Copper Development Corporation announced audited consolidated earnings results for the year ended December 31, 2011. For the period, the company reported unrealised loss on investment of $3,290,965. Loss before finance income was $10,732,594 compared to $12,396,198 a year ago. Loss before income tax was $10,453,549 compared to $12,365,329 a year ago. Loss after income tax was $10,453,549 compared to $12,242,182 a year ago. Loss attributable to minority interests was $111,784 compared to $137,616 a year ago. Loss attributable to equity shareholders was $10,341,765 compared to $12,104,566 a year ago. Basic and diluted loss per share was $0.0457 compared to $0.1186 a year ago. Net cash used in operating activities was $6,370,995 compared to $9,698,703 a year ago. Purchase of property, plant and equipment was $483,067 compared to $532,339 a year ago.