Blue Note Mining Inc. reported unaudited consolidated earnings results for the year ended December 31, 2011. For the period, the company has posted loss from operations of CAD 2.54 million against CAD 3.61 million a year ago. Loss before tax was CAD 2.172 million against CAD 2.94 million a year ago. Loss for the period was CAD 2.54 million or CAD 0.02 basic and diluted per share against CAD 3.25 million or CAD 0.03 basic and diluted per share a year ago. Loss attributable to shareholders was CAD 2.99 million against CAD 3.340 million a year ago. Cash-flow used in operating activities was CAD 1.327 million against CAD 3.038 million a year ago. Investing in mining properties and deferred exploration costs was CAD 2.74 million against CAD 0.93 million a year ago. Investing in property and equipment was CAD 0.002 million against CAD 0.004 million a year ago.