2022 ASSET HANDBOOK 42 FNV TSX NYSE Santiago Antofagasta Arequipa Cusco Mina Justa Cerro Pelado Santo Domingo Teresa de Colm’o Punta del Cobre Mantoverde El Espino Panulcillo IOCG Deposit Lima La Paz Salta N 0 250 Kilometers Condestable Candelaria Cretaceous IOCG Belt IOCG Mine (FNV Stream) Pacific Ocean Bolivia Argentina Chile Peru Condestable UG Surface Facilities Raul UG V inchos UG Pacific Ocean N 0 5 Kilometers Condestable Gold and Silver Stream Condestable Mining Property 102 km to Lima Pan American Hwy On March 8, 2021, Franco-Nevada (Barbados) Corporation, a subsidiary of Franco-Nevada, closed a precious metals stream on production from the Condestable mine in Peru, for an up-front deposit of $165 million. The Condestable mine is located approximately 90 km south of Lima, Peru, and is owned and operated by a majority-owned subsidiary of Southern Peaks Mining LP (“SPM”), a private company . The Condestable mine has a demonstrated operating track record of over 50 years with a proven history of resource conversion. For the first 5 years of the str eaming agreement, commencing on January 1, 2021 and ending December 31, 2025, Franco-Nevada will receive 8,760 ounces of gold and 291,000 ounces of silver annually until a total of 43,800 ounces of gold and 1,455,000 ounces of silver have been delivered (the “Fixed Deliveries”). Thereafter, Franco-Nevada will receive 63% of the contained gold and contained silver produced until a cumulative total of 87,600 ounces of gold and 2,910,000 ounces of silver have been delivered (the “Variable Phase 1 Deliveries”). The stream then reduces to 25% over the remaining life of mine (the “Variable Phase 2 Deliveries”). Franco-Nevada will pay 20% of the spot price for gold and silver for each ounce delivered under the stream (the “Ongoing Payment”). The stream has an effective date of January 1, 2021, with the first quarterly delivery received on March 15, 2021. For a period of four years fr om closing, subject to certain restrictions, a subsidiary of SPM may, at its option, make a one-time special delivery comprising the number of ounces of refined gold equal to $118.8 million at the then current spot price subject to the Ongoing Payment, to achieve the early payment of the Fixed Deliveries and Variable Phase 1 Deliveries. The Variable Phase 2 Deliveries would commence immediately thereafter. The str eam is referenced to the entire Condestable concessions covering approximately 450 km 2 with excellent near mine exploration upside. SPM is currently ramping up processing capacity at the Condestable mine from 7,000 tpd to 8,400 tpd and is advancing a feasibility study on additional plant capacity expansion to 10,000 tpd. 2021 2020 2019 Revenue to Franco-Nevada ($ million) $ 22.5 $ – $ – P&P Reserves (koz Au) 1 170 n/a – M&I Resource (koz Au) 1 701 711 – Inferred Resource (koz Au) 1 480 481 – P&P Reserves (moz Ag) 1 5.2 n/a – M&I Resource (moz Ag) 1 17.6 17.9 – Inferred Resource (moz Ag) 1 12.3 12.3 – P&P Royalty Ounces (000s) 2 n/a n/a – M&I Royalty Ounces (000s) 1, 2 180 188 – Inf Royalty Ounces (000s) 2 89 92 – 1 Please r efer 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 Ro yalty Ounce calculation, Franco-Nevada estimates fixed deliveries for M&I Royalty Ounces of 8,760 ounces of gold and 291,000 ounces of silver per year until December 2025; then, 63% of gold and silver until 87,600 ounces of gold and 2,910,000 ounces of silver are delivered, respectively; thereafter, 25% of gold and silver ounces are subject to the stream. For Inferred Royalty Ounces, Franco-Nevada assumes 25% of gold and silver from Inferred Mineral Resources (25% in 2020) are subject to the stream. Silver has been converted to Royalty Ounces assuming $1,800/oz gold and $23.00/oz ($1,750/oz gold and $25.00/oz in 2020). The stream interest has been factored by ongoing payments of 20% of the spot price of gold and silver Condestable Au & Ag Peru, South America Operator: Southern Peaks Mining LP Stream: Gold and Silver Stream Precious Metals Proven operation with excellent potential for expansions and mine life extension (over 50-year operating history) Large, prospective land package of approximately 450 km 2 Santiago Antofagasta Arequipa Cusco Mina Justa Cerro Pelado Santo Domingo Teresa de Colm’o Punta del Cobre Mantoverde El Espino Panulcillo IOCG Deposit Lima La Paz Salta N 0 250 Kilometers Condestable Candelaria Cretaceous IOCG Belt IOCG Mine (FNV Stream) Pacific Ocean Bolivia Argentina Chile Peru Condestable UG Surface Facilities Raul UG V inchos UG Pacific Ocean N 0 5 Kilometers Condestable Gold and Silver Stream Condestable Mining Property 102 km to Lima Pan American Hwy South America PRECIOUS METALS Condestable, Peru