2022 ASSET HANDBOOK 74 FNV TSX NYSE 2021 2020 2019 Revenue to Franco-Nevada ($ million) $ 3.2 $ 3.2 $ 2.7 P&P Reserves (koz Au) 1 541 653 653 M&I Resource (koz Au) 1 675 1,040 1,040 Inferred Resource (koz Au) 1 24 1,161 1,161 P&P Royalty Ounces (000s) 2 12 15 15 M&I Royalty Ounces (000s) 1, 2 15 23 23 Inf Royalty Ounces (000s) 2 1 26 26 1 Please refer to the tables on pages 128-136 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 Reserves and Mineral Resources are subject to our royalty interest and estimates a rate of 2.25% is applicable Timmins West Au Ontario, Canada Operator: Pan American Silver Corp. Royalty: NSR: 2.25% Precious Metals Franco-Nevada’s Timmins West 2.25% NSR royalty covers a large land package of approximately 130 km 2 to the west of the City of Timmins, Ontario. The Timmins West property hosts the Timmins and Thunder Creek deposits as well as the 144 Trend exploration zones and the Gold River Trend. Franco-Nevada acquired the royalty from Lake Shore Gold Corp. (“Lake Shore Gold”) in 2012, after Lake Shore Gold put the property into full commercial production in 2011. Lake Shore Gold was acquired by Tahoe Resources Inc. (“Tahoe Resources”) in April 2016, which was subsequently acquired by Pan American Silver Corp. (“Pan American Silver”) in February 2019. Under Pan American Silver, public reporting for both the Timmins West and Bell Creek underground mines has been consolidated into its Timmins operations (Franco-Nevada does not have a royalty on Bell Creek). Pan American Silver produced 133,800 ounces of gold from its Timmins operations in 2021 versus 148,400 ounces of gold in 2020. Gold production is forecast to be between 135,000 ounces and 143,000 ounces in 2022. Ore from both the Timmins West and Bell Creek mines is processed at the Bell Creek mill. Debottlenecking of the plant was conducted to optimize improved efficiencies resulting from the commissioning of the Bell Creek shaft in February 2019. Pan American Silver holds a significant land position in the Timmins Camp providing potential for exploration upside. Exploration success has extended mine life and further exploration potential on the property includes targeting zones below the Thunder Creek deposit as well as at the 144 Trend and Gold River Trend. Canada PRECIOUS METALS N N Bell Creek Mine & Mill Destor-Porcupine Fault Burrows Benedict Fault Mattagami River Fault Bell Creek Complex 4 kms Timmins Deposit Thunder Creek Deposit Gold River Trend 144 Gap Zone Deposit Timmins West 101 Timmins Km 0 20 Dome Mine Hollinger McIntyre Hoyle Pond Pamour Mine Timmins West 2.25% NSR UG Mine Shaft Deposits Timmins West Quebec Ontario Large land package providing exploration upside Exploration success has extended the mine life Timmins West, Ontario