Nope, right now there will not be. the first movie did too poorly and they had finance problems.
In March 2008, The Golden Compass producer Deborah Forte expressed optimism that sequels could be made, and said that she intended to see them realized[80], but the studio decided not to make them. In December 2008, The Independent noted that a risky economic climate may have contributed to the non-production of further films, as "wider film industry is expecting to tighten its belt in 2009
http://en.wikipedia.org/wiki/The_Golden_Compass_(film)#Sequels
Never know, someone else may pick them up later but for now, i dont think anyone is considering to make any more of the movies.The two planned sequels to hit movie The Golden Compass have become Hollywood’s first major victims of the current economic crisis – production on the movies has been put on hold indefinitely.
The Golden Compass, which starred Nicole Kidman and Daniel Craig, was the first of author Philip Pullman’s His Dark Materials fantasy trilogy to be adapted for the big screen.
Two further films based on Pullman’s novels – The Subtle Knife and The Amber Spyglass – were due to be made following the box office success of The Golden Compass – but plans have stalled as a result of the present downturn in the international economy.
Eva Green, who was cast by director Chris Weitz as witch-queen Serafina, says, "At the moment it’s quite dead."
The Golden Compass had a budget of $180 million (GBP104 million) – making it one of New Line studio’s most expensive projects to date.
It has grossed more than $370 million (GBP213.8 million) worldwide since its December 2007 release.
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