Yes, that's the video.
I'm writing from Venezuela. Two high-ranking military officers were killed in the crash along with the pilot who I believe was a sargent. One of those high-ranking officers killed is the cousin of Venezuela's head honcho of the military.
They were flying over the southern state of Bolivar, supposedly loaded with illegal gold (there's all sorts of illegal mining activity there and the military is in the big middle of it. Claims were that they were flying very low in an effort to avoid detection by possible US radar being operated from either Brazil or offshore.
The video is obviously short, but sure seemed to me they weren't anticipating landing at some nearby airstrip but instead were flying dangerously low and then perhaps suddenly stalled with zero room for error. The plane was a Cessna 206.
Thanks guys for the quick response. Does that explanation sound logical?
Well, that wasn't a sudden stall. You can hear the horn going off in the background for a while before they actually stalled, and they had a chance to save it, had they not turned toward rising terrain and tried to increase their climb gradient even more.
Do you know where they took off from? I would imagine that it was already a backcountry strip, probably on a warm day at a high altitude, and that they simply didn't have the performance to climb high.
I'll attempt a non-pilot explanation here:
The key thing to understand is what we call "angle of attack" (AoA) which is the angle between the wing and the air rushing past it. Generally, the amount of lift the wing develops is directly proportional to the angle of attack, up to what we call the "critical AoA" which is where the airflow separates from the wing and it stalls.
Several things will affect AoA:
1) Speed. A plane that is flying slower has less air coming at it to be able to deflect downwards to develop lift. Slower speed = higher AoA.
2) Weight. A heavier plane needs more lift, and thus a higher AoA at a particular speed. (Gold is heavy stuff, too.)
3) Altitude. The higher you are, the thinner the air is, and the higher AoA you need for a particular speed and weight.
4) Heat. The hotter the air is, the thinner it gets, and the higher AoA you need for a particular speed, weight, and altitude.
* "Density Altitude" is the term used by pilots to describe this thinning of the air effect, combining the effects of heat and altitude into one term.
What we see in the video appears to have all of the above.