Franco-Nevada Corporation ("Franco-Nevada" or the "Company") is very pleased to announce that it has reached a settlement with the Canada Revenue Agency ("CRA") which provides for a final resolution of Franco-Nevada's tax dispute in connection with the reassessments under transfer pricing rules of the 2013 to 2019 taxation years (the "Reassessments") related to income generated by two of the Company's wholly-owned foreign subsidiaries, Franco-Nevada (Barbados) Corporation and Franco-Nevada Mexico Corporation, S.A. de C.V. ("Franco-Nevada Barbados" and "Franco-Nevada Mexico", respectively) outside of Canada.

Settlement Highlights

"We are pleased to reach this settlement with the CRA and believe it is a great outcome for Franco-Nevada and its shareholders," said Paul Brink, President & CEO of Franco-Nevada. "This settlement provides greater investment certainty for our global growth ambitions and puts the tax dispute behind us. We can now continue to focus on adding high-quality, long-life assets to our diverse portfolio as we have done over the last 18 months with approximately $3 billion of transactions being completed."

Advisors and Counsel

Osler, Hoskin & Harcourt LLP acted as legal counsel to Franco-Nevada.

Corporate Summary 

Franco-Nevada Corporation is the leading gold-focused royalty and streaming company with the largest and most diversified portfolio of cash-flow producing assets. Its business model provides investors with gold price and exploration optionality while limiting exposure to cost inflation. Franco-Nevada uses its free cash flow to expand its portfolio and pay dividends. It trades under the symbol FNV on both the Toronto and New York stock exchanges. Franco-Nevada is the gold investment that works.

SOURCE Franco-Nevada Corporation

SOURCE: Franco-Nevada Corporation

For more information, please go to our website at www.franco-nevada.com or contact:
Sandip Rana, Chief Financial Officer, 416-306-6303, info@franco-nevada.com

COMTEX_468709379/2197/2025-09-11T17:42:00