Based on the 2015 company plan it looks like production will net contribute $2.5 million to the G&A and exploration expenses you outline so the $10 cost would be operating costs excluding some items. They forecast to end the 2015 year with $2.5 million in the bank using pretty much today's gold/silver prices so any move higher will quickly move to the bottom line.

If you like gold/silver going higher here then Golden is going to be a sure winner in 2015 and no need to access capital markets. If prices stay where they are then Golden will need to access capital markets by Q1 2016 if the expense spending plan remains the same so they have some flexibility.