2022 ASSET HANDBOOK 82 FNV TSX NYSE Other Canada Assets Canada Precious Metals Please refer to the tables on pages 128-136 for a breakout of grade and tonnages by Mineral Resource category. Franco-Nevada has a 1% NSR as well as a $10/oz production payment on gold produced in excess of 1.85 million ounces from the Red Mountain project near Stewart, B.C. Franco-Nevada acquired the royalty as part of the Barrick royalty portfolio in November 2013. In March 2019, Ascot Resources Ltd. (“Ascot”) completed its acquisition of IDM Mining and its 100%-owned Red Mountain project. In October 2019, Ascot announced an updated Mineral Resource and as a result, Measured and Indicated Mineral Resources increased by almost 200,000 ounces of gold compared to a 2017 feasibility study prepared by IDM Mining. Based on the updated Mineral Resource a revised feasibility study was released in April 2020 which envisioned the feed from four deposits (Big Missouri, Silver Coin, Premier and Red Mountain) being processed at the Premier mill. The Premier mill required refurbishment and expansion as it had been on care and maintenance for over 20 years. The updated feasibility study contemplated Red Mountain ore being processed in the second year of operation for approximately 7 years and contributing roughly half the ore feed for the mill, or approximately 70,000 ounces per annum in year 3 to 7. Ascot has since indicated that it would defer Red Mountain development until later in mine life and commercial production of the combined operation is expected in H2 2023. The Red Mountain project received federal Environmental Assessment approval in January 2019 and, in April 2019, signed a Benefits Agreement with the Nisga’a Nation. In July 2021, Ascot signed an updated Benefits Agreement for both the Premier Gold and Red Mountain project. For Royalty Ounce calculation, Franco-Nevada estimates 100% of Mineral Reserves and Mineral Resources are subject to our royalty interest and estimates an average rate of 1.0% is applicable Red Mountain Au British Columbia, Canada Operator: Ascot Resources Ltd. Royalty: NSR: 1% / Production Payment Precious Metals PRECIOUS METALS Canada In June 2015, Yamana acquired Mega Precious Metals Inc. and the Monument Bay property, which is located in Manitoba, approximately 570 km northeast of Winnipeg adjacent to the Ontario border. Monument Bay consists of 136 contiguous claims and hosts a Measured and Indicated Mineral Resource base of 1.79 million ounces of gold in 36.6 million tonnes grading 1.52 g/t. Franco-Nevada holds a 2% NSR royalty on the first 1.0 million ounces produced and a 3% NSR on any additional production. In September 2018, Yamana signed an Exploration Agreement with Red Sucker Lake First Nations in relation to the Monument Bay exploration site. Mineral Resources for Monument Bay demonstrate a large mineralized envelope with higher grade plunging mineralized shoots that continue at depth. In both 2020 and 2021, Yamana focused on exploring these high-grade extensions and on targets surrounding the Twin Lakes shear zone, an area believed to host considerable opportunities for resource expansion. The Twin Lakes deposit was originally being considered as an open-pit operation but is being re-evaluated as an underground project, with internal studies indicating the presence of steeply plunging higher-grade shoots within the open-pit Mineral Resource. Recently completed deep drilling provided an initial test of the depth extent and potential of several well-defined high-grade steeply plunging mineralized shoots along the 4 km strike length of the deposit. For Royalty Ounce calculation, Franco-Nevada estimates 100% of Mineral Reserves and Mineral Resources are subject to our royalty interest and estimates an average rate of 2.0% is applicable for the first 1.0 million ounces produced and 3.0% on any additional ounces Monument Bay Au Manitoba, Canada Operator: Yamana Gold Inc. Royalty: NSR: 2-3% Precious Metals Red Mountain, British Columbia