The province is surrounded with rich fishing areas where all kinds of commercial species of fish teemed in great abundance.
Rich minerals are found in the province. Masbate is described by geologists as a province sitting on a "pot of gold". Other minerals found in the area are manganese, copper, silver, iron, chromite, limestone, guano, and carbon.
Cottage industries such as furniture and cabinet making, ceramics, garments, handicrafts and metalcrafts, are likewise source of livelihood
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