FNV: TSX | NYSE 84 TCFD Disclosure Physical Risks Description of Physical Risks Potential Financial Impact for: Our Operators Our Company SUMMARY Acute: Extreme weather events caused by global warming (e.g. droughts, floods, hurricanes, etc.). These events may lead to production delays and cessation of operations. • Short-term delay (deferral) of Revenues Chronic: Gradual shifts in weather conditions (e.g. water scarcity, shifts in rainfall patterns, rising sea levels, etc.). These shifts may lead to recurring production delays and cessations of operations and increased operating costs to adapt to climate changes, which may lead to projects being abandoned or placed into care and maintenance if adaptation costs erode anticipated profitability. • Longer-term and potentially recurring delays (deferrals) of Revenues • Potential impact to valuation of Assets on balance sheet (e.g. impairment or write-off of assets) BY JURISDICTION CHILE • Reduction in annual precipitation rates is likely to exacerbate Chile’s pre-existing issues of water stress as well as the frequency and length of droughts • Despite an overall trend towards decreasing precipitation, extreme rainfall events are expected to intensify • Chile is projected to experience lower rates of warming than the global average, yet rising temperatures still pose risks Main risks : Health and safety of employees; social license to operate as increasing temperatures and decreasing rainfalls leads to loss of biodiversity Financial impacts to operations : Reduction in revenue due to production delays; increased operational costs (i.e. repairs to operations, energy costs) Revenue could be impacted in the short, medium or long-term due to interruptions to production caused by physical climate hazards. Risk of stranded Assets : Low-medium NEVADA • Nevada is at high risk of extreme heat, with the increased severity and frequency of heat waves posing a significant risk to people and projects • There is a high likelihood that rising temperatures will increase the severity and intensity of droughts • The risk of wildfires will increase, while flooding and storms may also become more common Main risks : Health and safety of employees; social license to operate given water scarcity issues caused by extreme heat Financial impacts to operations : Reduction in revenue due to production delays; increased operational costs (i.e. repairs to operations, energy costs) Revenue could be impacted in the short, medium or long-term due to interruptions to production caused by physical climate hazards. Risk of stranded Assets : Low