasso claims. Perseus commenced commercial gold production at the end of March 2018 and by June 2022 approximately 367,500 ounces of gold are forecast to have been produced at the mine. Perseus reported 2021 production from Sissingué of 82,895 ounces of gold and Franco-Nevada received $0.7 million of royalty revenue for the year. On March 28, 2022, Perseus announced that the mine life for Sissingué had been extended to March 2026 with estimated average annual production of 72,000 ounces. There is potential for further extension by processing low grade ore stockpiles. Ore will be sourced from the SGM, Bagoé and Fimbiasso deposits and a total of 252,000 ounces of gold are forecast to be recovered over the life of operation. Perseus also announced an updated Mineral Reserve and Mineral Resource as of December 31, 2021. Mineral Reserves of 282,000 gold ounces were reported (199,000 gold ounces, excluding Fimbiasso), with inclusive Measured and Indicated Resources of 379,000 ounces of gold (263,000 gold ounces, excluding Fimbiasso) and Inferred Resources of 15,000 gold ounces (8,000 gold ounces, excluding Fimbiasso). Perseus continues to explore the property to potentially increase the mine life. For Royalty Ounce calculation, FNV management estimates 100% of Mineral Reserves & Mineral Resources are subject to our royalty interest and estimates a rate of 0.5% is applicable Sissingué Au Côte d’Ivoire, Rest of World Operator: Perseus Mining Limited Royalty: NSR: 0.5% Precious Metals The Pandora property forms part of the Bushveld complex approximately 40 km east of the town of Rustenburg, South Africa and is 100% owned by Sibanye-Stillwater following its acquisition of Lonmin plc (“Lonmin”) in June 2019. Under Sibanye-Stillwater, Pandora is now grouped as part of its Marikana operations. Franco-Nevada has a 5% NPI royalty that includes a small minimum annual payment of South African rand 100,000. The underground mining operation exploits the UG2 reef horizon with access via a decline from surface. A deepening of the decline was completed in 2013, accessing the 9 and 10 levels. The majority of planned future mining is covered by Franco-Nevada’s 5% NPI royalty and Sibanye-Stillwater has listed Pandora as part of its portfolio of brownfields PGM projects that could extend mine life for the company in the Bushveld complex. Franco-Nevada has not received meaningful NPI payments in recent years. For Royalty Ounce calculation, Franco-Nevada estimates 80% of the Mineral Reserves and Mineral Resources are subject to our royalty interest and estimates a rate of 1.03% (1.04% in 2020, 0.7% in 2019) is applicable assuming an all in cost of $1,199/ounce ($1,212 in 2020, $1,100 for 2019). For 2019 thr ough 2021, Franco-Nevada has assumed a lower margin for the project than in previous years. PGM ounces are converted into Royalty Ounces assuming $1,000/ounce Pt and $2,100/ounce Pd ($1,100/ounce Pt and $2,200/ounce Pd in 2020, $1,050/ ounce Pt and $1,300/ounce Pd in 2019) Pandora PGM South Africa, Rest of World Operator: Sibanye-Stillwater Royalty: NPI: 5% Precious Metals