In 1914, Governor General Charles Yeater declared Pantukan a Municipal District. Sangui, a Mansaka, was appointed president. A year after, he was replaced by Bancas Mansaka. In 1937, President Manuel L. Quezon declared it a regular municipality, therefore becoming the oldest local government unit in ComVal province. Teodoro Fuentes was appointed its first Alkalde. Juan Caballero Sr. was its first elected Mayor. From then up to the present, the elected mayors were: Graciano Arafol (1952-1959), Diosdado Basanez (1960-1963), Celso Sarenas (1964-) with Juan Caballero, Jr. as OIC (1986-1987), Jovito Derla (1988-1992), Juan Caballero, Jr. (1992-1996), Jovita Derla (1996-2000), Tok Sarenas (2000-2013), and Roberto Yugo (2013-).
The town is primarily dependent on mining but agriculture thrives in communities within its boundary. While small scale mining operates in the town, a large mining operator has been granted permit to explore gold in the area. Gold deposits in Barangay Kingking alone is estimated to be at 10.3 million ounces with copper deposits of 5.4 billion pounds. Nationwide Development Corporation (Nadecor) holds the Mineral Production Sharing Agreement (MPSA) for the Kingking mine site.