Talks between the company and workforce representatives failed over cost reductions to continue operations at the mine during low gold prices.
The company is continuing discussions with a committee representing the mine workforce, to identify a feasible solution.
Avocet Mining said it will provide further updates at a later date.
In August, the company dropped its full-year production forecast due to a delay in delivery of key equipment to Inata, in addition to funding issues and reserve downgrade at the mine, reported Reuters.
Inata mine is 90%-owned by Avocet Mining, while the government of Burkina Faso holds the remaining 10% stake.
The company owns a number of exploration licences across Burkina Faso and the Tri-K development project in Guinea.
