Having earlier beaten hosts Colombia 6-0 and the United States 5-4, the seventh-seeded trio of Juan Rene Serrano, Ernesto Boardman and Oldair Zamora claimed a 6-2 win over their Spanish opponents.

It gives them the opportunity to avenge their London 2012 defeat at the hands of South Korea, the top seeds who overcame Canada 6-2 in the last four.

Mexico still have a chance to qualify a full team for Rio 2016 at stage three of the Archery World Cup in Antalya in Turkey.

"We have trained a lot and sometimes we think about how to beat them," said Zamora in reference to his team's gold medal match opponents. 

"We would like to get the chance to win the Olympic spot in Antalya and beat them as well.

"We want to beat them with 55 or 56 points in each end.

"We are trying to control our nerves and be more relaxed during the matches and it has been working well so far.

"The key will be to remember all we do in our training and apply it in competition."

Mexico will have to settle for bronze at best in the women’s recurve team event after losing 5-3 against top seeds and reigning Olympic champions South Korea in the semi-finals.

Awaiting them in the bronze medal match is the US, who they lost against in last year’s equivalent contest.

South Korea will meet third seeds China in the gold medal match on Sunday (May 15).

In the men’s compound team competition, world indoor champions Sergio Pagni, Michele Nencioni and Federico Pagnoni of Italy reached the final after beating The Netherlands 228-227 in the quarter-finals and El Salvador 228-221 in the semi-finals. 

Top seeds the US stand between them and the gold medal after they defeated France 232-227 in the other semi-final.

France will go up against El Salvador for third-place honours.

Home nation and top seeds Colombia will face the US in the women’s compound team final after overcoming India 226-213 in the last four.

The US recorded a 233-222 semi-final victory over Italy, who will meet India in the bronze medal match.