The Globe and Mail reports in its Wednesday edition that RBC analyst Michael Siperco downgraded SSR Mining for the second time in less than a week, seeing the outlook for its Copler mine in Turkey deteriorating further following a landslide that forced the suspension of operations. The Globe's David Leeder writes that Mr. Siperco lowered his recommendation for SSR Mining to "underperform" from "sector perform." Mr. Siperco slashed his share target in half to $3 (U.S.). Analysts on average target the shares at $8.67 (U.S.). Mr. Siperco says in a note: "Updates since Friday's close have not improved, with rescue efforts ongoing, and operations now shut indefinitely after Turkish authorities revoked the mine's environmental permit. SSR Mining also confirmed that several Copler employees have been charged in relation to the incident. While an extended shutdown was expected (and reflected in the initial 50-per-cent discount we applied to Copler) the updates in our view reduce the prospect of SSR Mining realizing value from the mine, or obtaining construction permits for Hod Maden in Turkey. ... Pending further information, we do not factor in any other potential fines, penalties, litigation costs or environmental liabilities."