SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                  SCHEDULE 13G
                                 (Rule 13d-102)

             INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
            TO RULES 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED
                             PURSUANT TO RULE 13d-2(b)
                                (Amendment No. 0)*


                             Novagold Resources Inc
--------------------------------------------------------------------------------
                                (Name of Issuer)


                                   Common Stock
--------------------------------------------------------------------------------
                         (Title of Class of Securities)


                                    66987E206
--------------------------------------------------------------------------------
                                 (CUSIP Number)


                                 31 December 2011
--------------------------------------------------------------------------------
             (Date of Event Which Requires Filing of this Statement)


Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:

[X]  Rule 13d-1(b)
[_]  Rule 13d-1(c)
[ ]  Rule 13d-1(d)

--------------------------------------------------------------------------------
1 The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 the "Act") or otherwise subject to the liabilities of that section
of the Act, but shall be subject to all other provisions of the Act (however,
see the Notes.)

                         (Continued on following pages)

                                Page 1 of 6 Pages







CUSIP No. 66987E206            Schedule 13G                 Page 2 of 6 Pages
          -----------        --------------

1.       NAMES OF REPORTING PERSONS
         I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

         M&G Investment Management Limited
         No I.R.S Identification Number
--------------------------------------------------------------------------------
2.       CHECK THE APPROPRIATE BOX IF THE MEMBER OF A GROUP*
                                                                 (a)  [ ]
                                                                 (b)  [ ]
--------------------------------------------------------------------------------
3.       SEC USE ONLY
--------------------------------------------------------------------------------
4.       CITIZENSHIP OR PLACE OF ORGANIZATION
         United Kingdom, England
--------------------------------------------------------------------------------
                     5.   SOLE VOTING POWER
NUMBER OF                 0
SHARES              ------------------------------------------------------------
BENEFICIALLY         6.   SHARED VOTING POWER
OWNED BY                  15,148,400

EACH                ------------------------------------------------------------
REPORTING            7.   SOLE DISPOTIVE POWER
PERSON                    0
WITH                ------------------------------------------------------------
                     8.   SHARED DISPOTIVE POWER
                          36,448,400
--------------------------------------------------------------------------------
9.       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
         36,448,400
--------------------------------------------------------------------------------
10.      CHECK BOX IF AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
         SHARES*                                              [_]
--------------------------------------------------------------------------------
11.      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
         15.18%
--------------------------------------------------------------------------------
12.      TYPE OF REPORTING PERSON
         IA
--------------------------------------------------------------------------------










CUSIP No. 66987E206            Schedule 13G                 Page 3 of 6 Pages
          -----------        --------------

1.       NAMES OF REPORTING PERSONS
         I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

         M&G Investment Funds 1
         No I.R.S Identification Number
--------------------------------------------------------------------------------
2.       CHECK THE APPROPRIATE BOX IF THE MEMBER OF A GROUP*
                                                                 (a)  [_]
                                                                 (b)  [_]
--------------------------------------------------------------------------------
3.       SEC USE ONLY
--------------------------------------------------------------------------------
4.       CITIZENSHIP OR PLACE OF ORGANIZATION
         United Kingdom, England
--------------------------------------------------------------------------------
                     5.   SOLE VOTING POWER
NUMBER OF                 0
SHARES              ------------------------------------------------------------
BENEFICIALLY         6.   SHARED VOTING POWER
OWNED BY                  14,650,000
EACH                ------------------------------------------------------------
REPORTING            7.   SOLE DISPOTIVE POWER
PERSON                    0
WITH                ------------------------------------------------------------
                     8.   SHARED DISPOTIVE POWER
                          14,650,000
--------------------------------------------------------------------------------
9.       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
         14,650,000
--------------------------------------------------------------------------------
10.      CHECK BOX IF AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
         SHARES*                                              [_]
--------------------------------------------------------------------------------
11.      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
          6.10%
--------------------------------------------------------------------------------
12.      TYPE OF REPORTING PERSON
         OO
--------------------------------------------------------------------------------



CUSIP No. 66987E206            Schedule 13G                 Page 4 of 6 Pages
          -----------        --------------

Item 1(a).   Name of Issuer:

                  Novagold Resources Inc.

Item 1(b).   Address of Issuer's Principal Executive Offices:

		       PO Box 24, Suite 2300-200 Granville Street, Vancouver,
   British Columia, Canada, V6C 1S4

Item 2(a).   Name of Person Filing:

1. M&G Investment Management Limited (MAGIM)
2. M&G Investment Funds 1

Item 2(b).   Address of Principal Business Office or, if None,
                  Residence:

                  Governor's House, Laurence Pountney Hill, London, EC4R 0HH

Item 2(c).   Citizenship:

                  United Kingdom, England

Item 2(d).   Title of Class of Securities:

                  Common Stock

Item 2(e).   CUSIP Number:

                  66987E206

Item 3.	      Type of Person:


               (e) MAGIM is an investment advisor in accordance with
       s.240.13d-1(b)(1)(ii)(E)

	Some of the securities covered by this report are owned
	legally by Vanguard precious Metals and Mining Fund,
	MAGIMs investment advisory client. MAGIM has sole
	investment power and no voting power in these securities.

All the securities covered by this report are legally owned by MAGIMs
Investment advisory clients, and none are owned directly by
MAGIM.

Item 4.      Ownership.
             Provide the following information regarding the aggregate
             number and percentage of the class of securities of the issuer
             identified in Item 1.

        (a)  Amount Beneficially Owned: 36,448,400

        (b)  Percent of Class: 15.18%

        (c)  Number of shares as to which such person has:
			M&G Investment Management Limited
(i)    sole power to vote or to direct the vote  0
                                                                ----------
               (ii)   shared power to vote or to direct the
                      vote                                      15,148,400

               (iii)  sole power to dispose or to direct the
                      disposition of                            0
                                                                ----------
               (iv)   shared power to dispose or to direct the
                      disposition of                            36,448,400
                                                                ----------
                                                    M&G Investment Funds (1)
               (i)    sole power to vote or to direct the vote  0
                                                                ----------
               (ii)   shared power to vote or to direct the
                      vote                                      14,650,000
                                                                ----------
               (iii)  sole power to dispose or to direct the
                      disposition of                            0
                                                                ----------
               (iv)   shared power to dispose or to direct the
                      disposition of                            14,650,000
                                                                ----------








CUSIP No. 66987E206          Schedule 13G                 Page 5 of 6 Pages
          -----------        --------------

Item 5.      Ownership of Five Percent or Less of Class.
             If this statement is being filed to report the fact that as
	     of the date hereof the reporting person has ceased to be the
     beneficial owner of more than five percent of the class of
     securities, check the following

             Not Applicable.

Item 6.      Ownership of More than Five Percent on Behalf of Another
             Person.

             Not applicable.

Item 7.      Identification and Classification of the Subsidiary Which
             Acquired the Security Being Reported on by the Parent Holding
	      Company.

             Not applicable.

Item 8.      Identification and Classification of Members of the Group.


             Not applicable.

Item 9.      Notice of Dissolution of Group.

             Not Applicable



CUSIP No. 66987E206             Schedule 13G                 Page 6 of 6 Pages
          -----------        --------------

Item 10.  Certification.
          -------------

          (a) The following certification shall be included if the statement
          is filed pursuant to Rule 13d-1(b):

          "By signing below I certify that, to the best of my knowledge
          and belief, the securities referred to above were acquired
          and are held in the ordinary course of business and were not
          acquired and are not held for the purpose of or with the
          effect of changing or influencing the control of the issuer of
          the securities and were not acquired and are not held in
          connection with or as a participant in any transaction
          having that purpose or effect. "


                                           SIGNATURE

          After reasonable inquiry and to the best of my knowledge and belief,
          I certify that the information set forth in this statement is true,
          complete and correct.

                                By:  --//Mark Thomas//--
                                     --------------------------------------
                                Name:    Mark Thomas
                                Title:   Head of Group Funds
                                Date:    February 09, 2012


Exhibit A

AGREEMENT OF JOINT FILING

In accordance with Rule 13d-1(k) under the Securities Exchanges
Act of 1934, as amended, the undersigned hereby agrees that the
foregoing statement on Schedule 13G/A, is filed on behalf of
each of the undersigned without the necessity of filing
additional joint acquisition statements.  The undersigned
acknowledge that each shall be responsible for the timely
filing of such amendments, and for the completeness and
accuracy of information concerning the others, except
to the extent that he or it knows or has reason to believe
that such information is inaccurate.

IN WITNESS WHEREOF, the undersigned hereby execute this
Agreementon the 09th day of February, 2012.

					M&G INVESTMENT MANAGEMENT LIMITED

					By  /s/ Mark Thomas
Date:  February 09, 2012	Head of M&G Notifiable Reporting



					M&G Investment Funds 1

					By  /s/ Mark Thomas
Date:  February 09, 2012     	Head of M&G Notifiable Reporting