FRANCO-NEVADA CORPORATION 55 THE GOLD INVESTMENT THAT WORKS PRECIOUS METALS DIVERSIFIED ASSETS RESERVES AND RESOURCES ADDITIONAL INFORMATION United States N Gold Quarry Mine 7.29% NSR Gold Quarry Open Pit 0.5 Mile Potential Greater Gold Quarry Expansion West Wall Layback 7.29% NSR Gold Quarry Pacific Ocean Oregon Idaho Utah Nevada California Arizona MEXICO 2021 2020 2019 Revenue to Franco-Nevada ($ million) $ 7.5 $ 10.7 $ 15.6 P&P Reserves (koz Au) 1 n/a n/a n/a M&I Resource (koz Au) 1, 2 n/a n/a n/a Inferred Resource (koz Au) 1 n/a n/a n/a P&P Royalty Ounces (000s) 3 n/a n/a n/a M&I Royalty Ounces (000s) 2, 3 n/a n/a n/a Inf Royalty Ounces (000s) 3 n/a n/a n/a 1 Please refer to the table on page 54 for the Carlin Trend Mineral Reserves and Mineral Resources which include Gold Quarry. In 2018 Newmont did not disclose Mineral Reserves and Mineral Resources for individual assets in Nevada 2 All M&I categories are inclusive of Mineral Reserves 3 Please refer to the table on page 54 for the Carlin Trend Royalty Ounce calculation which includes Gold Quarry Gold Quarry Au Nevada, United States Operator: Nevada Gold Mines LLC Royalty: NSR: 7.29% Precious Metals The Gold Quarry operation is part of the Nevada Gold Mines Carlin operations in north-central Nevada. It is a large open-pit mine that has been in production since 1985 supplying ore as part of an integrated mining and processing complex. In 2019, Barrick (61.5%) and Newmont (38.5%) combined their significant assets across Nevada to create Nevada Gold Mines as a joint venture. Under this joint venture, Barrick reports Gold Quarry under its Carlin operations category and Newmont reports Gold Quarry under its Nevada Gold Mines category. Franco-Nevada’s royalty interest covers only a portion of the Gold Quarry property, as shown in the schematic. The Gold Quarry royalty is a 7.29% NSR based on production with a minimum payment obligation. The different annual minimum royalty payments are tied to Mineral Reserves and stockpiles attributed to the Gold Quarry royalty property. Through optimized pit shells, Gold Quarry was able to deliver year-over-year total open-pit resource growth at consistent Annual minimum payment obligations Benefits from additional milling and roasting infrastructure following the formation of Nevada Gold Mines Registered on private lands grades. Notably, mineral resource estimates were further optimized based on process routing options only made possible with the multiple processing facilities available following the formation of Nevada Gold Mines. A key driver for growth at the asset is the expansion of the Gold Quarry roaster. In 2021, Franco-Nevada’s prepaid ounces delivered by Gold Quarry exceeded the Gold Quarry known Mineral Reserves resulting in lower expected future minimum payments. Going forward, Franco-Nevada expects its royalty from Gold Quarry to be 1,350 GEOs per annum based on the minimum payment obligation. Gold Quarry, Nevada