09:12 ET--Americas Gold & Silver's 3Q production in at its Idaho mine Galena was below forecasts as the company continues to focus on debottlenecking activities and waste development for the ongoing ramp up, says TD Cowen's Wayne Lam. "Q3 output was below consensus on continued ramp up at Galena, offset by stronger production from Cosala driven by higher grades from the heart of the EC120 Zone," Lam says. The analyst says this ramp-up at Galena will continue to be an ongoing theme. "FY guidance was reiterated and we continue to view focus on ramp up execution ahead," Lam adds.