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May 31 (Reuters) - Cameco Corp
* Cameco updates production outlook for cigar lake
* Canadian Nuclear Safety Commission (cnsc) has approved an application by Areva Resources Canada Inc.
* Cigar lake mine is expected to reach its full annual production of 18 million pounds (cameco's share 9 million pounds) in 2017
* Commission approved an application to increase annual licensed production capacity of mcclean lake milling operation to 24 million pounds of uranium concentrate Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)