2022 ASSET HANDBOOK 72 FNV TSX NYSE 2021 2020 2019 Revenue to Franco-Nevada ($ million) $ 3.1 $ 1.9 $ 0.4 P&P Reserves (koz Au) 1 3,061 3,061 3,061 M&I Resource (koz Au) 1 4,397 4,397 4,397 Inferred Resource (koz Au) 1 361 361 361 P&P Royalty Ounces (000s) 2 31 31 31 M&I Royalty Ounces (000s) 1, 2 44 44 44 Inf Royalty Ounces (000s) 2 4 4 4 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 100% of the Mineral Reserves and Mineral Resources are subject to our royalty interest and estimates a rate of 1.0% is applicable Dublin Gulch (Eagle) Au Yukon, Canada Operator: Victoria Gold Corp. Royalty: NSR: 1-1.5% Precious Metals Franco-Nevada has a 1% NSR on the Eagle Gold mine which is owned and operated by Victoria Gold Corp. (“Victoria Gold”). The Eagle deposit is part of the larger Dublin Gulch claim block and is located in central Yukon. In addition, Franco-Nevada has a 1.5% NSR on the Lynx properties (part of the Dublin Gulch claim) which is subject to a C$15,000 annual advance royalty payment and is capped at C$1,500,000. In July 2020, the Eagle Gold mine achieved commercial production. In 2021, the operation produced 164,222 ounces of gold compared with 116,644 ounces of gold in 2020. Gold production for 2022 is estimated to be between 165,000 and 190,000 ounces with mining, crushing, irrigation of ore on the heap leach pad all expected to operate at full capacity during the year. Victoria Gold’ s December 2019 feasibility study for the Eagle Gold mine envisions average yearly production of 210,000 ounces of gold over a 12-year mine life. Victoria Gold has initiated ‘Project 250’ aimed at increasing the average annual gold production of the Eagle Gold mine to 250,000 ounces of gold by 2023. Construction of ‘Project 250’ Canada PRECIOUS METALS Eagle Royalty 1% gross return royalty Lynx Royalty 1.5% NSR A B Dublin Gulch (Eagle Deposit) Yukon Northwest Territories Alaska British Columbia B Dublin Gulch (Eagle Deposit) Royalty Area Nugget-Raven Whiskey Wrinkles Eagle Extension Wolf-Tungsten Catto Olive- Shamrock Popeye Eagle West Rex Peso Bluto Eagle Mine Access Road Lynx Mar Zone Property Len Zone Property Eagle Gold Mine Km 0 2.5 A DG Claims boundar y is expected to begin in H1 2022 and completed in H2 2022. Victoria Gold is also initiating ‘Project 2040’ which involves mine life extensions, potentially by 10 years to 2040, with a resource update planned in the future. Fr anco-Nevada’s royalty is estimated to cover the entire Eagle deposit which contains Mineral Reserves of 3.06 million ounces (148 million tonnes grading 0.64 g/t) and a small portion of the smaller satellite Olive Zone which contains Mineral Reserves of 0.2 million ounces (7 million tonnes grading 0.95 g/t). Victoria Gold continues to explore the broader land package targeting Eagle Deep, Lynx, and Olive-Shamrock (on or partially on royalty ground) as well as Nugget-Raven (not on royalty ground). In October 2021, Victoria Gold completed drilling at the near-surface, high-grade Lynx target with additional encouraging results in March 2022. Exploration potential both near-mine and across the broader land package ‘Project 250’ is anticipated to increase the average annual gold production to 250,000 ounces of gold by 2023 Dublin Gulch, Yukon