RBC Capital downgraded SSR Mining to Underperform from Sector Perform with a price target of $3, down from $6. The analyst now assumes zero value and production for Copler/Hod Maden mines in Turkey. This follows news that Copler’s environmental permits have been revoked, and employees have been charged, signaling that valuation risks have increased again as the situation evolves, with ongoing share price volatility, the analyst tells investors in a research note.
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