About Franco-Nevada

Franco-Nevada Corporation (Franco-Nevada) operates as a gold-focused royalty and streaming company. The company’s assets are categorized by commodity and stage of development. By commodity, assets are characterized as Precious Metals or Diversified. Precious Metals includes gold, silver, and PGM assets. Diversified includes iron ore, other mining and energy assets (which encompass oil, gas and natural gas liquids). Candelaria Mining The Candelaria Copper Mining Complex includes two adjacent copper mining operations, Compañia Contractual Minera Candelaria (Minera Candelaria) and Compañia Contractual Minera Ojos del Salado (Minera Ojos del Salado), which produce copper concentrates from open pit and underground mines. Minera Candelaria is an open pit and underground mine (Candelaria Underground) providing copper ore to an on-site flotation concentrator with a nominal processing capacity of 75,000 tpd, and Minera Ojos del Salado comprises two underground mines: Santos and Alcaparrosa. Operations at the Alcaparrosa mine were suspended following the appearance of a surficial sinkhole near the mine on July 30, 2022. The Santos mine provides copper ore to an on-site concentrator with a capacity of 3,800 tpd, while the remainder of ore from the Santos mine and, while in production, ore from the Alcaparrosa mine is treated at the Minera Candelaria processing plant. The Candelaria Copper Mining Complex is indirectly owned by Lundin (80%) and Sumitomo Corporation (Sumitomo) (20%). The Candelaria Copper Mining Complex is located in Chile’s Atacama Region, at an elevation of approximately 650 m above sea level, approximately 20 km south of the city of Copiapó and 650 km north of Santiago. The properties are easily accessed using the public road system. The regional Atacama airport is serviced by daily commercial flights from Santiago and other destinations. The mineral concentrate products from the two processing plants are transported by road to either a domestic smelter in Chile or to Candelaria’s concentrate storage facility and marine terminal at Punta Padrones, which is located on the Pacific coast approximately 110 km from the mining complex and adjacent to the community of Caldera. Punta Padrones port is also the site of a desalination plant that Minera Candelaria built in 2013, to supply it with process water via a dedicated pipeline. The Minera Candelaria property includes 220 mining exploitation concessions (approximately 6,094 ha) and 29 mining exploration concessions (approximately 6,680 ha) and the Minera Ojos del Salado property comprises 206 mining exploitation concessions (approximately 9,305 ha) and 51 mining exploration concessions (approximately 11,050 ha). Cobre Panama Mining The Cobre Panama concessions are located 120 km west of Panama City and 25 km from the Caribbean Sea coast, in the Donoso and Omar Torrijos Herrera Districts of Colon Province, in the Republic of Panama. The Cobre Panama property consists of four concessions covering a combined area of 12,955.1 hectates (ha). The nearest community, the village of Coclecito (population approximately 2,600), is 12 km southeast of the plant site. The city of Penonome, which has a population of approximately 25,000, is 49 km southeast of Coclecito. Acquisitions On April 14, 2022, Franco-Nevada agreed to acquire, through a wholly-owned subsidiary, an effective 0.4582% NSR on JX Nippon Mining & Metals Group’s producing Caserones copper-molybdenum mine located in the Atacama Region of northern Chile. On May 2, 2022, Franco-Nevada acquired, through a wholly-owned subsidiary, an existing 2% NSR on gold and silver produced from the Pacific Clay claims, which comprise a portion of the JSLA pit of Equinox Gold Corp.’s Castle Mountain project in San Bernardino County, California. On July 18, 2022, Franco-Nevada acquired, through a wholly-owned subsidiary, Franco-Nevada (Barbados) Corporation (FNBC), a gold stream with reference to production from the Tocantinzinho project, owned by G Mining Ventures Corp. (G Mining Ventures) and located in Pará State, Brazil (the Stream). On July 25, 2022, Franco-Nevada acquired, through a wholly-owned subsidiary, a portfolio of seven royalties, each with a 2% Net Smelter Return (NSR) on precious metals and 1% NSR on base metals, which collectively cover approximately 230 km2 in northern Chile. On October 6, 2022, Franco-Nevada acquired a 2% NSR on all of Westhaven Gold Corp.’s (Westhaven” claims across the Spences Bridge Gold Belt in southern British Columbia. On October 27, 2022, Franco-Nevada acquired a 2% NSR on Argonaut Gold Inc.’s (Argonaut Gold) construction-stage Magino gold project in Ontario. In addition to the Magino project, the royalty covers all of Argonaut Gold’s regional exploration properties. Subsequent to year-end, on February 22, 2023, Franco-Nevada acquired a portfolio of five primarily gold royalties from Trident Royalties Plc (Trident), which includes a 1.5% NSR on Ramelius Resources Limited’s Rebecca gold project (Rebecca) located in Western Australia. Subsequent to year-end, on February 22, 2023, Franco-Nevada acquired a portfolio of five primarily gold royalties from Trident Royalties Plc (Trident), which includes a 1.5% NSR on Ramelius Resources Limited’s Rebecca gold project (Rebecca) located in Western Australia. History Franco-Nevada Corporation was founded in 1986. The company was incorporated under the Canada Business Corporations Act in 2007.