Being a fishing community and the only municipality with the most number of island barangays, the town is rich in fishery and aquatic resources. It is considered by the fisheries authorities as the best fishing belt in the region.
The coastal waters offer almost all speciesof marine life: euchuema, abalone, ornamental fish, lobster and the GoldenCowry (known for its extraordinary goldensheen). They also offer delicacies, shellcraft products as well as fresh andprocessed marine products. Existing land use indicates a predominanceof agriculture use which covers 38.2% of the total land area. Most of the agriculturallands are dominantly planted with coconuttrees. Other major crops include vegetables, rootcrops, palay, corn, banana and other fruit trees, coffee and pineapple.
The municipality is likewise rich in mineral resources. It has an estimated mineral reserve of bauxite, nickel and titaferous magnitie of more than 26.7 million metric tons.
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