Certain statements made on this website contain “forward looking information” and
“forward looking statements” within the meaning of applicable Canadian securities laws
and the United States Private Securities Litigation Reform Act of 1995, respectively,
which may include, but are not limited to, statements with respect to future events or
future performance, management's expectations regarding Franco-Nevada's growth, results
of operations, estimated future revenues, performance guidance, carrying value of
assets, future dividends and requirements for additional capital, mineral reserve and
mineral resource estimates, production estimates, production costs and revenue, future
demand for and prices of commodities, expected mining sequences, business prospects and
opportunities, the completion of previously announced transactions, the performance and
plans of third party operators, audits being conducted by the Canada Revenue Agency
(“CRA”), the expected exposure for current and future assessments and available
remedies, the remedies relating to and consequences of the ruling of the Supreme Court
of Panama in relation to the Cobre Panama project. In addition, statements (including
data in tables) relating to reserves and resources including reserves and resources
covered by a royalty, stream or other interest, gold equivalent ounces (“GEOs”) or mine
lives are forward looking statements, as they involve implied assessment, based on
certain estimates and assumptions, and no assurance can be given that the estimates and
assumptions are accurate and that such reserves and resources, mine lives and GEOs will
be realized. Such forward looking statements reflect management's current beliefs and
are based on information currently available to management. Often, but not always,
forward looking statements can be identified by the use of words such as “plans”,
“expects”, “is expected”, “budgets”, “potential for”, “scheduled”, “estimates”,
“forecasts”, “predicts”, “projects”, “intends”, “targets”, “aims”, “anticipates” or
“believes” or variations (including negative variations) of such words and phrases or
may be identified by statements to the effect that certain actions “may”, “could”,
“should”, “would”, “might” or “will” be taken, occur or be achieved. Forward looking
statements involve known and unknown risks, uncertainties and other factors, which may
cause the actual results, performance or achievements of Franco-Nevada to be materially
different from any future results, performance or achievements expressed or implied by
the forward looking statements. A number of factors could cause actual events or results
to differ materially from any forward looking statement, including, without limitation:
fluctuations in the prices of the primary commodities that drive royalty and stream
revenue (gold, platinum group metals, copper, nickel, uranium, silver, iron-ore and oil
and gas); fluctuations in the value of the Canadian and Australian dollar, Mexican peso
and any other currency in which revenue is generated, relative to the U.S. dollar;
changes in national and local government legislation, including permitting and licensing
regimes and taxation policies and the enforcement thereof; the adoption of a global
minimum tax on corporations; regulatory, political or economic developments in any of
the countries where properties in which Franco-Nevada holds a royalty, stream or other
interest are located or through which they are held; risks related to the operators of
the properties in which Franco-Nevada holds a royalty, stream or other interest,
including changes in the ownership and control of such operators; relinquishment or sale
of mineral properties; influence of macroeconomic developments; business opportunities
that become available to, or are pursued by Franco-Nevada; reduced access to debt and
equity capital; litigation; title, permit or license disputes related to interests on
any of the properties in which Franco-Nevada holds a royalty, stream or other interest;
whether or not Franco-Nevada is determined to have “passive foreign investment company”
(“PFIC”) status as defined in Section 1297 of the United States Internal Revenue Code of
1986, as amended; potential changes in Canadian tax treatment of offshore streams;
excessive cost escalation as well as development, permitting, infrastructure, operating
or technical difficulties on any of the properties in which Franco-Nevada holds a
royalty, stream or other interest; access to sufficient pipeline capacity; actual
mineral content may differ from the reserves and resources contained in technical
reports; rate and timing of production differences from resource estimates, other
technical reports and mine plans; risks and hazards associated with the business of
development and mining on any of the properties in which Franco-Nevada holds a royalty,
stream or other interest, including, but not limited to unusual or unexpected geological
and metallurgical conditions, slope failures or cave-ins, flooding and other natural
disasters, terrorism, civil unrest or an outbreak of contagious disease; the impact of
the COVID-19 (coronavirus) pandemic; and the integration of acquired assets. The forward
looking statements contained on this website are based upon assumptions management
believes to be reasonable, including, without limitation: the ongoing operation of the
properties in which Franco-Nevada holds a royalty, stream or other interest by the
owners or operators of such properties in a manner consistent with past practice; the
accuracy of public statements and disclosures made by the owners or operators of such
underlying properties; no material adverse change in the market price of the commodities
that underlie the asset portfolio; Franco-Nevada's ongoing income and assets relating to
determination of its PFIC status; no material changes to existing tax treatment; the
expected application of tax laws and regulations by taxation authorities; the expected
assessment and outcome of any audit by any taxation authority; no adverse development in
respect of any significant property in which Franco-Nevada holds a royalty, stream or
other interest; the accuracy of publicly disclosed expectations for the development of
underlying properties that are not yet in production; integration of acquired assets;
risks related to the completion of previously announced transactions; and the absence of
any other factors that could cause actions, events or results to differ from those
anticipated, estimated or intended. However, there can be no assurance that forward
looking statements will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements. Investors are cautioned
that forward looking statements are not guarantees of future performance. In addition,
there can be no assurance as to the outcome of the ongoing audit by the CRA or the
Company's exposure as a result thereof. Franco-Nevada cannot assure investors that
actual results will be consistent with these forward looking statements. Accordingly,
investors should not place undue reliance on forward looking statements due to the
inherent uncertainty therein.
For additional information with respect to risks, uncertainties and assumptions, please
refer to Franco-Nevada's most recent Annual Information Form filed with the Canadian
securities regulatory authorities on www.sedar.com and Franco-Nevada's most recent Annual Report filed on Form 40-F filed with the
SEC on www.sec.gov. The forward-looking
statements on this website are made as of the date indicated and Franco-Nevada does not
assume any obligation to update or revise them to reflect new information, estimates or
opinions, future events or results or otherwise, except as required by applicable law.
This website does not constitute an offer to sell or a solicitation for an offer to
purchase any security in any jurisdiction.